Stock markets in Sweden closed higher on Monday, driven by gains in Basic Materials, Telecoms and Technology stocks. At the close in Stockholm, the OMX Stockholm 30 climbed 0.35%.
Leading the index higher were Epiroc AB Class A (ST:EPIRa), Boliden AB (ST:BOL) and Sandvik AB (ST:SAND). Epiroc finished up 7.51% - a rise of 17.10 points - closing at 244.70. Boliden added 4.34%, or 26.40 points, to end the session at 634.60. Sandvik advanced 1.77%, gaining 5.90 points to finish at 339.00.
On the downside, EQT AB (ST:EQTAB) was the weakest member of the benchmark, falling 3.63% or 13.30 points to close at 352.80. SAAB AB series B (ST:SAABb) dropped 2.48%, losing 17.80 points to finish at 701.00. Lifco publ AB (ST:LIFCOb) slipped 1.51%, or 4.80 points, to 312.40.
Market breadth at the Stockholm Stock Exchange skewed negative, with 423 stocks declining against 324 advancing and 74 ending unchanged.
Several individual shares moved to notable price milestones in Monday trade. Shares of Epiroc AB Class A rose to all-time highs, closing at 244.70 after the 7.51% increase. Boliden AB also reached an all-time high, finishing at 634.60 following its 4.34% gain. Sandvik AB recorded an all-time high close as well, at 339.00 after rising 1.77%. By contrast, Lifco publ AB fell to a 52-week low of 312.40 amid its 1.51% decline.
Commodities and currency markets showed mixed outcomes at the close. Crude oil for March delivery was down 0.34%, or 0.21, at $60.86 a barrel. Brent oil for April delivery fell 0.23%, or 0.15, to $64.92 a barrel. April Gold Futures rose 2.19%, adding 109.66 to trade at 5,126.66 a troy ounce.
In foreign exchange trading, the euro strengthened against the krona with EUR/SEK up 0.41% at 10.60, while USD/SEK fell 0.14% to 8.92. The US Dollar Index Futures was down 0.65% at 96.77.
The session left the OMX Stockholm 30 modestly higher overall, supported by heavyweight gains in the materials and industrial names noted above, while select financial and industrial stocks underperformed.