Stockholm Stock Exchange Drops 0.5 Percent in Early Thursday Trading

After a strong Wednesday, the Stockholm Stock Exchange turns down in the initial Thursday trading. Among the report winners, Telia stands out, rising.

» Published: April 24 2025 at 07:30

Stockholm Stock Exchange Drops 0.5 Percent in Early Thursday Trading
Photo: Stina Stjernkvist/TT

After approximately five minutes of trading, the Stockholm Stock Exchange's broad OMXS index has fallen by 0.5 percent.

Several major companies have released their quarterly reports this morning. Among the winners, Telia stands out, climbing 1.4 percent. At the other end, the paper company Essity's report failed to meet expectations – its share price is down nearly three percent.

Outside the heavyweight list, Husqvarna and Nokia are falling, with a decline of around six percent.

The US stock exchanges rose significantly during Wednesday evening, although the increase slowed down towards the end. The technology-heavy Nasdaq index performed the strongest, closing 2.5 percent up. European stock exchanges and Stockholm also had a strong trading day, following President Trump's announcement to lower Chinese tariffs, among other things.

Overnight Asian trading was more cautious: up in Tokyo, down in Hong Kong.

The krona has weakened compared to yesterday, but a slight recovery occurred in this morning's trading. One dollar costs 9.65 kronor in the morning, while the euro is quoted at 10.96 kronor.

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By TTTranslated and adapted by Sweden Herald
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