Among the most traded stocks in the OMXS30 index, Telia and Tele2, among others, rose 2.0 and 1.7 percent, respectively. This came after analysts at major bank Citi raised their recommendation on Telia to "buy" and at the same time singled out Tele2 as a favorite in the sector.
Divests UK operations
Kitchen manufacturer Nobia's stock collapsed, down 23 percent, after it announced it was divesting its British operations without disclosing a purchase price.
Before the opening, the reporting season on the Stockholm Stock Exchange started with technology retailer Dustin's quarterly figures. The share rose 2.1 percent.
Later in the trading day, a new round of reports from major US banks, including Bank of America, will be released.
The uncertain situation surrounding the Trump administration's policies is otherwise affecting the market.
Records for gold and silver
Gold and silver prices are rising to new record highs and oil prices are hovering around their highest level in two months as investors try to position themselves in the face of hot spots of unrest in Venezuela, Iran - and Greenland - as well as uncertainty created by the administration's threat to impeach Federal Reserve Chairman Jerome Powell and proposals such as a 10 percent cap on credit card interest rates in the United States.
There may also be a ruling from the US Supreme Court on Wednesday regarding Trump's tariff policy, which lower courts have largely labeled as illegal.
Wall Street closed lower on Tuesday, with sharp price drops for major bank JPMorgan Chase, among others, despite a seemingly strong financial report for 2025.
The OMXS index fell 0.1 percent on Tuesday. Since the start of the year it has risen 2.7 percent.
