The Stockholm stock exchange attempted an upturn in early trading on Tuesday, but the momentum faded towards lunchtime and prices ended up falling. On the world stage, important trade talks between China and the US entered their second day in London.

At 12:50 p.m., the OMXS30 index was down 0.26 percent to 2,506.35. Shares worth approximately SEK 6.2 billion were traded on the Stockholm Stock Exchange.

The best performance among the stock market's major industrial sectors was energy, with an increase of 0.9 percent. At the other end of the scale, healthcare was down 0.63 percent.

Among the leading stocks included in the OMXS30 index, Electrolux rose 1.6 percent, while Nibe was up 1.3 percent. Saab performed worst, falling 5.1 percent, while SBB B was down 2.6 percent.

Elekta experienced a volatile morning on the stock market. Initially, the share rose after the company appointed a new CEO. Ahead of today's capital markets day, the medical technology company announced at 11 a.m. that the value of its order backlog had been revised downward, while its financial targets were reiterated. The share fell 4.8 percent.

Xbrane Biopharma's share price jumped 14.9 percent after the company completed a private placement of around SEK 240 million.

Low-price chain Rusta announced that its long-standing CEO Göran Westerberg will be stepping down from his position by June 30, 2026. Rusta's share price fell 5.2 percent on the news.

Pharmaceutical company and stock market giant Astra Zeneca fell 0.8 percent on news that competitor Merck had received approval for an RSV vaccine that competes with Astra and Sanofi's joint product Beyfortus. Swedish company Sobi also saw a decline of 3.7 percent. Sobi receives royalties from French company Sanofi for the drug Beyfortus.

Construction company Skanska climbed 0.9 percent after securing two US orders worth SEK 2.8 billion and SEK 2.5 billion, respectively.

Truck and bus manufacturer Volvo rose 0.9 percent. The Volvo CE segment will invest around SEK 2.5 billion in its track-type excavator production to meet higher demand.

Nuclear technology company Studsvik received regulatory approval in the US from the Nuclear Regulatory Commission (NRC) for software used in the nuclear power industry. Studsvik rose 5.4 percent.

Defense company Saab continued Monday's decline, falling 5.1 percent at lunchtime. In the news flow, new advice was noted from SEB (lowered to hold) and Bank of America (lowered to underperform).

More recommendation changes were noted in Telia, where Redburn lowered its rating to neutral from buy. Telia fell 0.9 percent.

At the same time, Handelsbanken resumed coverage of Dustin with a hold recommendation. Dustin fell 1.8 percent. The bank also resumed coverage of Intea Fastigheter, which has surged since its IPO, now with a sell recommendation (previously hold). The stock lost 3.2 percent.

Helmet safety company Mips rose 6.9 percent after Danske Bank raised its target price to the street high of SEK 650. In an analysis, Danske wrote that it sees an attractive entry point for the stock and reiterated its buy recommendation.