Stocks in Sweden ended the trading day higher on Monday, with sector gains concentrated in Basic Materials, Industrials and Financials driving the market upward. At the close in Stockholm, the OMX Stockholm 30 index rose 0.67%.
Top performers
Leading the index was Boliden AB (ST:BOL), which climbed 7.08%, adding 37.80 points to finish at 571.40. AB SKF B (ST:SKFb) advanced 3.19%, or 7.60 points, to close at 245.50. Sandvik AB (ST:SAND) also finished higher, up 2.56% or 9.70 points, to 388.30 in late trade.
Largest decliners
On the downside, Telia Company AB (ST:TELIA) dropped 4.24%, losing 2.19 points to end at 49.49. SAAB AB ser. B (ST:SAABb) fell 3.59%, a decrease of 18.70 points to 502.90, and Tele2 AB (ST:TEL2b) declined 3.48%, or 6.50 points, to 180.45.
Breadth and market composition
Declining stocks slightly outnumbered advancers on the Stockholm exchange, with 370 issues down compared with 363 that rose. A total of 66 shares finished unchanged.
Commodities and currencies
Commodity markets showed marked movement: crude oil for July delivery fell 5.50%, down 4.67 to $80.21 a barrel. Brent oil for August delivery declined 5.13%, or 4.48, settling at $82.85 a barrel. The August Gold Futures contract rose 3.20%, gaining 135.85 to trade at $4,374.65 a troy ounce.
In currency trading, EUR/SEK slipped 0.06% to 10.88, while USD/SEK moved down 0.46% to 9.38. The US Dollar Index Futures was lower by 0.17%, at 99.32.
Session markers
Key intraday movements recorded on the session included BOL up 7.08%, SAND up 2.56%, TEL2b down 3.48%, TELIA down 4.24%, SKFb up 3.19%, DX down 0.18%, GC up 3.16%, LCO down 5.23%, OMXS30 up 0.67% and SAABb down 3.59%.
This report records the closing prices, percentage moves and instrument levels as reported at the end of the trading session in Stockholm.