The Stockholm Stock Exchange showed strength on Thursday and rose for the fifth day in a row. Atlas Copco was among the winners as the stock rose partly on renewed AI hype. In Europe, prices were mixed. The German DAX rose while the British FTSE fell. Trading in the US was irregular.
At the close, the OMXS30 index was up 1.18 percent to 2,708.59. Shares worth approximately SEK 21.2 billion were traded on the Stockholm Stock Exchange.
The best performance among the stock market's major industrial sectors was industry, with an increase of 1.83 percent. At the other end of the scale, real estate was at the bottom with a decline of 1.78 percent.
Among the leading stocks included in the OMXS30 index, Atlas Copco A rose 5.3 percent, while Alfa Laval was up 2.8 percent. Evolution performed the worst, down 1.4 percent, while Swedbank A was down 1.3 percent.
Evolution's partner in the Philippines lost one of its gaming licenses, just a few months after the companies began collaborating on their first live studio in Asia. According to Evolution, however, this does not affect their live studio as the partner's B2B license is still active. The stock fell 1.4 percent.
Hansa Biopharma fell 6.5 percent after completing a directed share issue worth SEK 671.5 million before costs. The discount was 7.6 percent.
Atlas Copco rose 4.7 percent. Several media outlets reported during the day that a new AI hype had caused chip stocks globally to increase in market value by over $200 billion in the past 24 hours. Atlas is active in vacuum technology used in the semiconductor industry. In addition, Handelsbanken released an analysis of the engineering sector and raised its target price to SEK 180 (170), with a continued buy recommendation.
Ericsson fell 0.1 percent, while competitor Nokia's Swedish share rose 1 percent. The Financial Times wrote in an article, citing sources, that China is restricting the use of companies in its telecom networks as it works to decouple the country's important technology infrastructure from the West.
Car manufacturer Volvo Cars reported global sales of 63,212 cars in September, an increase of 1 percent compared to the same month last year. So far this year, sales have fallen by 8 percent. The share rose 6.6 percent.
Humble Group fell 7.1 percent after announcing a change of CEO. The food tech company's board has appointed Noel Abdayem as interim CEO with immediate effect after current CEO Simon Petrén, in consultation with the board, decided to leave the group.
Game development company Starbreeze discontinued the development of the Baxter project after a strategic review. At the same time, the company is making a write-down of approximately SEK 255 million in the third quarter of 2025, linked to previously capitalized development costs. The share price fell 12.3 percent.
Several recommendation changes were noted in this morning's news flow.
SEB downgraded NCC and Arjo to hold from buy. NCC fell 4.3 percent and Arjo 2.7 percent.
Intea fell 0.7 percent after DNB Carnegie raised its rating to buy from hold.
A new buy recommendation was also noted for AAK, where Nordea raised its rating to buy from hold. AAK climbed 1.9 percent.
Handelsbanken downgraded Trelleborg to sell from hold. Trelleborg rose 0.4 percent.
Pareto Securities initiated coverage of Plejd with a buy rating and a target price of SEK 1,100. The share rose 3 percent.
The Stockholm Stock Exchange rose for the fifth day in a row, with the OMXS30 index up 1.2 percent.
Published on 10/02/2025 at 11:41 am EDT
Finwire
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Translated by Marketscreener
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