The Stockholm Stock Exchange continues to trade lower at lunchtime following Wednesday's rally. The trend is mirrored across major European bourses.

At 12:47 PM, the OMXS30 index was down 0.89 percent at 3,066.57. Adjusted for dividends, the OMXS30 index declined 0.68 percent. Shares worth approximately SEK 6.2 billion changed hands on the Stockholm exchange.

Among the major industrial sectors, energy performed best with a gain of 2.85 percent. At the other end of the spectrum, technology lagged behind, falling 0.98 percent.

Among the leading shares included in the OMXS30 index, Epiroc A rose 0.4 percent while ABB gained 0.2 percent. The weakest performers were SEB A, down 2.5 percent, and Tele2 B, which shed 1.8 percent.

Volvo is trading today ex-dividend for a payout of SEK 13 per share. The stock was trading down 4.5 percent.

Lock manufacturer Assa Abloy has acquired Rollerdoor Group, a sectional door manufacturer based in Portugal. The acquisition reported 2025 revenues of EUR 58 million, equivalent to SEK 640 million. Elsewhere, Pareto Securities has upgraded its rating on the stock to Buy. The share price is down 0.4 percent.

Live casino developer Evolution has petitioned the Superior Court of New Jersey to add competitor Playtech as a defendant in an ongoing U.S. defamation lawsuit. Evolution alleges that Playtech has disparaged the company in an attempt to eliminate competition in the North American market. The conflict has been ongoing since December 2020. Evolution's shares are unchanged at midday following an initial decline.

Competition in the European automotive market is intensifying and a price war may be looming, Volvo Cars CEO Håkan Samuelsson warned in an interview with Sveriges Radio. Samuelsson pointed to supply outstripping demand and noted that price pressure in China could spill over into Europe as Chinese players enter the market. The stock is down 2.7 percent.

Construction group Skanska has secured a pair of orders with a combined value of SEK 1.8 billion. Skanska shares are down 0.6 percent.

Home improvement chain Clas Ohlson increased sales by 11 percent in March, with organic growth reaching 8 percent. The stock is up 0.3 percent.

Industrial supplier Mildef is expanding its operations in Helsingborg by 6,000 square meters. The decision is driven by the company's efforts to meet growing demand from defense forces for products and services. Mildef is climbing 4.4 percent.

Net Insight has been awarded a development project within ESA's NAVISP program, supported by the Swedish National Space Agency. The project aims to develop technology for positioning, navigation, and timing (PNT), used in sectors such as telecommunications, transport, and energy systems. The size of the financial support was not disclosed. Net Insight is surging 9.2 percent.

Major shareholder Lars Anders Larsson has, through the company FAHA Holding, increased his stake in the real estate investment firm Fastator to 15.92 percent. The stock is up 5.2 percent.

A series of analyst rating changes were reported this morning.

Tele2 is down 1.9 percent after SEB cut its rating to Sell from Hold.

Morgan Stanley has upgraded Boliden to Equal-weight from Underweight. The stock is down 0.2 percent.

Pareto Securities has downgraded Alfa Laval to Hold. The share price fell 1.2 percent.

Barclays has lowered its ratings for SEB and Handelsbanken while upgrading Swedbank. All shares declined, with SEB recording the largest drop.