OMXS30 loses 29 points as Nordea drags at midday
Published on 10/15/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRates and earnings pressure
- OMXS30 stood at 3,247 points at noon on October 15, down 29 points or 0.9 percent.
- Ericsson's adjusted EBITDA beat estimates by 28 percent, but chip-linked shares fell sharply.
- Ericsson led gainers at 10.4 percent, while Nordea fell 6.8 percent.
- U.S. retail sales, PPI and jobless claims are due at 2:30 p.m. CEST.
The OMXS30 lost 29 points, or 0.9 percent, to 3,247 points at noon on October 15, according to Placera. Ericsson's adjusted EBITDA beat estimates by 28 percent, but chip-linked shares fell sharply across Europe.
Ericsson was the main bright spot, rising 10.4 percent after quarterly sales and adjusted earnings exceeded expectations. Nordea's results were broadly in line, but its decision to pause buybacks after discussions with the European Central Bank weighed on the stock.
Why is the OMXS30 down at midday?
The index followed sharp declines in Tokyo and Seoul after hotter-than-expected U.S. inflation data on Wednesday. Semiconductor-related selling spread to Swedish industrial stocks as markets assessed the risk that higher rates could slow artificial-intelligence infrastructure spending, Placera reports.
Nordea fell 6.8 percent after its third-quarter release. Operating profit was EUR 1.5 billion, down 4 percent from a year earlier, while the bank maintained its 2026 return-on-equity guidance above 15 percent, Nordea said.
Winners and losers in the OMXS30
Midday winners and losers on October 15 were reported by Placera:
- Ericsson up 10.4 percent: quarterly earnings beat estimates.
- Telia up 4.7 percent: Deutsche Bank raised the stock to buy.
- Tele2 up 2.5 percent: Deutsche Bank repeated its hold rating.
- Nordea down 6.8 percent: the buyback pause raised capital concerns.
- Atlas Copco down 4.9 percent: semiconductor-related selling hit industrial suppliers.
- ABB down 4.4 percent: the global technology selloff pressured the stock.
Course and sector pressure at noon
Technology-linked industrial shares led the decline, while telecommunications outperformed. Trading turnover across Stockholm reached SEK 11 billion by noon, with the index still below the previous close of 3,276.27 points.
What comes next for the OMXS30
The next major test arrives on October 15 at 2:30 p.m. CEST, when U.S. retail sales, producer prices and initial jobless claims are due. Consensus calls for retail sales to rise 0.3 percent, PPI to increase 0.5 percent and claims to reach 195,000, Investing.com reports.
