The Stockholm Stock Exchange opened Wednesday with sharp gains as the domestic earnings season continues to unfold.

However, market focus is primarily centered on the U.S. decision to pause its military operation, Project Freedom, which aimed to escort commercial vessels through the Strait of Hormuz. The move is reportedly based on progress toward a 'full and final agreement' with Iran.

On the domestic macro front, Swedish inflation fell more than expected in April, according to preliminary figures from Statistics Sweden (SCB). The CPIF came in at 0.8 percent, compared to the anticipated 1.2 percent.

As of 09:17 CET, the benchmark OMXS30 index was up 1.41 percent at 3,115.82. Adjusted for dividends, the OMXS30 rose 1.46 percent. Shares worth approximately SEK 1.7 billion changed hands on the Stockholm bourse.

Among major industrial sectors, the Industrials index led the advance with a 1.71 percent gain. Conversely, the Energy sector lagged at the bottom, declining .01 percent.

Among blue-chip stocks in the OMXS30, Boliden climbed 3.3 percent, while Saab B rose 2.4 percent. Evolution saw the weakest performance, shedding 0.7 percent.

In corporate earnings, confectioner Cloetta reported an increase in adjusted operating profit to SEK 273 million, alongside higher revenue. The stock rose 4.7 percent.

Medtech firm Asker Healthcare Group saw its adjusted EBITA grow to SEK 442 million, sending its shares up 6.2 percent.

Real estate company SBB reported an increase in profit from property management to SEK 131 million. SBB shares gained 1.3 percent.

Energy firm Orrön Energy reported higher revenue and positive EBITDA for the first quarter of 2026, driven by higher realized electricity prices and income from project sales. Orrön edged up 0.1 percent.

Wind power company Eolus increased its operating profit to SEK 241 million, with the group's management portfolio growing to 1,271 megawatts. Eolus shares slipped 0.4 percent.

Outdoor products group Thule has signed an agreement to acquire Swiss-based Curli, a developer of premium dog harnesses. The acquisition bolsters Thule's expansion into dog transportation, one of the company's fastest-growing product categories. The initial purchase price amounts to CHF 10.1 million (approx. SEK 118 million), with a potential earn-out of up to CHF 6.8 million. Thule rose 1.2 percent.

Online broker Avanza Bank reported a net inflow of SEK 7,050 million in April, a 39 percent increase from the previous month (5,090). Compared to the same period in 2025, the net inflow rose by 1 percent. Avanza gained 0.2 percent.

Competitor Nordnet saw net savings among its customers reach SEK 7.2 billion in April. This represents a 7.8 percent decrease from the previous month's SEK 7.8 billion, but a 2.4 percent increase compared to the same period in 2025. Nordnet rose 0.3 percent.

Debt management firm Hoist reported first-quarter revenue that exceeded expectations. Pre-tax profit also beat forecasts, coming in at SEK 394 million. Hoist shares surged 7.3 percent.

Ventilation specialist Lindab reported an operating profit of SEK 188 million, missing analyst estimates. Revenue was in line with expectations. The stock fell 5.3 percent.

In analyst notes, DNB Carnegie upgraded IPC to 'Buy' from 'Hold'. Despite the upgrade, the stock fell 0.9 percent.