Stock-market wrap
The OMX Stockholm 30 finished the session up 0.34% as sectors including Oil & Gas, Telecoms and Industrials supported the rise. Despite the index gain, more individual issues ended lower than higher across the exchange.
Top and bottom movers
The strongest performers on the OMX Stockholm 30 were Boliden AB (ST:BOL), SAAB AB ser. B (ST:SAABb) and ABB Ltd (ST:ABB). Boliden closed up 2.39% - a 12.00 point increase - at 514.40. SAAB B added 2.11%, gaining 11.10 points to finish at 536.00, and ABB rose 2.09%, or 19.80 points, to close at 966.20.
On the downside, Hexagon AB ser. B (ST:HEXAb) led decliners, sliding 2.48% or 2.00 points to 78.66 at the close. Svenska Cellulosa SCA AB B (ST:SCAb) fell 1.78%, down 1.80 points to end at 98.60, while EQT AB (ST:EQTAB) dropped 1.51% or 4.30 points to 281.30.
Market breadth and participation
Declining issues outnumbered advancing ones on the Stockholm Stock Exchange, with 406 stocks lower and 316 higher at the close. A further 59 securities finished unchanged, indicating a market where individual winners coexisted with a larger share of laggards despite the modest index gain.
Commodities and currencies
Energy and precious-metal contracts showed mixed direction. Crude oil for July delivery rose 0.89%, or $0.80, to settle at $90.83 per barrel. Brent for August increased 0.47%, up $0.44, to $93.54 per barrel. The August Gold Futures contract eased 0.53%, a decline of $22.00, to trade at $4,111.30 a troy ounce.
In currency trading, the euro strengthened against the krona with EUR/SEK up 0.12% to 11.00, and the dollar climbed against the krona as USD/SEK rose 0.29% to 9.55. The US Dollar Index Futures was higher as well, up 0.30% at 100.23.
Takeaway
The close left the OMX Stockholm 30 marginally higher, driven by gains in resource and industrial names, while market breadth suggested a greater number of individual stocks retreated. Commodity and FX moves were mixed, with oil and the dollar posting gains and gold retreating.