Stockholm Stock โExchange Mixed as Reporting Periodโค Ends
The Stockholm Stock exchange saw a mixed โฃperformance today โas the quarterly reporting period โขdrew to a close, with the OMXS30 index poised for a positive weekly and monthly close if current trends hold. At 12:51 โp.m.,โข the OMXS30 was up 0.04 โpercent, reaching 2,790.53,โ with approximately SEK โ4.5 billion worth of shares traded.
Raw materials led the gains among major sectors, rising 0.34โ percent, whileโค technology โขlaggedโข behind withโข aโ decline ofโ 0.86 percent.โค Within the OMXS30, Nibe B experienced a 2.7 percent increase, and โฃAddtech B rose 1.7 โpercent. Conversely, Hexagon B and Skanska โคB both fell 1.2 percent.
Several โขcompanies โคreleased quarterly reports โtoday. Fastator, a real estate investment company, reportedโค a net asset value per share of SEK 1.92 in theโค third quarter and an operating loss of -9.1 million, promptingโค a 52 percent โฃrally from โคprevious lows. Property developer Titania completed a targeted share issue, raising SEK 79 โขmillion before costs,โ and saw a 4.7โค percent increaseโฃ on First North. Mining company Viscaria saw a โ4.4 โpercent decline as its shares traded excluding subscription rights related to a โคrecent rights issue.
Technology group Sdiptech held a capital โคmarkets day, unveiling new financial targets including โa goal of 15 percent adjusted EBITA โฃgrowth. The โฃstock dipped 0.4 percent following the update. Bioarctic announced its partner Eisai submitted โa marketing authorization application โฃto the Japanese PMDA for a subcutaneous Leqembi (lecanemab) auto-injector treatment, resulting in a 0.6โ percent decrease โฃin Bioarctic’s share price.
Analyst activity โฃalso โinfluenced trading. SB1 Markets initiated coverage of Boliden with a “buy” proposal,โฃ lifting the stock 1.5โฃ percent. Goldman Sachs began monitoring โseveral stocks, โฃinitiating purchases โof Trelleborg and Addtech with aโ “buy”โ rating,โข leading โคtoโค gains of โ2 percent for Trelleborg and 1.8 percent for โขAddtech. โ โคGoldman sachs initiated “neutral” coverage for Lifco and Indutrade, causing lifco โคto fallโฃ 0.7 percent โwhile Indutrade rose 0.1 percent. JPโ Morgan upgraded Telia to “overweight,” resulting in โคa 0.6 percent increase, and Danske Bank raised Paradox to “buy,” driving a 5.3 โpercent jump in itsโข shareโ price.