Saab and H&M Lead Gains as Stockholm Stocks Rebound

The Stockholm stock exchange soothed its wounds on Tuesday after four consecutive trading days of falling prices. The broad OMXS index rose 1.0 percent, which was in line with leading European stock exchanges.

» Published: April 01 2025

Saab and H&M Lead Gains as Stockholm Stocks Rebound
Photo: Anders Wiklund/TT

Among the most traded stocks in the OMXS30 index, the defense group Saab and the clothing chain H&M rose by 2.6 and 2.4 percent, respectively.

But the best performer in the OMXS30 was the medical technology company Getinge, up 3.2 percent.

Prior to the start of trading on Tuesday, Skanska had announced that the construction company had received an order worth 4.5 billion kronor in New Jersey, USA. The order concerns the demolition of an existing swing bridge and the construction of a new lift bridge. Skanska's share rose by 1.1 percent.

During the night's trading in Asia, there were moderate gains following the sharp declines on Monday, when, among other things, the Tokyo Stock Exchange fell by 4 percent.

The gold price reached new historic record levels during the morning ahead of the Trump administration's next tariff announcement, which is expected on Wednesday evening Swedish time. Gold is a common refuge for investors in times of uncertainty – but the price is also affected by central banks around the world increasing their gold reserves. At the close of trading, the gold price stood at 3,127 dollars per troy ounce (31.1 grams).

The Stockholm Stock Exchange fell by 1.7 percent on Monday. With Tuesday's rise, the OMXS index is unchanged since the turn of the year.

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By TTThis article has been altered and translated by Sweden Herald

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