Sinch Shares Surge 25% Amid Stock Market Decline

The Stockholm stock exchange was pressed down on Tuesday – in line with leading European stock exchanges. The OMXS index closed at minus 0,6 percent. But the cloud service company Sinch rocketed upwards after an interim report and a message about repurchase of shares.

» Published: July 22 2025

Sinch Shares Surge 25% Amid Stock Market Decline
Photo: Claudio Bresciani/TT

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Cloud service company Sinch's share soared upwards by almost 25 percent since the company reported a higher profit than expected and announced that with a mandate from the annual general meeting in May, it will initiate a repurchase program of up to 10 percent of outstanding shares.

Alfa Laval's result was also slightly better than expected, but orders received fell 14 percent in the second quarter, which was an unexpectedly large setback. The share declined 2.7 percent.

Among the winners on OMXS30 were the telecom companies. Telia and Tele 2 rose 1.9 and 1.4 percent, respectively.

Interim reports from major companies around the world – spiced with uncertainty surrounding tariffs – continue to characterize the market.

Also, on the leading European stock exchanges, the mood was gloomy. The CAC40 index in Paris and the DAX index in Frankfurt declined, while the FTSE100 index in London was around zero at the Stockholm stock exchange's close.

The krona is relatively stable against the euro and the dollar and has strengthened since Monday. One euro costs 11.19 kronor, while the dollar is trading at 9.53 kronor.

The world market price of crude oil is being pushed downwards. A futures contract for delivery of so-called Brent oil next month is around 67 dollars per barrel.

The Stockholm stock exchange rose 0.2 percent on Monday and has, with Tuesday's decline, risen 1.0 percent since the turn of the year.

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