Boozt AB shares climbed sharply on Tuesday morning after the online fashion retailer reported stronger-than-expected quarterly results and raised its full-year guidance.
The positive update provided a key catalyst for the Stockholm Stock Exchange, which opened higher with several engineering companies also leading the gains.
The retailer's improved outlook signals resilience in consumer spending despite broader economic headwinds.
Investors responded positively to the combination of robust current-quarter performance and the management's increased confidence in the remainder of the year.
The stock's momentum helped set a constructive tone for the broader market session.
This development follows a week of mixed sentiment on the Swedish exchange.