Despite playing in strong wind and heavy rain, Parnevik shot a second successive 67 for a 36-hole aggregate of 134, two strokes ahead of Barry Lane and New Zealand's Michael Campbell.
Parnevik still has an outside chance of making the European Ryder Cup team to play the United States in Rochester, New York, next month, but he is not very optimistic. "I would have to win the tournament here and the USPGA Championship next week to get enough points to be an automatic selection.
"I would very much like to be in the team," he said, "but I think my only chance is being one of the two picked, and that is up to Bernard Gallacher [the European team captain].
Victory in Malmo would give Lane enough points for automatic selection for the Ryder Cup team, although he believes his swing is still not as good as he would like it to be.
Campbell, who finished third in the Open at St Andrews last month, is looking in good enough form to win, but the Open champion, John Daly, only just squeezed into the final two rounds on the last qualifying score of 145 - one over par - with his second-round 74.
Daly also had to suffer the weather, and after 13 holes needed two birdies in the last five holes to qualify. However, he did it in style with birdies at the 14th and 16th, and later said that, considering the wind and rain, the holes from six to 11 were the toughest he had ever played. "I had my fifth bogey on the 12th," he said. "And I knew then what I had to do. It was tough, but I'm pleased I pulled it off."
Ian Woosnam and Colin Montgomerie are also in contention. Woosnam shot 71 for 138 and is four shots off the pace, while Montgomerie, with a 69 yesterday, is on 139.
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