Stocks in Sweden closed higher on Wednesday, with the OMX Stockholm 30 up 1.20% at the end of trading in Stockholm. Sector leadership came from Basic Materials, Healthcare and Industrials, which together pushed the market higher by session's end.
Top movers on the OMX Stockholm 30
- EQT AB (ST:EQTAB) rose 5.48%, gaining 15.00 points to finish at 288.80.
- Svenska Cellulosa SCA AB B (ST:SCAb) added 2.85%, or 3.10 points, to close at 110.00.
- Boliden AB (ST:BOL) advanced 2.66%, up 15.20 points to 586.80.
Largest decliners
- Nordea Bank Abp (ST:NDASE) fell 4.47%, down 7.30 points to 156.05 at the close.
- Swedbank AB ser A (ST:SWEDa) declined 4.41%, slipping 14.05 points to end at 304.40.
- Skandinaviska Enskilda Banken AB A (ST:SEBa) was down 3.84%, or 6.85 points, to 171.55.
Market breadth favored advancers: 543 stocks rose on the Stockholm exchange, 181 declined and 65 finished unchanged.
Commodities and currencies
Energy markets moved lower in the session. Crude oil for May delivery fell 1.82%, a decline of $1.68, to settle at $90.67 per barrel. Brent oil for June delivery dropped 3.02%, down $3.03, to $97.20 per barrel. Precious metals showed strength: the June Gold Futures contract rose 3.18%, increasing by $141.16 to trade at $4,575.26 a troy ounce.
Currency pairs involving the Swedish krona saw modest moves. EUR/SEK increased 0.18% to 10.81 while USD/SEK rose 0.53% to 9.34. The US Dollar Index Futures was up 0.14% at 99.38.
This session presented a divergence between cyclically exposed names and the country’s largest banks: select industrial and materials companies delivered some of the strongest gains, even as major financial institutions recorded notable falls. Commodity price swings and currency moves were visible alongside these equity developments.