Stockholm Stock Exchange shows positive signs as OMXS30 index rises by 0.5% to 2,535 level, with a total turnover of 5.3 billion SEK. Leading European markets, such as French CAC 40 and German DAX, also show upward trends.
Nibe leads the Swedish large-cap index with a strong performance in the second quarter, surpassing expectations with a operating profit of 669 million SEK. The company anticipates a gradual improvement in demand in the second half of the year, contrary to market doubts.
Sinch and Electrolux follow closely with gains of 5.1% and 2.6% respectively, while real estate company SBB sees a decline of 2.6%. E-commerce company Boozt falls short of profit expectations but exceeds revenue forecasts, narrowing its full-year outlook. Boozt’s stock drops by 4.4%.
Raysearch emerges as a top performer, with a 17% increase in stock value due to a significant rise in operating profit and margin. Ambea also reports a strong performance, with a 5.5% increase in stock value driven by improved operating profit and revenue.
Storskogen continues its surge, adding another 9.7% following target price upgrades from banks and analysts. Embracer recovers from previous losses with a 7.5% increase, supported by positive recommendations from analysts.
Additionally, EQT announces a major acquisition of Property Guru, a Singapore-based online real estate platform, in a deal worth 1.1 billion SEK.