Stockholm Stock Exchange Opens Week with Industrial Shares Dragging Down

The Stockholm stock exchange is starting the week weakly downward, with industrial shares as a drag. The OMXS index has fallen 0.1 percent after five minutes of trading. It is also downward for the dollar and the global market price of oil.

» Published: May 05 2025 at 07:34

Stockholm Stock Exchange Opens Week with Industrial Shares Dragging Down
Photo: Claudio Bresciani/TT

The reporting parent company Ratos, with the retail chain Plantagen in its portfolio, reports a significant profit increase for the first quarter. The stock rises by more than 6 percent.

Car manufacturer Volvo Cars, however, falls nearly 2 percent after sales in April decreased by 11 percent year-on-year to 58,881 cars.

Among the most traded stocks in the OMXS30 index, heavy machinery stocks such as AB Volvo and Atlas Copco fall the most, down by 1.2 and 0.9 percent, respectively. Sandvik also falls, by 0.6 percent.

The trend points downward on leading European stock exchanges, but it is even clearer downward when the market prices how the exchanges on Wall Street will perform.

The dollar is being pushed downward against other currencies and was below 9.60 kronor per dollar during the night. It recovers somewhat in morning trading, to around 9.65 kronor per dollar.

The stock exchanges in Tokyo, Hong Kong, and Shanghai are closed for a holiday.

On the commodity market, the oil price falls after the weekend's announcement from OPEC countries and Russia that production will increase in June – despite the uncertain global economy dampening demand. A futures contract for the delivery of so-called Brent oil next month falls by 2.7 percent to 59.60 dollars per barrel.

On Friday, the OMXS index on the Stockholm Stock Exchange rose by 1. With Monday's decline included, the index is down by 1.4 percent since the beginning of the year.

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By TTTranslated and adapted by Sweden Herald
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