Sweden's stock market closed lower on Tuesday, with the OMX Stockholm 30 down 0.93% at the end of trade in Stockholm as weakness in the Industrials, Basic Materials and Financials sectors pulled the index lower.
Among the heavyweight names on the OMX Stockholm 30, AstraZeneca PLC (ST:AZN) finished as the session's top performer, rising 2.81% - gaining 51.00 points to settle at 1,864.00. Essity AB B (ST:ESSITYb) added 2.29%, an increase of 6.30 points to close at 282.00, while SAAB AB ser. B (ST:SAABb) climbed 2.09%, up 12.30 points to finish at 600.00.
On the downside, Sandvik AB (ST:SAND) recorded the steepest decline among the major movers, sliding 4.60% or 18.70 points to end at 387.90. ABB Ltd (ST:ABB) declined 3.85%, losing 40.00 points to close at 1,000.00, and Alfa Laval AB (ST:ALFA) fell 3.36%, down 19.60 points to 563.60 at the close.
Market breadth in Stockholm favored falling issues: 458 stocks closed lower against 265 advancers, while 72 issues finished unchanged.
Commodities trading showed notable moves during the session. Crude oil for August delivery rose 2.58%, gaining 1.77 to trade at $70.32 per barrel. Brent oil for September delivery climbed 2.69%, up 1.94 to $73.93 per barrel. By contrast, the August Gold Futures contract slipped 0.46%, down 19.11 to trade at $4,148.39 a troy ounce.
Currency pairs involving the Swedish krona also moved: EUR/SEK appreciated 0.41% to 11.05, while USD/SEK strengthened by 0.54% to 9.67. The US Dollar Index Futures was firmer as well, up 0.12% at 100.74.
Overall, the trading day in Stockholm was characterized by a concentration of losses in industrial and material-related names and selective strength among healthcare and consumer-related stocks. The advance-decline spread and the day's commodity and currency moves provided additional context to the index decline.
Below are the key points and risks drawn from the session's data.