The Stockholm Stock Exchange continues its positive momentum on Tuesday, setting a new record high for the OMXS30 index just above the 3 100 mark. The performance outpaces that of major European stock exchanges. Quarterly earnings reports remain in the spotlight.

As of 13:25, the OMXS30 index was up 0.46 percent at 3 080.83. Shares worth approximately 10.5 billion kronor had changed hands on the Stockholm Stock Exchange.

Among the exchange's major industrial sectors, telecommunications led the way with a 1.2 percent gain. At the other end of the spectrum, technology lagged behind with a 1.7 percent decline.

Among the leading stocks included in the OMXS30 index, Telia rose 2.3 percent while Volvo B was up 2.2 percent. The worst performer was Alfa Laval, down 3.5 percent, while EQT fell 2.5 percent.

Mining company Boliden climbed 2.3 percent. The company's underlying operating profit increased to 4 061 million kronor from 3 814 million. A regular dividend of 11.0 kronor per share has been proposed, compared to a consensus of 9.65 kronor.

Industrial company Alfa Laval's interim report showed an adjusted EBITA profit of 3 237 million kronor, below expectations of 3 359 million. Revenue, order intake, and dividend were in line with forecasts.

Investment company Kinnevik reported a net asset value of 129.51 kronor at the end of the fourth quarter, compared to 135.56 kronor at the end of the previous quarter. The share dropped 1.4 percent.

IT consulting firm Addnode increased its EBITA result to a record-high 298 million kronor. Revenue met expectations, while the dividend was lower than anticipated. EBITA exceeded forecasts. The share was down 2.9 percent.

Biotech company Biogaia increased its sales and profit in the fourth quarter, according to preliminary figures. The company states that the numbers exceed market expectations. Sales preliminarily rose by 21 percent to 441 million kronor (365), while operating profit increased by 17 percent to 121 million kronor, with an operating margin of 27 percent (28). The share gained 5.8 percent.

Door and window manufacturer Inwido's operating profit was better than expected at 262 million kronor, versus an expected 242 million. The share rose 2.4 percent.

Fasadgruppen increased its adjusted EBITA in the fourth quarter. The board has also decided on a rights issue of approximately 504 million kronor. The share plummeted 22 percent.

Telecom supplier Ericsson is participating in a future tender for an air defense initiative worth about 1 300 billion kronor, linked to Donald Trump's "Golden Dome" project, according to Dagens industri (Di). CEO Börje Ekholm describes the defense sector as a major opportunity but declined to comment on the company's interest in the project. The share rose 0.6 percent.

Bank of America sees an upward turn in the truck cycle and believes there is room for higher profits compared to current consensus for this year. Volvo receives a reiterated buy recommendation with a raised target price of 370 kronor from 330 kronor.

On the analysis front, SEB has downgraded its recommendation on Academedia to sell from hold. The share dropped 1.7 percent.

SEB has initiated coverage on Asker with a hold rating and a target price of 78 kronor. The share fell 1.4 percent.