Among the most traded stocks in the OMXS30 index - which was at historic highs above the 3,000 level during morning trading - Telia and Tele2, among others, rose 3.1 and 2.6 percent respectively. This followed analysts at the major American bank Citi raising their recommendation for Telia to “buy” and at the same time highlighting Tele2 as a sector favorite.
The worst performer in OMXS30 was online casino company Evolution, which fell 3.4 percent.
Among the smaller companies, shares in kitchen manufacturer Nobia fell 27 percent after the announcement that the company was divesting its British operations without disclosing a purchase price.
Gold and silver prices rose to new record levels, and oil prices hovered around their highest level in two months.
Market uncertainty has been fuelled by the Trump administration's controversial threat to impeach Jerome Powell, the head of the US Federal Reserve, and President Donald Trump's proposal to cap credit card interest rates in the US at 10 percent.
Developments on Europe's leading stock exchanges were mixed: the London Stock Exchange rose while Frankfurt and Paris fell, though the moves were relatively small.
Stockholm's OMXS index also fell 0.1 percent on Tuesday. Since the start of the year, the gain is now down to 2.3 percent.
