Stockholm Stock Exchange Ends Flat as Saab Leads Gains

The Stockholm stock exchange moved around zero during large parts of Monday and the broad OMXS index closed unchanged.

» Published: March 24 2025

Stockholm Stock Exchange Ends Flat as Saab Leads Gains
Photo: Fredrik Sandberg/TT

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Best on the OMXS30 index with the most traded shares was the defense group Saab, which rose 4.5 percent after a buy recommendation from the major bank UBS.

Also, the online casino company Evolution and the real estate company SBB performed well, with increases of 1.7 and 1.5 percent, respectively.

At the bottom among the 30 largest were the pharmaceutical company Astra Zeneca, down 1.5 percent. The telecom operators Tele2 and Telia fell 1.4 and 1.3 percent, respectively.

On the major European stock exchanges, it was sluggish. At the close in Stockholm, Frankfurt, London, and Paris were all in the red.

In New York, the stock exchanges opened clearly in the plus. The S&P 500 index has risen 1.6 percent, the Dow Jones industrial index 1.3 percent, and the technology-heavy Nasdaq composite index 2.0 percent.

This follows reports that upcoming tariffs from the USA do not appear to be as broad as previously feared. A purchasing managers' index for the country's manufacturing industry showed worse figures than expected, but the index for the service sector was significantly better than expected.

The increases in the USA are driven by technology shares. Electric car manufacturer Tesla is rising the most among the largest listed companies and has risen 9.6 percent. The company's share has, however, lost over 32 percent so far this year.

One dollar costs 10.11 kronor and one euro 10.91.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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