The development was better than that on leading European stock exchanges. The spotlight is on Akelius increasing its stake in Castellum.

During the afternoon, US President Donald Trump signed off on recommending tariffs of 50% for the EU starting June 1, causing the markets to fall.

At closing, the OMXS30 index was down 0.88% to 2,479.56. Stocks worth about 20.7 billion SEK were traded on the Stockholm Stock Exchange.

The best performance among the larger industrial sectors on the stock exchange was energy, with an increase of 0.7%. On the other end of the scale, telecommunications was at the bottom with a 1.5% decrease.

Among the leading stocks included in the OMXS30 index, SBB B rose by 2.8% while Boliden was up 1.2%. The worst performance was seen in Getinge with a 2.8% decrease, while Nibe was down 2.5%.

Major shareholder Akelius Apartments has increased its holdings by approximately 4.46 million shares in the property company Castellum, owning about 98.7 million shares as of May 22. This corresponds to just over 20% of the capital and votes. Earlier in the month, Akelius raised its flag to over 15%. Castellum also received an upgraded credit rating to Baa2 from Moody’s. The stock rose by 1.9%.

The Persson family’s holding company, Ramsbury Invest, purchased 4.25 million B-shares in the fashion company H&M from May 20 to 22. The shares were bought at an average price of 140.69 SEK per share, totaling a transaction of 597.9 million SEK. The deal was made on Nasdaq Stockholm. The stock fell by 0.4%.

Measurement technology company Hexagon is considering selling its simulation software business, formerly known as MSC Software. This was reported by sources familiar with the matter, according to Bloomberg. The stock rose by 0.1%.

Investment company VEF has sold its remaining stake in the Indian portfolio company Blackbuck, a trucking platform in India. Blackbuck was listed on the stock exchange in November 2024. VEF sold 40% of its stake in the IPO and received 2 million dollars in gross proceeds. The stock fell by 1.7%.

Biotechnology company Bico announced that Marius Balger, Chief Operating Officer, has decided to leave his role to pursue new challenges outside the company. Balger joined Bico in March 2023 and has since been the COO and a member of the executive management team. The stock increased by 8.5%.

Real estate company Nivika’s board has decided to utilize the authorization from the annual general meeting on May 8 to repurchase its own shares. Nivika will repurchase its own shares for an amount of up to 100 million SEK starting on May 26 until March 30 next year. The stock rose by 1.5%.

Telecommunications company Doro reported increased revenue and improved operating profit in the first quarter of 2025 compared to the same quarter last year. The stock fell by 0.9%.

Nordea raises Thule to buy from hold with a target price of 315 SEK. Thule rose by 2%.

Handelsbanken raises Traton to buy from hold and increases the target price to 38 euros from 32. Traton rose by 0.3%.

Kepler Cheuvreux downgrades Tele2 to hold from buy and raises the target price to 150 SEK from 137. The stock fell by 0.8%.

Overall, the Stockholm Stock Exchange saw a mix of positive and negative movements in various sectors and companies, reflecting the dynamic nature of the market and the influence of external factors such as political decisions and corporate developments. Investors will continue to monitor these trends and adjust their strategies accordingly to navigate the ever-changing landscape of the stock market.

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