OMXS30 closes 81 points lower as SEB weighs
Published on 10/22/2026 at 19:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings and breadth shape losses
- OMXS30 closed at 3,163 points on October 22, down 81 points or 2.5 percent.
- SEB's operating profit missed consensus by 5.2 percent at SEK 9,412 million.
- Telia led gainers with a 4.8 percent rise, while Atlas Copco fell 7.7 percent.
- Volvo Cars and Volvo report third-quarter results on October 23 at 7:00 a.m. CEST.
OMXS30 closed at 3,163 points on October 22, losing 81 points or 2.5 percent. Swedish bank and industrial earnings drove the decline, while oil rose 1.5 percent to USD 98.63, Investing.com reported.
SEB was among the heaviest drags after operating profit came in at SEK 9,412 million, below the SEK 9,924 million consensus. The bank also paused its share-buyback program, according to MarketScreener.
Why did OMXS30 fall?
Industrial and financial stocks led the decline as third-quarter results disappointed investors. Atlas Copco's adjusted operating margin was 21.3 percent, below the 21.5 percent market expectation, while Sandvik's order intake and Machining margin missed expectations, EFN reported.
Telia provided a partial counterweight. Its adjusted EBITDA reached SEK 8.89 billion against an SEK 8.79 billion forecast, and it raised its 2026 EBITDA growth outlook to 3 to 4 percent, Reuters reported.
OMXS30 winners and losers
The winners and losers at the Stockholm close were listed by Investing.com:
- Telia Company up 4.8 percent: raised its 2026 outlook.
- AstraZeneca up 2.4 percent.
- Assa Abloy up 2.3 percent.
- Atlas Copco down 7.7 percent: margin disappointed against expectations.
- SEB down 6.4 percent: operating profit missed consensus.
- Boliden down 6.0 percent.
Decliners outnumbered gainers 453 to 273 on the Stockholm exchange, with 64 stocks unchanged. Basic materials, industrials and financials were the weakest sectors.
Stockholm breadth confirms the selloff
OMXS30 reached a new three-month low as the earnings-heavy session unfolded. At 12:00 p.m. ET, the S&P 500 was down 1.2 percent and the Nasdaq Composite was down 2.2 percent, adding to the weak global equity backdrop, 247 Wall St reported.
What comes next for OMXS30
- October 23, 2026, 7:00 a.m. CEST: Volvo Cars and Volvo publish third-quarter results, dpa-AFX via Ariva reports.
- October 23, 2026, 7:30 a.m. CEST: Saab publishes third-quarter results, dpa-AFX via Ariva reports.
- October 23, 2026, 10:00 a.m. CEST: Flash euro-area purchasing managers' indexes are scheduled, Morningstar reports.
OMXS30 price data for October 22, 2026
OMXS30 closed at 3,163 points on October 22, down 81 points or 2.5 percent versus the October 21 close of 3,244 points, Investing.com reported. The session finished at a new three-month low.
OMXS30 by the numbers on October 22, 2026
- Index: OMXS30
- Home exchange: Nasdaq Stockholm, Sweden
- Close on October 22, 2026: 3,163 points
- Change versus previous close of October 21, 2026: down 81 points (down 2.5 percent)
- Previous close: 3,244 points
- Top gainer: Telia Company up 4.8 percent
- Top loser: Atlas Copco down 7.7 percent
- Next scheduled event: October 23, 2026, 7:00 a.m. CEST: Volvo Cars and Volvo third-quarter results
