The Stockholm Stock Exchange has climbed further on Friday, building on its initial gains. The rally is being fueled by hopes of progress in the peace process between Ukraine and Russia.

Otherwise, significant focus remained on the other regional conflict, the Iran war. U.S. President Donald Trump has warned Iran against levying fees on oil tankers in the Strait of Hormuz and called for an immediate cessation of such activities. The statement increases pressure on the fragile ceasefire between the countries that began less than two days ago. Brent crude is up 1 percent.

At around 12:17 PM, the OMXS30 index was up 1.15 percent at 3,114.60. Shares worth approximately 7.0 billion kronor had changed hands on the Stockholm Stock Exchange.

The best performance among the major industrial sectors was technology, with a rise of 2 percent. At the other end of the scale, energy trailed the market, falling 2.5 percent.

Among the leading shares included in the OMXS30 index, Skanska B rose 2.6 percent while SKF B was up 2.4 percent. The weakest performance was seen in Saab B, down 2.2 percent, while Ericsson B declined 0.8 percent.

Mining company Boliden is taking a 700 million kronor impairment charge for its Garpenberg mine in its first-quarter results. This follows damage caused by unusual seismic activity at the mine in March. Boliden reiterated its assessment that the production halt will have a negative impact on EBITDA of 400 million kronor for the quarter. Boliden's shares are up 0.6 percent.

Sector peer Lundin Gold increased gold production at its Fruta del Norte mine in Ecuador during the first quarter. Gold production amounted to 119,742 ounces, compared to 117,313 ounces in the same quarter last year. In the fourth quarter, production stood at 199,483 ounces. Gold sales were simultaneously lower at 115,308 ounces (117,641). The company stated it is well on track to meet its 2026 production guidance of 475,000 to 525,000 ounces of gold. Lundin Gold is up 0.2 percent.

At the opening, investment company Industrivärden reported its Q1 figures. Net asset value was 472 kronor per share as of March 31. The C-share was up 2.2 percent.

Home automation company Plejd reported significantly higher revenue and EBITDA in Q1. The company also announced that it will not move from the Spotlight Stock Market to the Nasdaq Stockholm main list until 2027. Plejd is surging 13 percent.

European defense companies are falling on reports of progress in the Ukrainian peace process. In the sector, Saab was down 2.3 percent while Mildef is dropping 2.7 percent.

Citi sees a slowing order trend for trucks in Europe following Traton's analyst call on Thursday, according to Dagens industri. The trend is particularly visible among Scania's customers and smaller haulage firms. Operators appear to be holding back on purchases as rising fuel costs following the Middle East war squeeze profitability. Traton, which owns Scania, is up 1.1 percent.

Real estate company Atrium Ljungberg reported rental income and income from property management for the first quarter of 2026 in line with analyst expectations. The stock is falling 5.4 percent.

Construction group Skanska has signed a contract to build a high-tech facility in the USA worth 1.3 billion kronor.

Industrial company Engcon's CEO Krister Blomgren is stepping down after 15 years. The board has appointed the company's founder, Stig Engström, as the new CEO. Engcon is down 1 percent.

On the analyst front, several rating changes were noted.

ABG Sundal Collier upgrades New Wave to Buy (Hold), reiterating a target price of 115 kronor. The stock is rising 3.7 percent.

SEB downgrades Synsam to Hold (Buy), reiterating a target price of 70 kronor. The stock is falling 3.2 percent.

SEB and Pareto Securities both upgrade Instalco to Buy. The stock is rising 3.6 percent.

SEB downgrades Cint to Hold (Buy), reiterating a target price of 4.50 kronor. The stock is up 0.6 percent.

Handelsbanken downgrades Getinge to Hold (Buy), with a target price of 205 kronor (225). The stock is retreating 0.3 percent.

DNB Carnegie downgrades Hexpol to Hold (Buy), with a target price of 82 kronor (87). Hexpol shares are up 1.1 percent.