The Stockholm Stock Exchange rose sharply on Friday, fueled by peace optimism regarding the Iran conflict. On the corporate front, heavyweights Ericsson and Autoliv were in focus following their earnings reports.

The US and Iran are negotiating a plan to end the war, with one component involving the US releasing 20 billion dollars in frozen Iranian funds in exchange for Iran surrendering its stockpile of enriched uranium. This was reported by two US officials and two additional sources briefed on the talks to the news service Axios.

Furthermore, a statement from Iran's Foreign Minister regarding the Strait of Hormuz declared the passage fully open to all commercial vessels for the remainder of the ceasefire period. These developments caused oil prices to drop significantly and equity markets to strengthen.

At the close, the OMXS30 index was up 1.97 percent at 3,182.13. Shares worth approximately 36.1 billion kronor were traded on the Stockholm Stock Exchange.

The best performance among the major industrial sectors was technology, with a gain of 3.2 percent. At the other end of the scale, energy bottomed out with a decline of 7.4 percent.

Among the leading stocks included in the OMXS30 index, Lifco B rose 5.4 percent while SKF B was up 4.4 percent. The weakest performance came from Ericsson B, down 4.1 percent, while Tele 2 B fell 1.4 percent.

Telecom equipment provider Ericsson's adjusted EBITA came in at 5.6 billion kronor against an expected 5.8 billion, while adjusted gross profit was 2.9 percent lower than anticipated at 23.7 billion kronor. Revenue also missed expectations. Looking ahead, the company expects a RAN market with essentially no growth. The stock experienced volatile trading, with an initial decline turning into a gain before subsequently falling to close with a clear loss.

Automotive safety company Autoliv's adjusted operating profit in the first quarter came in 17 percent higher than analysts' expectations. Revenue was also higher than forecast. The company reiterated its guidance for an adjusted operating margin of 10.5-11.0 percent with zero percent organic sales growth. The report was warmly received, and the stock climbed 9.9 percent.

Sweden's regions are being advised against using research company Bioarctic's Alzheimer's drug Leqembi, according to a decision from an expert council that does not consider the high price justified. "The authorities have demanded price levels where it is unprofitable to launch the treatment in Sweden," the company's IR manager Oskar Bosson told Dagens Industri. The stock dropped 2.3 percent.

Hardware chain Byggmax sank 3.8 percent. The company reported lower revenue and a slightly weaker operating result of minus 127.0 million kronor in the first quarter. Comparable sales decreased by 5.3 percent during the period, with sales impacted by a cold February.

Real estate company Platzer reported a slightly increased profit from property management in the first quarter of 196 million kronor. Rental income decreased 2.2 percent to 435 million kronor. The stock increased 2.6 percent.

Environmental technology company Nederman saw revenue, order intake, and profit decrease in the first quarter. The stock fell 6.6 percent.

Also in the spotlight was the fact that high-profile investor Günther Mårder has been remanded in custody on suspicions of serious insider crime during the period 2024-2026. Mårder is the chairman of Spotlight Group and a board member of several listed companies. According to the prosecutor, the case concerns the medical technology company Raysearch, which recorded a decline of 0.9 percent.

Among today's analyses, Deutsche Bank initiated coverage of Skanska with a buy rating and a target price of 300 kronor. The stock rose 4.2 percent.

DNB Carnegie scrapped its buy rating for Kinnevik and downgraded it to hold. The target price was slashed significantly to 63 kronor (100). Meanwhile, CEO Rubin Ritter purchased shares for just under 11 million kronor. The stock fell 1.6 percent.