Swedish Stock Market Rises; OMXS30 Up 1.0% as Gerald Engström's Systemair Surges and Hexagon Announces Leadership Changes

The Swedish stock market continued its upward trend, with the OMXS30 index rising by 1.0% on December 3, 2024, marking the fifth consecutive day of gains. Analysts noted that the market is responding positively, with expectations for improvement in the industrial sector by 2025, as stated by DNB's Mattias Holmberg. He highlighted Swedish companies that may be affected by tariffs imposed by Donald Trump. In corporate news, Ola Rollén announced his departure as chairman of Hexagon in 2026, with Björn Rosengren, former CEO of ABB, proposed as the new vice chairman and future chairman. Additionally, Gerald Engström's shares in Systemair surged by nearly one billion SEK following a strong earnings report, while Rosengren has invested over 30 million SEK in Hexagon. The OMXSPI index also closed up by 0.9% on December 4, 2024.