Stock Markets April 23, 2026 12:00 PM

Stock gains in Stockholm close with modest advance as ABB hits record high

OMX Stockholm 30 edges up 0.09% as Oil & Gas, Technology and Consumer Services lead; breadth shows more decliners than advancers

By Derek Hwang
Stock gains in Stockholm close with modest advance as ABB hits record high

Swedish equities closed modestly higher on Thursday, with the OMX Stockholm 30 rising 0.09%. Gains in Oil & Gas, Technology and Consumer Services underpinned the advance, while breadth was negative as decliners outnumbered advancers. ABB reached a record intraday level as oil and Brent prices climbed and gold futures fell.

Key Points

  • OMX Stockholm 30 rose 0.09% at the close, led by gains in Oil & Gas, Technology and Consumer Services sectors.
  • Top gainers included SAAB AB ser. B, Telia Company AB and ABB Ltd; ABB reached an all-time high at 920.00.
  • Market breadth was negative: 455 stocks fell, 260 advanced and 70 were unchanged; commodities saw oil rise while gold futures declined.

Summary: Sweden's main equity gauge ended Thursday slightly in the green, led by strength in the Oil & Gas, Technology and Consumer Services sectors. The OMX Stockholm 30 closed up 0.09% as several large-cap names posted notable moves. Market breadth, however, skewed toward decliners.


At the close in Stockholm, the OMX Stockholm 30 registered a gain of 0.09%.

Top performers on the OMX Stockholm 30

  • SAAB AB ser. B (ST:SAABb) climbed 3.81% - a rise of 21.50 points - to finish at 586.30.
  • Telia Company AB (ST:TELIA) added 2.26%, or 1.05 points, to close at 47.59.
  • ABB Ltd (ST:ABB) rose 2.20%, up 19.80 points, to 920.00 in late trading.

Largest decliners

  • EQT AB (ST:EQTAB) fell 2.16%, a decline of 7.00 points, to end at 317.30.
  • Svenska Handelsbanken AB A (ST:SHBa) dropped 1.56%, or 2.05 points, closing at 129.75.
  • Swedbank AB ser A (ST:SWEDa) was down 1.37%, losing 4.50 points to finish at 323.20.

On the Stockholm Stock Exchange overall, falling issues outnumbered advancing ones by 455 to 260, while 70 stocks ended unchanged, reflecting a broader market tilt lower despite the headline index gain.

Shares of ABB Ltd (ST:ABB) advanced to an all-time high during the session, closing up 2.20% or 19.80 points at 920.00.


Commodities and currencies

In commodity markets, crude oil for June delivery rose 1.66%, increasing by $1.54 to $94.50 per barrel. Brent oil for June delivery gained 1.72%, or $1.75, reaching $103.66 a barrel. The June Gold Futures contract moved lower, falling 0.35% or $16.86 to trade at $4,736.14 a troy ounce.

Currency moves included EUR/SEK up 0.20% to 10.79 and USD/SEK higher by 0.20% at 9.22. The US Dollar Index Futures rose 0.05% to 98.46.


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Market participants will be watching whether the mixed breadth and moves in commodities and currencies lead to further rotation across sectors in coming sessions.

Risks

  • Negative market breadth with 455 decliners versus 260 advancers suggests underlying weakness despite the index gain - impacts broad equity market and banking sectors.
  • Volatility in commodity prices, with crude and Brent oil rising while gold futures fell, could affect energy, industrials and materials sectors.
  • Currency fluctuations (EUR/SEK and USD/SEK each up 0.20%) and a firmer US Dollar Index may influence exporters and importers, affecting sector profitability.

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