Stock trading in Stockholm ended the Wednesday session with the benchmark OMX Stockholm 30 falling 0.19% at the close. The session saw notable sector pressure from Oil & Gas, Telecoms and Consumer Goods stocks.
Top and bottom performers
On an individual basis, AB SKF B (SKFb) finished as one of the strongest names in the index, rising 2.83% - a gain of 6.90 points - to close at 250.90. Svenska Cellulosa SCA AB B (SCAb) also advanced, adding 2.45% or 2.50 points to finish at 102.60. H & M Hennes & Mauritz AB B (HMb) rose 2.29%, up 3.70 points to 165.50 at the close.
Conversely, Telefonaktiebolaget LM Ericsson Class B (ERICb) was the largest decliner among headline names, sliding 4.41% or 5.60 points to end at 121.25. ABB Ltd (ABB) declined 2.05%, down 20.70 points to 986.80, while NIBE Industrier AB ser. B (NIBEb) fell 1.79% or 0.70 points to 37.30.
Market breadth and session internals
Declining issues outnumbered advancing ones on the Stockholm Stock Exchange by 403 to 336, with 65 stocks finishing unchanged. The mix left the blue-chip index slightly lower at the close.
Commodities and FX movements
Energy and precious metals markets moved lower during the session. Crude oil for July delivery fell 4.10% or 3.85 to trade at $90.04 a barrel. Brent oil for August delivery dropped 3.36% or 3.25 to $93.42 a barrel. The August Gold Futures contract declined 1.49% or 67.60 to trade at $4,467.40 a troy ounce.
Currency movements accompanying the session included EUR/SEK, which was down 0.08% at 10.81, and USD/SEK, which fell 0.09% to 9.30. The US Dollar Index Futures was up 0.04% at 99.14.
Session takeaway
The trading day closed with more names in the red than in the green, while commodities and selected majors showed clear weakness. Notable single-stock moves included gains at SKF, SCA and H&M, and declines at Ericsson, ABB and NIBE.