The Stockholm Stock Exchange closed with an increase

The Stockholm Stock Exchange closed on a plus after a turbulent trade on Thursday. Evolution, Electrolux, and H&M fell hard after the morning's quarterly reports.

» Published: January 30 2025

The Stockholm Stock Exchange closed with an increase
Photo: Stina Stjernkvist/TT

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The broad OMXS index rose, before falling back, but then rose again to plus 0.6 percent.

The gain for early winner ABB turned into a minus 2 percent, despite a quarterly report that was considered stronger than expected.

Several report disappointments pressured the broad stock market index, including from fashion giant H&M. The stock fell 3.4 percent after disappointment over the lack of sales growth.

Among the losers were also game developer Evolution and appliance giant Electrolux, both of which received a severe beating after their reports. The prices fell 6.4 and 3.0 percent, respectively.

At the close in Stockholm, it was clearly upward on the major European stock exchanges in Frankfurt, London, and Paris.

After the US stock market closed on Wednesday evening, several tech giants released their quarterly reports. The outcome was mixed: Meta (Facebook) and software company Microsoft exceeded expectations, but electric car manufacturer Tesla did not.

After the opening on Wall Street on Thursday, two out of three major indices were up. Tesla and Meta were up 2.6 and 1.9 percent, respectively, while Microsoft had fallen 6.2 percent.

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

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