Last updated on 25 de March de 2023
Sweden’s stock market is one of the few that has outperformed the US since 2008. We analyze the 3 most important stock market indices for Sweden.
Sweden is famous for many things, but not its stock market. Despite this, the Scandinavian country is home to some very strong companies, such as Spotify, the greatest success of its technology sector.
Additionally, Sweden has also been one of the countries in Europe that has managed its economy best after both the 2008 and 2020 crises. And results speak for themselves.
The Swedish stock market has been one of the top performers in the world since 2008, outperforming the almighty US stock market, and putting to shame most other European stock markets.
As a result, it is interesting to look at Sweden as a nice place to invest in. For those who would like to do it passively through an ETF, we analyze the 3 most important stock market indices for Sweden:
OMX Stockholm 30
The OMX 30 is the main stock market index of the Swedish stock exchange. Introduced in 1986, it contains the 30 companies with the largest volume of transactions on the Stockholm stock exchange, the Nasdaq Stockholm.
Within the OMS 30, companies are weighted according to their market capitalization adjusted for free float. Consequently, bigger corporations tend to dominate the index.
Some of its most famous companies are Evolution, Ericsson, Nordea Bank, Swedbank, ABB, Volvo and H&M. As you can see, plenty of internationally recognized brands for a country with barely 10 million people.
For additional details about the OMX Stockholm 30, here is the link to the Nasdaq website.
Another option to invest in Sweden is to track the MSCI Sweden stock index, calculated by the US corporation MSCI.
The MSCI Sweden contains all the Swedish corporations that are part of the global MSCI World Stock Index of developed countries.
The number of stocks within the MSCI Sweden varies over time, depending on how many companies meet the criteria to join the MSCI World. This is mainly due to fluctuations in stock prices that put those companies either above or below the market capitalization threshold necessary to be part of the index.
Despite those fluctuation, the MSCI Sweden tens to have about 40 companies. This figure is quite a large figure considering the size of the country. Sweden has almost as many companies in the MSCI World as Germany and France.
You will find more information about the MSCI Sweden on the official MSCI website.
OMX Nordic 40 (Pan-Scandinavian Index)
For those interested in investing not only in Sweden, but in all of Scandinavia, the OMX Nordic 40 index is a good option.
One thing to note is that, although the OMX Nordic 40 index is supposed to include all Scandinavian countries, Norway is not included because the Oslo stock exchange is owned by Euronext.
The stock exchanges in Stockholm, Copenhagen, Helsinki and Reykjavik are all operated by the Nasdaq group.
As a result, when Nasdaq introduced the OMX Nordic 40 in 2006, it only included those countries whose exchanges it owned and operated.
The OMX Nordic 40 includes the most liquid stocks listed in these countries, as well as those with the largest market capitalization.
Some of the most famous non-Swedish companies in the index are Danske Bank, Novo Nordisk, Carlsberg and Nokia.
You can find more information about the OMX Nordic 40 on the Nasdaq website.
I hope you found this little analysis of Sweden’s main stock market indices useful. If so, I encourage you to subscribe to my newsletter:
And if you are interested in learning about stock indices from other countries, check out this section:
Funds and ETF