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The Stockholm Stock Exchange Rises

The Stockholm stock exchange's rise is strengthened slightly. At lunchtime, the OMXS index is up 0.4 percent with the majority of OMXS30 companies on the plus side.

» Published: February 12 2025 at 07:46

The Stockholm Stock Exchange Rises
Photo: Henrik Montgomery/TT

The upturn is in line with the development on leading European markets and after a strong surge on the Hong Kong stock exchange, linked to increases for e-commerce giant Alibaba as well as the car company BYD.

Even the futures market in New York points to a positive opening. Before that, new inflation statistics for the American part are awaited at 14.30 Swedish time.

On the Swedish side, the investment company Kinnevik takes the lead on the OMXS30 list, with the most traded shares. Kinnevik's share rises 2.8 percent, followed by Electrolux, up 2.0 percent.

The defense group Saab belongs to the losers with a decline of 1.1 percent.

Among the smaller companies, Medicover has announced in connection with published quarterly figures that the company's CEO for 25 years, Fredrik Rågmark, now chooses to leave his post. The share falls 1.7 percent.

Among today's big winners, the audiobook company Storytel stands out, surging over 16 percent. This after the company for the first time showed revenues exceeding one billion kronor for a single quarter.

Nordnet's share price is not significantly affected by the information that it has been possible for private individuals to trade in other customers' accounts during the IT failure that affected the company. The share did, however, fall sharply yesterday.

In the currency market, the US dollar now costs 10.88 kronor, while the euro strengthens and costs 11.29 kronor.

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TTT
By TTThis article has been altered and translated by Sweden Herald

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