Stockholm - Sweden's equity market closed higher on Thursday as gains in Telecoms, Financials and Oil & Gas helped push the OMX Stockholm 30 up 0.53% at the end of trading.
The index advance reflected a number of notable individual moves. Telefonaktiebolaget LM Ericsson Class B finished as one of the session's strongest performers, rising 2.58% - a gain of 3.10 points - to close at 123.30. Boliden AB added 1.88% or 9.80 points to reach 532.00, and Swedbank AB ser A gained 1.64% or 5.50 points to finish at 341.60.
On the downside, Hexagon AB ser. B fell sharply, the largest decliner on the OMX Stockholm 30, down 8.04% or 7.20 points to 82.80 at the close. Evolution AB declined 2.46% or 17.60 points to 697.00, and Tele2 AB slipped 0.72% or 1.35 points to end the session at 184.95.
Market breadth was narrowly positive at the close. Rising shares outnumbered decliners 374 to 355, while 76 issues were unchanged on the Stockholm Stock Exchange.
Two stocks hit notable multi-year levels in Thursday trading. Shares of Telefonaktiebolaget LM Ericsson Class B rose to five-year highs, closing at 123.30 after the 2.58% advance. Conversely, Hexagon AB ser. B fell to five-year lows, closing at 82.80 following the 8.04% drop.
Commodity markets moved alongside the Swedish equities session. Crude oil for July delivery increased 2.31% or $2.27 to trade at $100.53 a barrel, while Brent oil for July delivery rose 1.77% or $1.86 to $106.88 a barrel. Precious metals were weaker; the June Gold Futures contract fell 0.91% or $41.60 to trade at $4,516.40 a troy ounce.
Currency markets showed modest shifts against the Swedish krona. EUR/SEK rose 0.20% to 10.87, and USD/SEK increased 0.52% to 9.38. Meanwhile, the US Dollar Index Futures was up 0.26% at 99.36.
The session left the OMX Stockholm 30 higher on the day, with Telecoms, Financials and Oil & Gas among the sectors contributing to the upside. Individual stock moves produced mixed extremes, including a five-year high for Ericsson Class B and a five-year low for Hexagon Class B, while market breadth remained relatively balanced.
Market snapshot:
- OMX Stockholm 30 - close: +0.53%
- Top gainers: Telefonaktiebolaget LM Ericsson Class B (up 2.58% to 123.30), Boliden AB (up 1.88% to 532.00), Swedbank AB ser A (up 1.64% to 341.60)
- Top losers: Hexagon AB ser. B (down 8.04% to 82.80), Evolution AB (down 2.46% to 697.00), Tele2 AB (down 0.72% to 184.95)
- Rising vs falling: 374 vs 355; unchanged: 76
- Crude (July) - $100.53 a barrel; Brent (July) - $106.88 a barrel; Gold (June futures) - $4,516.40 a troy ounce
- EUR/SEK: 10.87; USD/SEK: 9.38; US Dollar Index Futures: 99.36