The Stockholm Stock Exchange is falling sharply at the opening bell against the backdrop of the escalating situation in the Middle East. Several countries in the region have announced production cuts, and Brent crude is currently trading at approximately 107 dollars per barrel, a 15 percent increase since Friday. Reports are also circulating that G7 nations will meet today to discuss a coordinated release of strategic oil reserves.

After just over ten minutes of trading, the OMXS30 index was down 2.56 percent to 2,960.67. During the day, the index has moved within a range of -3.15 percent at its lowest and -2.34 percent at its highest.

The broader OMXSPI was down 2.36 percent.

StockPrice ChangeComment
Hoist1.4%Dagens Industri recommends buy
Sectra1.0%SEB raises to buy from hold
Essity-1.1%Handelsbanken initiates with buy
Rejlers-1.1%SB1 initiates coverage with buy
Röko-1.6%CEO Fredrik Karlsson replaced by CFO Johan Bladh; Karlsson remains operational within the company
Terranor-1.7%Swedish Transport Administration intends to award the company a contract in Malmö worth 227 million SEK
Sweco-1.8%SB1 initiates coverage with buy
Afry-2.0%SB1 initiates coverage with neutral
Studsvik-2.1%Acquires Kärnfull Next for 6.5 million EUR
Nolato-2.3%Aktiespararna recommends buy
Lundin Mining-7.3%JP Morgan cuts to underweight from neutral
Powercell-43.2%Media reports suggest the company is selling hydrogen systems despite internal warnings of technical flaws