Stockholm - Sweden's stock market finished the trading day in positive territory on Wednesday, with visibly stronger performance in Basic Materials, Industrials and Financials helping push the benchmark higher.
At the close in Stockholm, the OMX Stockholm 30 index was up 1.24%.
Top movers
The standout on the OMX Stockholm 30 was Boliden AB (ST:BOL), which climbed 5.11% - an increase of 25.40 points - to end the session at 522.20. Sandvik AB (ST:SAND) added 2.72%, gaining 9.80 points to finish at 370.40, while Hexagon AB ser. B (ST:HEXAb) rose 2.20%, or 2.30 points, to close at 106.90.
Lagging stocks
On the downside, NIBE Industrier AB ser. B (ST:NIBEb) slipped 0.53%, a loss of 0.20 points, to trade at 39.80 at the close. Svenska Cellulosa SCA AB B (ST:SCAb) declined 0.32% or 0.30 points to end at 99.10, and Essity AB B (ST:ESSITYb) fell 0.31%, or 0.80 points, to 253.60.
Market breadth
Advancers outnumbered decliners on the Stockholm Stock Exchange, with 478 rising issues compared with 257 that fell. A total of 64 stocks finished unchanged.
Commodities and currencies
Energy futures moved lower during the session. Crude oil for July delivery fell 5.07%, down $5.29 to $99.09 a barrel. Brent oil for July delivery dropped 5.75%, or $6.45, to $105.65 a barrel. Gold also eased: the June Gold Futures contract was down 0.56%, a decline of $25.66, to trade at $4,532.34 a troy ounce.
In foreign exchange trading, EUR/SEK was down 0.58% at 10.85, and USD/SEK fell 0.71% to 9.33. The US Dollar Index Futures decreased 0.04% to 99.07.
Outlook notes
The session closed with gains concentrated in materials, industrial and financial stocks, while energy futures and some safe-haven metals retreated. Market breadth favored advancing issues on the day.