Sweden's main stock gauge ended the trading day in negative territory on Tuesday, with the OMX Stockholm 30 dropping 2.70% at the close in Stockholm after selling pressure in multiple sectors.
Market breadth and sector drivers
Declines were broad-based: the Basic Materials, Industrials and Financials sectors led the downward momentum. On the Stockholm exchange, decliners outnumbered advancers by a wide margin, with 635 stocks falling, 134 rising and 53 finishing unchanged.
Notable movers on the OMX Stockholm 30
- Svenska Cellulosa SCA AB B (ST:SCAb) was the session's top performer on the index, rising 0.43% - up 0.50 points to close at 118.10.
- By contrast, Evolution AB (ST:EVOG) slipped 0.18% - down 1.00 points to finish at 546.00.
- SAAB AB ser. B (ST:SAABb) declined 1.00% - a fall of 6.50 points to end the session at 644.20.
Heaviest decliners
- NIBE Industrier AB ser. B (ST:NIBEb) recorded the steepest fall on the index, down 6.72% or 2.60 points to 35.70.
- Boliden AB (ST:BOL) dropped 5.57% - a loss of 38.40 points to close at 650.60.
- Addtech (ST:ADDTb) fell 3.75% or 12.20 points to finish at 313.00.
Commodities and currency moves
Commodity markets registered notable swings during the session. Crude oil for April delivery advanced 6.88% - up $4.90 to $76.13 per barrel. Brent oil for May delivery also rose 6.88%, increasing $5.35 to $83.09 per barrel. In contrast, the April Gold Futures contract declined 3.91% - down $207.69 to trade at $5,103.91 a troy ounce.
Currency markets showed strengthening for both the euro and the US dollar against the Swedish krona. EUR/SEK climbed 0.69% to 10.77, while USD/SEK increased 1.54% to 9.29. The US Dollar Index Futures moved higher as well, up 0.87% at 99.19.
Summary takeaways
- The OMX Stockholm 30 closed down 2.70% after a day in which Basic Materials, Industrials and Financials led declines.
- Market breadth was heavily negative, with 635 decliners versus 134 advancers and 53 unchanged issues.
- Energy futures advanced sharply while gold futures fell; both EUR/SEK and USD/SEK strengthened.
These facts reflect price movements and market composition at the close of trading on Tuesday. They do not identify causal factors beyond the sector and instrument-level changes recorded in the session.