The Stockholm Stock Exchange ended Thursday's session mixed after an initial move into higher territory.

The news flow was highlighted by a takeover bid for Formpipe Software, a significant insider sale at Sivers Semiconductors, and Intrum finalizing the terms of its previously announced capital raise.

Consumer prices in Sweden rose more than expected in May, according to the flash CPI. The CPI increased by 0.8 percent on an annual basis, compared to expectations of 0.5 percent. Preliminary estimates indicate that energy and service prices drove the uptick.

At the close, the OMXS30 index was up 0.03 percent at 3,135.31. Shares worth approximately SEK 19.1 billion were traded on the Stockholm Stock Exchange.

The best performing major industrial sector was healthcare, which rose by 2.92 percent. At the other end of the spectrum, telecommunications lagged with a decline of 1.74 percent.

Among the leading shares included in the OMXS30 index, Astra Zeneca rose 2.9 percent while Hexagon B gained 2.8 percent. The weakest performers were Ericsson B, down 2.2 percent, and Boliden, which fell 1.9 percent.

Credit management firm Intrum set the terms for its previously announced SEK 7.5 billion capital raise. The terms of the SEK 6.0 billion rights issue are 18:1, meaning one existing share entitles the holder to subscribe for 18 new shares at a subscription price of SEK 2.45 per share. The company is also conducting a directed share issue of SEK 1.5 billion on the same terms. The stock tumbled 8.9 percent.

Engineering group Sandvik announced an order worth approximately SEK 650 million from Chinese mining contractor JCHX Mining Management for the delivery of mining equipment to the Khoemacau Copper Mine in Botswana. The order was booked in the second quarter. Sandvik rose 0.5 percent.

Harish Krishnaswamy, head of the Wireless business area, has sold his entire shareholding in technology company Sivers Semiconductors for just under SEK 100 million. The stock, which has rallied sharply in recent months, fell 6.2 percent.

The bidding consortium Tabellae Bidco launched a takeover bid for all shares in software company Formpipe Software, currently undergoing a name change to Lasernet Group, at SEK 30 per share in cash. This represents a premium of 54 percent relative to the closing price on June 3. The consortium controls 54.3 percent of the shares in Formpipe. The stock surged 51.8 percent.

Hexagon spin-off Octave Intelligence fell on Thursday following a sharp decline on the New York Stock Exchange yesterday. The stock was down 7.1 percent in Stockholm.

Germany, a key market for heat pump manufacturer Nibe, saw a 44 percent increase in applications for heat pump subsidies in April compared to the same month last year. Compared to the previous month, applications fell by 4.5 percent. The figures helped Nibe shares rise 0.9 percent.

Biotech company Xbrane Biopharma has had its resubmitted Biologics License Application for its Lucentis biosimilar candidate accepted by the US FDA. The agency has set a BsUFA date of October 29, when the review is expected to be completed. The stock rose 7.1 percent.

Technology company Precise Biometrics' biometric matching solution, Biomatch, has been certified as Mosip Compliant following a joint validation process with Mosip. The certification confirms that the solution meets Mosip's requirements for secure, scalable, and user-friendly biometric authentication for national ID programs and other digital identity initiatives. Precise rallied sharply during the day, closing with a gain of 84.4 percent.

Analyst rating changes today included the following:

SEB upgraded Clas Ohlson to Buy (from Hold), reiterating a target price of SEK 425. Clas Ohlson fell 3.8 percent.

Bank of America upgraded Epiroc to Buy (from Underperform). Epiroc was down 0.1 percent.

Danske Bank upgraded Trelleborg to Buy (from Hold) with a target price of SEK 460. Trelleborg climbed 2.3 percent.