After 20 minutes of trading, the OMXS30 index was down 2.29% to 2,185.92. Throughout the day, the index fluctuated between a low of -3.72% and a high of -1.95%. All companies on the OMXS30 were in the red, with Electrolux leading the decline, down nearly 5% at 9:30. On the other end of the spectrum, Saab was down just over 1% at the same time.
The broader OMXSPI was down 2.17%.
| Stock | Change | Comment |
| — | — | — |
| Alfa Laval | -1.4% | UBS raises to neutral (sell) |
| SEB | -1.9% | Kepler Cheuvreux raises to buy (hold), target price 161 SEK (165) |
| JM | -2.4% | Carnegie raises to hold (sell), target price 145 SEK (150) |
| Medicover | -3.1% | Acquires Polish fitness operator Cityfit for 1.4 billion SEK |
| Fabege | -3.3% | John Fredriksen surpasses Backahill as largest shareholder |
| Atrium Ljungberg | -3.4% | Trades after 5:1 split |
| EQT | -4.2% | Morgan Stanley downgrades to neutral (overweight), target price 249 SEK |
| Castellum | -4.9% | CEO Joacim Sjöberg plans to resign by 2026 |
| Stenhus | -8.7% | Öresund’s representative leaves board after disagreement |
| Sleep Cycle | -10.5% | Trades ex-dividend of 3 SEK per share |
The Swedish stock market experienced a significant downturn today, with various factors contributing to the overall negative sentiment. Investors were particularly concerned about the economic impact of rising inflation and interest rates, as well as ongoing geopolitical tensions in various regions.
Alfa Laval, a leading provider of heat transfer, separation, and fluid handling solutions, saw its stock price decline by 1.4% following UBS’s decision to raise its rating to neutral (sell). This change in recommendation raised questions among investors about the company’s growth prospects and competitive positioning in the market.
SEB, one of Sweden’s largest financial institutions, faced a 1.9% drop in its stock price after Kepler Cheuvreux upgraded its rating to buy (hold) with a target price of 161 SEK. This upgrade sparked discussions about the bank’s ability to navigate the current economic environment and deliver value to its shareholders.
JM, a prominent real estate development company, experienced a 2.4% decrease in its stock price as Carnegie raised its rating to hold (sell) with a target price of 145 SEK. This shift in recommendation raised concerns about JM’s future projects and profitability in a challenging market.
Medicover, a healthcare services provider, saw its stock price decline by 3.1% after announcing the acquisition of Polish fitness operator Cityfit for 1.4 billion SEK. Investors were cautious about the strategic rationale behind this acquisition and its potential impact on Medicover’s financial performance.
Fabege, a leading property company, witnessed a 3.3% drop in its stock price as John Fredriksen emerged as the largest shareholder, surpassing Backahill. This development raised questions about Fabege’s corporate governance and long-term strategic direction under new ownership.
Atrium Ljungberg, a real estate company, traded lower by 3.4% following a 5:1 stock split. This corporate action raised concerns among investors about the company’s capital structure and future growth prospects in a competitive market.
EQT, a global investment firm, experienced a 4.2% decline in its stock price after Morgan Stanley downgraded its rating to neutral (overweight) with a target price of 249 SEK. This downgrade prompted discussions about EQT’s investment strategy and its ability to generate returns in a volatile market environment.
Castellum, a real estate company, saw its stock price fall by 4.9% after CEO Joacim Sjöberg expressed his intention to resign by 2026. This announcement raised questions about Castellum’s leadership succession plan and its impact on the company’s strategic direction.
Stenhus, a property development company, witnessed an 8.7% decline in its stock price as Öresund’s representative left the board following a disagreement. This governance issue raised concerns about Stenhus’s decision-making process and its ability to address internal conflicts effectively.
Sleep Cycle, a digital health company, traded lower by 10.5% as it went ex-dividend of 3 SEK per share. This dividend payment raised questions among investors about Sleep Cycle’s cash flow management and its ability to sustain shareholder returns in the future.
Overall, the Swedish stock market faced significant challenges today, with various companies experiencing notable declines in their stock prices. Investors are closely monitoring the evolving economic and geopolitical landscape to assess the potential impact on their investment portfolios and make informed decisions in a volatile market environment.