OMXS30 drops 64 points as SEB weighs at midday

OMXS30 fell 64 points, or 2.0 percent, to 3,180 points before 1:00 p.m. CEST on October 22. Swedish bank and industrial earnings pressured the index, with SEB reporting operating profit of SEK 9,412 million against SEK 9,719 million expected.

Telia rose 5.3 percent after lifting its adjusted EBITDA growth outlook to 3 percent to 4 percent. SEB fell 5.1 percent after its earnings miss and decision to pause additional share buybacks, while Sandvik lost 4.0 percent despite stronger-than-expected quarterly revenue and adjusted EBITA, Placera reported.

Why is OMXS30 down today?

The decline followed a heavy earnings flow. SEB said its operating profit and revenue were below analysts' expectations, while its board paused further buybacks because of lending growth and temporarily higher capital requirements, MarketScreener reported.

OMXS30 movers at midday

Telia led the upside after raising its full-year adjusted EBITDA growth forecast. Sandvik and SEB led declines among the major stocks cited in the midday market update, while energy gained 1.3 percent and raw materials fell 2.2 percent earlier in the session, Placera reported.

What comes next for OMXS30

• October 23, 2026, 7:20 a.m. CEST: Volvo is scheduled to release third-quarter earnings, MarketScreener lists.
• October 23, 2026, 7:30 a.m. CEST: Evolution and Saab are scheduled to publish quarterly results, the same calendar shows.
• October 23, 2026, 9:30 a.m. CEST: Germany's preliminary manufacturing and services purchasing managers' indexes are due, with eurozone data at 10:00 a.m. CEST.

OMXS30 price data for October 22, 2026

OMXS30 stood at 3,180 points before 1:00 p.m. CEST on October 22, Placera reported. The index was down 64 points, or 2.0 percent, from the previous close of 3,244 points on October 21.

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