Nasdaq Nordic OMX Nordic 40 ends week higher; tariff ruling and Castellum buyback set up Monday trade

February 21, 2026
Nasdaq Nordic OMX Nordic 40 ends week higher; tariff ruling and Castellum buyback set up Monday trade

Stockholm, Feb 21, 2026, 07:49 CET — The market is closed.

Friday saw the OMX Nordic 40 index edge up 0.51% to close at 2,675.12, according to Nasdaq figures. The price index tracks the 40 biggest and most traded stocks listed across Nordic bourses. 1

Trade policy jumped back onto the radar as the U.S. Supreme Court struck down Donald Trump’s broad tariffs, nudging European stocks higher once again, according to Reuters. “It has good elements to it and slightly less good elements, because it will increase this legendary uncertainty that markets, of course, always fear,” said Chris Beauchamp, chief markets strategist at IG. 2

Just ahead of the bell, Sweden’s latest inflation numbers dropped. Statistics Sweden reported that CPIF, the inflation gauge excluding shifts in mortgage rates, slipped to 2.0% in January, down a notch from December’s 2.1%. 3

The OMX Stockholm 30 closed 0.71% higher in Stockholm, topping a new all-time high. Skanska climbed 2.37%, while SKF finished up 2.08%. Evolution dropped 1.11%. H&M slipped 0.84%. 4

Castellum is set to launch a share buy-back program of as much as 3.4 billion Swedish crowns, following deals to sell properties worth 5.6 billion crowns. “Share buy-backs currently represent the most attractive and value-creating use of capital,” CEO Pål Ahlsén said. 5

The OMX Copenhagen 25 ended the session 0.69% higher at 1,816.12, according to Nasdaq index figures. This benchmark, which represents the 25 biggest and most active stocks on Nasdaq Copenhagen, limits the maximum weighting of individual components. 6

The OMX Helsinki 25 in Finland wrapped up 0.63% stronger at 6,113.90, up from the previous close of 6,075.91, according to closing figures. 7

The trade mood is fickle. Nordic industrials and shipping stocks would likely take the first blow if tariffs get a new legal push—or if retaliation signals emerge.

Rate bets are the other pressure point. Property names and debt-heavy firms usually swing quickly if inflation numbers nudge rate outlooks.

Markets remain closed Saturday, leaving Monday’s open on Nasdaq Stockholm, Copenhagen, and Helsinki as the next inflection point. Investors are eyeing whether Friday’s bid sticks—and just how fast the tariff decision starts to shake up new positioning.

Denmark’s statistics office is lining up several releases for Feb. 27, with January’s monthly unemployment numbers among them—one more data point for the Nordic region late in the week. 8

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