As of 9:15 am, the OMXS30 was down 0.1 percent at 2,557 with shares worth about 0.6 billion Swedish kronor traded on the Stockholm Stock Exchange.
Elsewhere in Europe, the French CAC40 was up 0.2 percent while the German DAX index fell 0.2 percent. The London Stock Exchange is closed due to a public holiday.
Among the OMXS30 companies, SBB and ABB were early winners with gains of around 0.5 percent each. On the other hand, Nibe was among the early losers, dropping 0.8 percent.
In news, clothing company Björn Borg has updated its long-term financial goals, aiming for an annual revenue growth of at least 10 percent, up from the previous goal of 5 percent. Other financial goals remain unchanged. The stock rose nearly 6 percent.
Lundin Mining climbed about 1 percent as the strike at the company’s copper mine in Chile has ended after reaching an agreement.
Medical technology company Senzime tumbled 13 percent after adjusting its revenue target, now delayed to 2026 with a new range of “around 250-350 million Swedish kronor,” wider than the previous range of 275-325 million kronor.
On the analysis front, DNB Markets upgraded their recommendations for real estate companies Castellum and Nyfosa to buy from hold. Both stocks were up around 1.3 percent.
In the same sector, SEB Equities raised their recommendation for Sagax to buy from hold, resulting in a 1.5 percent increase in the stock price.
Additionally, Kepler Cheuvreux lowered their recommendation for installation company Instalco to hold from buy, causing a 3 percent drop in the stock.
Börsveckan recommends buying Railcare and maintains a buy rating on RVRC.
Analysis:
The Stockholm Stock Exchange, along with European markets, experienced a mix of gains and losses in morning trading. Companies like Björn Borg and Lundin Mining saw positive movements, while Senzime faced a setback. Analysts’ recommendations on various stocks also influenced market performance. Investors should closely monitor these developments to make informed decisions regarding their portfolios.