Ericsson Shares Rise 6.8% as Stockholm Market Falls for a Second Day

After sharp falls in Asian markets, the Stockholm Stock Exchange’s broad OMXS index closed down 0.4 percent.

Among the most traded stocks on the OMXS30 list, Ericsson stood out. Nordea, which also reported, fared worse, falling 8 percent.

Outside the list, Kinnevik, the Stenbeck family’s investment company, fell 9.2 percent after also reporting.

The global AI craze was reflected in a 4.5 percent fall in engineering giant Atlas Copco, which has some exposure to the sector.

Telecom companies Telia and Tele2, which usually weather market turmoil well, rose 4.3 and 3.1 percent respectively. Deutsche Bank also gave Telia a buy rating.

At the close in Stockholm, the stock markets in Frankfurt, London and Paris were all up. In New York, trading was mixed.