Stocks in Sweden closed lower on Monday as sector losses in healthcare, industrials and financials pushed the market down. At the end of trading in Stockholm, the OMX Stockholm 30 registered a 0.33% decline.
Session highlights
Among the 30 components, Telefonaktiebolaget LM Ericsson Class B advanced 2.31%, finishing the session at 112.75. Telia Company AB added 2.24% to close at 46.50, while Evolution AB rose 2.05% to end at 698.00.
On the downside, SAAB AB ser. B led losses with a 3.11% fall to 529.50 at the close. AstraZeneca PLC slipped 1.77% to 1,641.50 and Epiroc AB Class A declined 1.40% to 254.00.
Market breadth on the Stockholm Stock Exchange tilted toward declines, with 385 stocks falling versus 346 advancing and 69 finishing unchanged.
Commodities and currencies
Commodities moved notably during the trading session. Crude oil for August delivery climbed 4.94%, rising by 3.53 to settle at $74.94 a barrel. Brent oil for September delivery increased 5.03%, up 3.82 to $79.83 a barrel. By contrast, the August Gold Futures contract fell 2.21%, a decline of 90.83 to trade at $4,022.87 a troy ounce.
In foreign exchange markets, the euro traded stronger against the krona, with EUR/SEK up 0.33% at 11.04. USD/SEK rose 0.37% to 9.68. The US Dollar Index Futures was up 0.16%, at 100.92.
Takeaway
The day closed with a modest retreat in Sweden's headline index amid concentrated sector weakness and divergent moves in commodities and currencies. Large-cap movers included Ericsson, Telia and Evolution on the upside, and Saab, AstraZeneca and Epiroc on the downside.