Stockholm's OMXS30 index reached a new record high, closing up 0.9% on January 23, 2025, marking its second consecutive record. The broader OMXSPI index also rose by 1.2%. Swedbank and Sandvik emerged as key contributors to the index's performance, with Swedbank reporting stronger-than-expected results and raising its dividend by 43% to SEK 21.70 per share. Sandvik also exceeded expectations with its adjusted EBITA and proposed an increased dividend. Meanwhile, Essity underperformed with a 6.7% decline after reporting weaker-than-expected earnings. Separately, Ericsson's Q4 2024 earnings missed analysts' estimates, with adjusted EBIT at SEK 9.8 billion, below the expected SEK 10.35 billion. Revenue reached SEK 72.91 billion, in line with expectations. Despite raising its dividend to SEK 2.85 per share, Ericsson's shares fell nearly 10% as sales growth in India lagged expectations. However, the company reported strong free cash flow and noted stabilization in North American markets.