The Stockholm stock exchange traded down on Wednesday. The day was marked by reports from SKF and Sweco, among others. The stock market started weakly and then continued its downward slide, recovering slightly before the close. The trend mirrored that of the leading European stock exchanges.

At the close, the OMXS30 index was down 1.24 percent to 2,578.38. Shares worth around SEK 19.7 billion were traded on the Stockholm Stock Exchange.

The best performance among the stock exchange's major industrial sectors was energy with an increase of 0.2 percent. At the other end of the scale, technology was at the bottom with minus 2.4 percent.

Among the leading shares, which are included in the OMXS30 index, SKF rose 1.9 percent while SBB B was up 0.6 percent. Hexagon was the worst performer, down 4.0%, while Astra Zeneca was down 3.1%.

Car manufacturer Volvo Cars has initiated a process to take full ownership of the joint venture company Novo Energy. Volvo Cars will invoke its redemption right to acquire Northvolt's shares in Novo Energy. This is because it believes that Northvolt has violated the parties' shareholder agreement. Volvo Cars fell 2.1 percent.

The head of pharmaceutical company Astra Zeneca in China, Leon Wang, is being investigated by authorities in the country. The share fell 3.1% after the announcement.

The engineering company SKF presented sales in line with expectations in the third quarter. At the same time, the adjusted operating profit was better than expected. The share rose 1.9 percent.

The engineering consultancy Sweco reported sales and an ebita result in line with expectations in the third quarter. The share rose 5.9 percent.

Mildef has signed an agreement with BAE Systems Hägglunds for IT equipment in CV90 deliveries to Central Europe. The agreement is worth SEK 200 million initially and deliveries will take place in 2025-2029. The share fell 0.8 percent.

Hotel operator Scandic Hotels fell 6.5 percent after reporting a decrease in both sales and adjusted ebitda in the third quarter compared to the same period last year.

Paper mill company Nordic Paper increased sales in the third quarter compared to the same period last year. The ebitda result was SEK 106 million, with an ebitda margin of 9.6 percent. The share fell 0.2 percent.

Healthcare company Medicover reported increased sales in the third quarter compared to the same period last year. Operating profit decreased, affected by an impairment. A non-cash goodwill impairment charge of EUR -16.4 million affected operating and net profit in the quarter. The share fell 4.9 percent.

Pattern drafting company Mycronic has received an order for an FPS Evo from an existing customer in Asia. The order value is in the range of USD 11-13 million, equivalent to approximately SEK 117-138 million. Mycronic fell 2.8 percent.

IT consulting company Softronic's CEO Charlotte Eriksson has resigned for new challenges outside the company. The recruitment process for a new CEO will begin immediately. Eriksson has a notice period of six months. The share fell 0.6 percent.

On the analysis front, Millicom fell 0.5 percent after Handelsbanken raised it to buy from hold.

Sagax fell 1 percent after DNB raised its rating to "keep" from "sell" with a target price of SEK 260.