Stocks in Sweden ended Tuesday's session on a positive note as sector strength in Industrials, Technology and Consumer Services supported gains across the market.
At the close in Stockholm, the OMX Stockholm 30 was up 0.23%.
Top performers
- Alfa Laval AB (ST:ALFA) led gains on the index, rising 2.91% - a 15.40 point increase - to finish at 543.80.
- Atlas Copco AB Class A (ST:ATCOa) added 2.34%, or 4.40 points, to end the day at 192.60.
- ABB Ltd (ST:ABB) advanced 1.64%, gaining 16.00 points to close at 990.80.
Largest decliners
- Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) fell 4.19%, a decline of 4.80 points, to finish at 109.75.
- Tele2 AB (ST:TEL2b) slipped 2.00%, down 3.60 points, to end at 176.85.
- NIBE Industrier AB ser. B (ST:NIBEb) was down 1.13%, a 0.40 point fall, to 36.00 at the close.
Market breadth was skewed toward declines: 485 issues fell versus 248 that advanced, while 60 stocks finished unchanged on the Stockholm bourse.
Commodities and currencies
Energy markets moved sharply lower during the session. Crude oil for July delivery fell 5.83%, a drop of 4.71, settling at $76.04 a barrel. Brent for August delivery fell 5.05%, down 4.20, to $78.97 a barrel.
Precious metals saw a small gain as the August Gold Futures contract rose 0.14%, or 5.91, to trade at $4,357.51 a troy ounce.
In currency markets, the euro slipped versus the Swedish krona with EUR/SEK down 0.12% to 10.87. The dollar also eased against the krona, with USD/SEK down 0.33% to 9.36. The US Dollar Index Futures was lower by 0.14% at 99.24.
Overall, the session combined pocketed gains among several large industrial and technology names with a broader participation that favoured decliners. Commodity moves were notable for steep weakness in oil while gold posted a modest rise.