The major banks, the defense company Saab, the paper company Essity, and the pharmaceutical giant Astra Zeneca are weighing down the most traded stocks in the OMXS30 index.
SEB, Nordea, Handelsbanken, and Swedbank fell between 1 and 1.3 percent. Saab closed at minus 1.4 and Astra Zeneca at minus 1.3 and 1.2, respectively.
However, the real estate company SBB surged upwards by over 40 percent following the news that the Norwegian Aker ASA has become a new major shareholder in connection with an interim report.
Among other winners are the heat pump manufacturer Nibe, up 2.5 percent, the cloud service company Sinch, and the investment company Kinnevik, which both closed at plus 2.3 percent.
In Monday's trading, the OMX index on the Stockholm Stock Exchange rose by 2.8 percent. Tuesday's closing price at plus 0.1 percent marks the fifth consecutive trading day on the plus side for the broad Swedish index, writes DI.
There were also strong gains on Wall Street on Monday following the news of the tariff pause between China and the USA – not least among the seven tech giants in Bloomberg's Magnificent 7 index, which surged 5.7 percent.
Following statistics showing an unexpectedly weak upward pressure on consumer prices in the USA in April, it points towards continued gains for the S&P500 index and Nasdaq on Tuesday.
