The Stockholm Stock Exchange initially fell on Friday, but has since recovered to an irregular trend by midday. The development is in line with that of the leading European exchanges. U.S. futures point to a slight rise on Wall Street at the opening later this afternoon.

At around 1 p.m., the OMXS30 index was down 0.13 percent to 3,059.14. Shares worth approximately 6.4 billion kronor were traded on the Stockholm Stock Exchange.

The best performance among the exchange's major industrial sectors was telecom, with a rise of 1.6 percent. On the other side of the scale, commodities were at the bottom, down 1.1 percent.

Among the leading shares included in the OMXS30 index, EQT rose 3.7 percent while Ericsson B was up 2.1 percent. The worst performance was seen in Sandvik, down 2.5 percent, while Epiroc A fell 1.8 percent.

The Rausing family, one of Sweden's wealthiest, has increased its ownership in the private equity firm EQT to just over 5 percent of the shares. The family is not known for investing in listed shares; in addition to EQT, the family has long controlled just under 30 percent of the shares in Alfa Laval.

The housing platform Hemnet saw its turnover decrease in February by 21.7 percent compared to the same month last year. The share was up 0.2 percent.

The investment company Svolder's net asset value, including reinvested dividends, decreased by 6.4 percent in the second quarter. This was worse than the Carnegie Small Cap Return Index, which decreased by 1.9 percent. The company reports its net asset value every week. The share fell 1.9 percent.

The real estate company SBB is significantly slimming down its organization following the transaction with Public Property Invest, a deal completed in December last year. The number of employees is shrinking to 29 people from the previous 146, where remaining operations primarily comprise development and central staff functions. The share backed 0.1 percent.

The technology company Ovzon rose 4.8 percent after the company received an order from the U.S. military worth 12 million kronor.

The defense technology company W5 Solutions is acquiring Finnish KT-Shelter for a purchase price of 237 million kronor. The company is also in the final stages of negotiating two orders with a total value of 274 million kronor. W5 has also carried out a directed share issue of 100 million kronor to finance the acquisition. The subscription price of 50 kronor corresponds to Thursday's closing price. The share climbs 8.8 percent.

The pharmaceutical development company Cinclus Pharma has entered into a financing agreement with Claret Capital Partners for up to 28 million euros. The capital will be used to accelerate the final stage of the company's phase 3 program and finance development and market preparations for the drug candidate linaprazan glurate. The share rises 3.6 percent.

The rise for the telecom provider Ericsson is explained by Nordea raising its recommendation to buy, from the previous hold. The target price is set at 120 kronor.

The game developer Coffee Stain increases 3.6 percent. Aktiespararna gave a buy recommendation with a target price of 21 kronor.