The Stockholm Stock Exchange traded mixed at midday on Thursday following an initial uptick.

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 increase.

At around 12:49 PM, the OMXS30 index was down 0.15 percent at 3,129.70. Shares worth approximately SEK 6.0 billion had changed hands on the Stockholm Stock Exchange.

The best performing major industrial sector was healthcare, with a gain of 1.09 percent. At the other end of the scale, telecoms lagged behind, falling 1.78 percent.

Among the leading shares included in the OMXS30 index, Nibe B rose 2.3 percent while Hexagon B was up 2.2 percent. The weakest performers were Ericsson B, down 3.0 percent, and Boliden, which fell 2.0 percent.

Credit management firm Intrum has 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 carrying out a SEK 1.5 billion directed issue on the same terms. The stock tumbled 8.7 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 0.2 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, plummeted 15.2 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 compared 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 6.7 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 supported a rise in Nibe shares.

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 12.1 percent.

Technology company Precise Biometrics' 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 shares soared just over 100 percent on the news.

Analyst rating changes today included the following:

SEB upgraded Clas Ohlson to Buy (Hold), reiterating a target price of SEK 425. Clas Ohlson fell 0.6 percent.

Bank of America upgraded Epiroc to Buy (Underperform). Epiroc was unchanged at midday.

Danske Bank upgraded Trelleborg to Buy (Hold) with a target price of SEK 460. Trelleborg climbed 3.1 percent.