Summary
The Stockholm market ended the trading day in the red, with the OMX Stockholm 30 registering a 0.16% decline at the close. A trio of sectors - Basic Materials, Healthcare and Industrials - contributed most to the downward pressure on the index. Market breadth was tilted toward losers, and key commodity and foreign exchange benchmarks registered modest moves.
Index and market breadth
At the close in Stockholm, the OMX Stockholm 30 lost 0.16%. Declining issues outnumbered advancing issues on the Stockholm Stock Exchange by 439 to 300, while 80 stocks ended unchanged.
Top gainers on the OMX Stockholm 30
- Tele2 AB (ST:TEL2b) led the index's gainers, rising 1.81% - an increase of 2.90 points - to finish at 162.95.
- Telia Company AB (ST:TELIA) added 1.43%, or 0.57 points, to close at 40.55.
- H & M Hennes & Mauritz AB B (ST:HMb) advanced 1.39%, up 2.50 points, to end the session at 178.40.
Largest decliners on the session
- AB SKF B (ST:SKFb) was the session's heaviest loser, falling 7.63% - a drop of 19.20 points - to trade at 232.60 at the close.
- Boliden AB (ST:BOL) declined 4.19%, or 27.40 points, to finish at 626.60.
- Svenska Cellulosa SCA AB B (ST:SCAb) slipped 3.13%, down 3.60 points, to end at 111.60.
Shares in Svenska Cellulosa SCA AB B (ST:SCAb) also hit a notable milestone on the downside, falling to 5-year lows as they closed at 111.60.
Commodities and currencies
- Crude oil for March delivery was up 0.32%, or 0.21, to $65.63 a barrel.
- Brent oil for April delivery rose 0.29%, or 0.20, to $69.79 a barrel.
- The April Gold Futures contract fell 6.51%, down 348.71, to trade at $5,006.09 a troy ounce.
In foreign exchange moves, EUR/SEK was up 0.08% at 10.54, while USD/SEK rose 0.76% to 8.87. The US Dollar Index Futures was higher by 0.58%, trading at 96.69.
Outlook notes
The market closed with more stocks falling than rising, and the slide in certain Basic Materials and Industrial names was reflected in the index result. Commodity prices were mixed at the close, with crude and Brent slightly higher while gold recorded a significant decline in its April contract. Currency moves were modest, with the Swedish krona trading mixed against the euro and the dollar.
Data on individual securities, commodities and exchange rates reflect the prices and percentage moves recorded at the close.