Sweden's main equity gauge ended the trading day in negative territory on Tuesday, with the OMX Stockholm 30 down 1.41% at the close in Stockholm. The market's retreat was driven by declines across several heavyweight sectors, notably Industrials, Basic Materials and Financials.
Top and bottom performers
Among constituents of the OMX Stockholm 30, AstraZeneca PLC (ST:AZN) recorded the session's largest gain, rising 2.83%, or 48.00 points, to finish at 1,745.00. Essity AB B (ST:ESSITYb) climbed 0.75%, or 2.00 points, to close at 270.40, while Telia Company AB (ST:TELIA) advanced 0.67%, or 0.33 points, to 49.42.
On the downside, Epiroc AB Class A (ST:EPIRa) was the weakest performer on the index, sliding 4.87%, or 13.50 points, to end at 263.50. Boliden AB (ST:BOL) fell 3.10%, or 17.60 points, to close at 550.00, and Sandvik AB (ST:SAND) lost 2.96%, or 12.00 points, finishing at 393.00.
Breadth and market context
Decliners substantially outnumbered advancers on the Stockholm Stock Exchange, with 477 stocks falling versus 250 rising. A further 64 issues were unchanged at the close.
Commodities and currencies
Energy and metal markets tracked lower during the session. Crude oil for August delivery slipped 1.07%, or 0.79, to trade at $73.07 a barrel. Brent crude for September delivery declined 1.01%, or 0.78, to $76.74 a barrel. Precious metals also eased, with the August Gold Futures contract down 1.10%, or 46.38, to $4,156.32 a troy ounce.
Currency markets showed notable moves against the Swedish krona. The euro rose 0.87% versus the krona to 11.08 EUR/SEK, while the dollar strengthened 1.26% to 9.73 USD/SEK. The US Dollar Index Futures was quoted up 0.34% at 101.14.
Implications
The session reflected broad-based selling pressure, with key industrial and materials names among the weakest spots on the index. At the same time, select healthcare and consumer names posted modest gains, providing limited support to the benchmark.
Market snapshot
- OMX Stockholm 30: -1.41% at close
- AstraZeneca PLC (ST:AZN): +2.83% to 1,745.00
- Essity AB B (ST:ESSITYb): +0.75% to 270.40
- Telia Company AB (ST:TELIA): +0.67% to 49.42
- Epiroc AB Class A (ST:EPIRa): -4.87% to 263.50
- Boliden AB (ST:BOL): -3.10% to 550.00
- Sandvik AB (ST:SAND): -2.96% to 393.00
- Crude oil (Aug): $73.07 per barrel, -1.07%
- Brent (Sep): $76.74 per barrel, -1.01%
- Gold (Aug futures): $4,156.32 per troy ounce, -1.10%
- EUR/SEK: 11.08, +0.87%
- USD/SEK: 9.73, +1.26%
- US Dollar Index Futures: 101.14, +0.34%