Swedish equities closed lower on Friday, with the benchmark OMX Stockholm 30 ending the trading day down 1.21% as pressure from the Basic Materials, Industrials and Financials sectors pushed the market lower.
At the close in Stockholm, breadth showed more declines than advances: 432 stocks fell, 309 rose and 56 finished unchanged, underscoring a broadly negative session.
Among the constituents of the OMX Stockholm 30, ABB Ltd (ST:ABB) was one of the stronger performers, finishing up 1.16% - an increase of 11.20 points to close at 974.80. Svenska Handelsbanken AB A (ST:SHBa) added 0.19% or 0.25 points, ending the day at 129.45, while Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) gained 0.14% or 0.15 points to finish at 109.60.
On the downside, SAAB AB ser. B (ST:SAABb) posted the steepest decline among the large names, slipping 4.36% or 24.50 points to close at 538.00. Boliden AB (ST:BOL) fell 4.01% or 21.40 points to end at 512.80, and Sandvik AB (ST:SAND) dropped 3.98% or 15.30 points to finish at 369.00.
Commodity markets showed gains during the session. Crude oil for June delivery rose 0.96% or 0.91 to $95.72 a barrel. Brent crude for July delivery increased 1.55% or 1.55, reaching $101.61 a barrel. Precious metals were also firmer, with the June Gold Futures contract up 0.14% or 6.70 to trade at $4,717.60 a troy ounce.
Currency moves were modest but notable for exporters and importers. The euro traded at 10.86 SEK, with EUR/SEK down 0.13%. USD/SEK fell 0.55% to 9.23. The US Dollar Index Futures was lower by 0.16% at 97.79 at the close.
Market context and takeaway
The session closed with the OMX Stockholm 30 down 1.21% and a clear skew toward falling stocks. Performance among blue-chips was mixed, with ABB, Svenska Handelsbanken and Ericsson posting small gains while Saab, Boliden and Sandvik registered notable declines. Commodity prices moved higher for both oil benchmarks and gold, and the krona strengthened slightly against the euro and the dollar.
These outcomes left the Stockholm market broadly lower at the end of the trading day.