The Stockholm Stock Exchange Soared – Volvo Cars Slowed Down

The Stockholm stock exchange ended the trading day in a sunny mood. The OMXS index rose 1.4 percent. For Volvo Cars, it was heavier. The brake slammed on after a report and the stock slid down to its lowest level ever.

» Published: February 06 2025

The Stockholm Stock Exchange Soared – Volvo Cars Slowed Down
Photo: Thomas Johansson/TT

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An extremely report-intensive Thursday morning is reflected in the price changes in Stockholm.

Among the large companies on the OMXS30 list, mining giant Boliden surged 13.1 percent, after submitting a report that exceeded expectations.

The company announced that dividend payments to shareholders will be discontinued to reduce the scope of the new share issue that the company had previously announced after purchasing two mines.

Pharmaceutical company Astra Zeneca also rose significantly, with the share price climbing 5.8 percent after the morning's report.

Outside the large-cap list, a sharp decline was particularly notable for Volvo Cars. The share price fell 11.1 percent to 21.07 kronor after the report and is now trading below the previous low level (21.85 kronor).

In contrast, Apotea performed well, delivering its first quarterly report since its IPO last year. The share price rose 6.6 percent.

Gaming company MTG also pleased shareholders with its report, and after an increase of 11.6 percent, the share price is now trading at its highest level since the end of 2010.

On the currency market, the Swedish krona has strengthened significantly against the British pound after the Bank of England announced an interest rate cut. One pound now costs 13.57 kronor.

At the close in Stockholm, there was a very positive development with clear increases also on the major European stock exchanges in Frankfurt, London, and Paris.

In New York, the development was slightly more mixed, with one of three major indexes in the minus.

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

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