Swedish equities finished the trading session higher on Friday, driven by strength in Basic Materials, Financials and Industrials. At the close in Stockholm, the OMX Stockholm 30 gained 0.99% and registered a new one-month high.
Among components of the OMX Stockholm 30, Industrivarden, AB ser. C (ST:INDUc) delivered the largest advance, rising 2.65% - an increase of 12.90 points - to settle at 499.30. Addtech (ST:ADDTb) and Epiroc AB Class A (ST:EPIRa) also outperformed, adding 2.59% (8.20 points) to end at 324.80 and 2.51% (6.30 points) to finish at 256.80, respectively.
On the downside, SAAB AB ser. B (ST:SAABb) posted the heaviest loss among the index names, slipping 2.20% or 13.70 points to close at 610.00. NIBE Industrier AB ser. B (ST:NIBEb) declined 0.64% or 0.30 points to 39.10, while Essity AB B (ST:ESSITYb) eased 0.44% or 1.10 points to finish at 248.60.
Market breadth favored advancers: 474 stocks rose on the Stockholm exchange, 270 fell and 63 were unchanged.
Commodity markets moved alongside the equity session. Crude oil for May delivery gained 1.54% - rising by 1.51 to $99.38 a barrel. Brent oil for June delivery climbed 1.32%, or 1.27, to $97.19 a barrel. By contrast, the June Gold Futures contract fell 0.69%, a decrease of 33.24, trading at $4,784.76 a troy ounce.
Currency markets showed modest SEK movement. The euro traded higher against the krona, with EUR/SEK up 0.23% to 10.86. USD/SEK was essentially unchanged, moving 0.04% to 9.27. The US Dollar Index Futures was down 0.09% at 98.50.
The session's headline - the 0.99% gain in the OMX Stockholm 30 - reflected a selective advance across sectors, with Basic Materials, Financials and Industrials providing upward momentum while several large-cap names underperformed. Trading volume and breadth figures indicate more names participated on the upside than the downside during the session.
Market context
- Index movement: OMX Stockholm 30 up 0.99% to a one-month high.
- Top gainers on the index: Industrivarden (ST:INDUc), Addtech (ST:ADDTb), Epiroc AB Class A (ST:EPIRa).
- Top decliners on the index: SAAB AB ser. B (ST:SAABb), NIBE Industrier AB ser. B (ST:NIBEb), Essity AB B (ST:ESSITYb).