Stockholm Stock Exchange Rises 1.6 Percent with Nibe Leading Gains

The Stockholm stock exchange continued to rise on Wednesday. The broad OMXS index rose 1.6 percent with a number of large companies as winners.

» Published: April 23 2025

Stockholm Stock Exchange Rises 1.6 Percent with Nibe Leading Gains
Photo: Johan Hallnäs/TT

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Signals from the USA about reduced import tariffs are causing the world's stock exchanges to turn upwards.

The Stockholm stock exchange's OMXS-index closed at a plus of 1.6 percent with broad increases among the exchange's giants. Best among the most traded stocks on the OMXS30-index were the heat pump manufacturer Nibe and the bearing giant SKF, up 4.3 and 3.7 percent, respectively.

The reporting lock conglomerate Assa Abloy rose 2.8 percent, and the truck manufacturer Volvo, which released a report with a clearly lower operating result than expected, closed at a plus of 0.2 percent after initially falling.

Wednesday's stock rocket was the reporting communication systems company HMS Networks, up 17.1 percent, which reported a significantly increased operating result.

At the other end, the defense conglomerates Saab and Mildef fell 3.7 and 2.8 percent, respectively. This was after signals that Russia may be willing to freeze the war with Ukraine at the current positions.

The leading European stock exchanges also rose. The London stock exchange rose 0.9 percent, while Paris and Frankfurt took significant leaps of 2.4 and 2.9 percent, respectively.

The krona is largely maintaining its strengthened position. One dollar now costs 9.61, while the euro is quoted at 10.92.

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

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