The Stockholm stock exchange ended Tuesday with a decline, which was in line with developments on the leading European stock exchanges. On the domestic front, Rusta released its report for the fourth quarter.
The focus remained on developments in the conflict between Israel and Iran. In the afternoon, new macro figures were released showing that retail sales in the US fell 0.9 percent, which was more than expected on a monthly basis in May. At the same time, import prices remained unchanged.
At closing, the OMXS30 index was down 0.96 percent to 2,461.40. Shares worth approximately SEK 17.9 billion were traded on the Stockholm Stock Exchange.
The best performance among the stock market's major industrial sectors was energy, with an increase of 3.3 percent. At the other end of the scale, healthcare was at the bottom with a decline of 1.6 percent.
Among the leading stocks included in the OMXS30 index, Saab rose 3.6 percent, while SBB B was up 1.3 percent. Boliden performed worst, down 4.0 percent, while H&M was down 2.6 percent.
Defense company Saab rose on the stock market after receiving an order from the Swedish Defense Materiel Administration (FMV) for several Giraffe 4A radar systems and related services for the Swedish Armed Forces. The order is worth SEK 1.4 billion.
On the real estate front, Castellum rose about 1.3 percent on news that the company is making a major deal with Corem and buying five properties for a total of SEK 1,740 million before deduction of deferred tax. The properties are located in Uppsala, Örebro, and Linköping. Corem's share rose 2 percent.
As a sneak preview of the reporting season, low-price chain Rusta released its fourth-quarter report, which showed a reduced EBITA loss. At the same time, the board proposed that the ordinary dividend be increased to SEK 1.45 from SEK 1.15. The share rose 8 percent.
Measurement technology company Hexagon is now launching AEON, a humanoid robot for industrial use. The robot is being launched at the Hexagon LIVE Global event. Hexagon is collaborating with Schaeffler and Pilatus to test AEON in manipulation, machine maintenance, component inspection, and reality capture. The share rose 0.8 percent.
Everysport jumped 24 percent. The background is that Vorward Partners has made an offer of SEK 24 per share with a bid premium of 25 percent for Everysport. The independent bid committee at Everysport unanimously recommends that shareholders accept the offer. The bid values the company at approximately SEK 150 million.
On the analysis front, DNB Carnegie has downgraded Lundin Mining to hold from buy and reiterated its target price of SEK 97. The share fell 2.2 percent.
Furthermore, Arctic has initiated coverage with a buy recommendation for logistics property company SLP with a target price of SEK 46. The share fell by 0.6 percent.
Aktiespararna has issued a buy recommendation for AAK, which fell 0.5 percent.
Kepler Cheuvreux has lowered ABB to hold from buy and reiterated its target price of 50 Swiss francs. The share fell 2 percent.
Decline on the Stockholm Stock Exchange, OMXS30 index fell 1 percent
Published on 17/06/2025 at 23:39
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