Stockholm Stock Exchange Rises Despite Evolution's 19% Stock Plunge

Walpurgis Eve's shortened trading day ended with a clear increase for the Stockholm Stock Exchange. The worse it was then for the live casino company Evolution. Almost 20 percent of the company's stock market value has been wiped out.

» Published: April 30 2025

Stockholm Stock Exchange Rises Despite Evolution's 19% Stock Plunge
Photo: Janerik Henriksson/TT

At the close of 13 o'clock, the OMXS index had risen 1.3 percent. Today's increase has been driven by the banking sector, where reporting Handelsbanken has shown the way. This morning's interim report caused Handelsbanken to surge 7 percent and thus perform the best on the OMXS30 list, dragging SEB and Swedbank along. Both of them had risen over 2 percent at the close.

It was much worse for live casino company Evolution after this morning's interim report. The stock collapsed completely, with a 19.3 percent drop, marking the company's worst trading day since its listing in 2015.

Among other losers, Electrolux stands out, despite the news that the company's CEO has bought more than 600,000 shares in the company. The stock plummeted in connection with yesterday's interim report and closed down 1.3 percent.

Meanwhile, on the leading European stock exchanges, it is slightly up ahead of this afternoon's closing trade, with increases of around 0.5 percent.

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By TTTranslated and adapted by Sweden Herald
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