OMXS 30, OBX 25, & OMXH 25 Forecast – Scandinavian Indices Look Strong

The indices in Scandinavia continue to look strong, offering a back‑door way to play European strength. Sweden, Norway and Finland each have their own drivers and risks, making these markets interesting for diversification.

OMXS 30 (Stockholm)

The Swedish OMXS 30 index has shown itself slightly positive. It pulled back on Tuesday after Monday’s breakout, hanging around the 3 100 Swedish krona level. A short‑term pullback could offer value chasing. Sweden is a good way to play the periphery of Europe: it follows the EU but is driven by banking, industrial engineering and global trade. Sitting above the 3 000‑krona level, it now looks to build on previous gains.

Source: TradingView

Oslo Børs Benchmark Index (OBX 25)

In Oslo the OBX 25 shows signs of weakness early in the day but has turned around to show signs of life. This index is highly sensitive to energy prices. Crude oil and natural gas sliding a bit early in the session caused weakness, but it continues to grind higher. The rest of Europe may drag it along with it, but Oslo is likely to be one of the laggards in Scandinavia.

Source: TradingView

OMXH 25 (Helsinki)

The OMX Helsinki 25 in Finland is driven mainly by technology (such as Nokia) and materials. The market is consolidating, looking like one that is trying to build momentum to break out. If it can clear resistance, Helsinki should continue its overall uptrend. The 50‑day EMA has offered support and it’s likely only a matter of time before momentum continues, especially with the ECB holding rates steady.

Source: TradingView