Stock market roundup
Swedish share prices ended lower on Wednesday, with losses concentrated in the Financials, Healthcare and Basic Materials sectors. At the close in Stockholm, the OMX Stockholm 30 was down 0.49%.
Top and bottom movers
The session's strongest performers on the OMX Stockholm 30 included Alfa Laval AB (ST:ALFA), which advanced 3.18% - a gain of 16.60 points - to finish at 539.20. Tele2 AB (ST:TEL2b) added 0.91% or 1.60 points to close at 177.05, and Addtech (ST:ADDTb) rose 0.74% or 2.40 points to end at 327.20.
On the downside, EQT AB (ST:EQTAB) led declines after falling 6.50%, a loss of 20.50 points, to settle at 295.00. Boliden AB (ST:BOL) dropped 2.88% or 17.20 points to close at 580.80, while Hexagon AB ser. B (ST:HEXAb) fell 1.98% or 1.72 points to 84.98.
Market breadth and activity
Decliners outpaced advancers on the Stockholm Stock Exchange, with 484 stocks lower versus 254 that rose. An additional 63 issues finished unchanged.
Commodities and currency moves
In commodities trading, crude oil for July delivery gained 2.35% - up $2.20 - to $95.96 a barrel. Brent oil for August delivery climbed 2.08% or $2.00 to $98.00 a barrel. By contrast, the August Gold Futures contract fell 1.10%, a decline of $49.81, to trade at $4,470.09 a troy ounce.
On the FX front, EUR/SEK rose 0.71% to 10.91, while USD/SEK increased 0.94% to 9.40. The US Dollar Index Futures traded higher as well, up 0.26% at 99.44.
What this means
The trading day closed with a modest overall decline for Sweden's benchmark index, driven by losses in several key sectors and a small number of notable individual share moves to the downside. Commodity and currency shifts accompanied equity market activity.