Swedish equities finished higher on Monday, with broad-based gains driven by the Basic Materials, Industrials and Financials sectors. At the close in Stockholm the OMX Stockholm 30 rose 1.48%, reaching a new one-month high.
The session's strongest performers on the OMXS30 included Boliden AB (ST:BOL), which advanced 4.07% - a rise of 21.80 points - to end at 557.40. Atlas Copco AB Class A (ST:ATCOa) added 2.99%, or 5.30 points, to finish at 182.50. Addtech (ST:ADDTb) climbed 2.82%, gaining 9.60 points to close the day at 350.00.
Not all names participated in the rally. NIBE Industrier AB ser. B (ST:NIBEb) fell 1.64%, a drop of 0.70 points, to close at 39.70. Tele2 AB (ST:TEL2b) declined 1.29%, or 2.35 points, finishing at 180.25. Telia Company AB (ST:TELIA) slipped 0.99%, losing 0.50 points to settle at 50.06.
Market breadth was positive, with rising issues outnumbering decliners on the Stockholm Stock Exchange by 461 to 209, while 52 stocks ended unchanged.
Commodities and currencies
Energy markets saw notable weakness. Crude oil for July delivery fell 5.66%, shedding 5.47 to trade at $91.13 a barrel. Brent oil for August delivery dropped 5.40%, down 5.41 to $94.80 a barrel.
In contrast, the August Gold Futures contract gained 1.05%, an increase of 47.86, to trade at $4,604.26 per troy ounce.
On the currency front, EUR/SEK moved lower, down 0.36% to 10.81, while USD/SEK also fell, retreating 0.70% to 9.29. The US Dollar Index Futures declined 0.26%, trading at 98.93.
The price and percentage moves noted above underscore a session in which cyclicals and materials led the market higher even as energy benchmarks weakened sharply and precious metals strengthened. The mixed performance among individual stocks highlights that index-level gains did not extend to every large-cap constituent.