Volvo Leads Stockholm Stock Exchange as OMXS Index Rises

The Stockholm stock exchange rose on Thursday with truck manufacturer Volvo as the locomotive. The broad OMXS index lifted 1.1 percent.

» Published: August 07 2025

Volvo Leads Stockholm Stock Exchange as OMXS Index Rises
Photo: Claudio Bresciani/TT

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For the second day in a row, Volvo topped the large company list OMXS30 with an increase of 2.8 percent, followed by the forest company SCA, which rose 2.6 percent.

At the bottom of OMXS30 was the defense equipment manufacturer Saab, down 3.5 percent, after the German competitor Rheinmetall presented a report that did not meet expectations. Rheinmetall's share fell over 7 percent on an otherwise rising Frankfurt stock exchange.

The telecom companies also had a bad day: Telia lost 2.3 percent and Tele2 1.5 percent.

In Copenhagen, the pharmaceutical giant Novo Nordisk pulled up the index after the American competitor Eli Lilly came up with weak study results. The Copenhagen stock exchange rose 3.9 percent while Novo Nordisk rose 6.7 percent.

Leading European stock exchanges rose with the exception of the index in London, which fell by about 0.5 percent.

Inflation in Sweden rose in July and is now at 3.0 percent in annual terms, according to Thursday's preliminary figures from the Statistical Central Bureau. It was slightly less than analysts had expected, but it was the highest figure in 18 months and clearly above the Swedish Central Bank's inflation target of 2 percent.

On the currency market, the krona strengthened against both the dollar and the euro. One dollar cost 9.60 kronor at the close of trading and one euro 11.17 kronor.

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