OMXS30 steadies after Volvo Cars shock at 3,163 points

OMXS30 was little changed at 3,163 points at 12:21 p.m. CEST on October 23, up 0 points or 0.0 percent. A report-heavy morning produced mixed results across Swedish industrial and defense companies.

Volvo Cars reported a third-quarter operating loss and announced SEK 5 billion in additional savings, including 2,500 job cuts, Placera reported. The company is not an OMXS30 constituent, but its report shaped the morning's Swedish auto headlines.

Mixed earnings leave OMXS30 near unchanged

Sandvik gained 3.0 percent earlier after its quarterly report, while Lifco fell nearly 10 percent after its results. Hexagon also traded higher after revenue and operating profit exceeded expectations, Placera reported.

Saab reported revenue and operating profit above expectations. Its order intake reached SEK 66 billion, compared with an expected SEK 59 billion, the same report said.

What is next for OMXS30 this afternoon?

• October 23, 2026, 3:45 p.m. CEST: US preliminary services and manufacturing purchasing managers' indexes, Placera reports.
• October 23, 2026, 4:00 p.m. CEST: ECB Executive Board member Piero Cipollone is scheduled to speak, Placera reports.

OMXS30 price data for October 23, 2026

OMXS30 stood at 3,162.88 points at 12:21 p.m. CEST on October 23, according to MarketScreener. It was up 0.10 point, rounded to 0 points, or 0.0 percent, from the October 22 close of 3,162.78 points.

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