Stock trading in Stockholm finished lower on Monday, with sector losses in Telecoms, Industrials and Basic Materials contributing to a decline at the close.
The OMX Stockholm 30 index closed the session down 0.69%.
Among index constituents, several stocks bucked the downward trend. The top performers on the OMX Stockholm 30 were:
- Nordea Bank Abp (ST:NDASE) - up 0.59%, adding 1.00 point to finish at 170.75.
- Svenska Handelsbanken AB A (ST:SHBa) - up 0.43%, rising 0.55 points to close at 129.90.
- SAAB AB ser. B (ST:SAABb) - up 0.42%, gaining 2.40 points to end the day at 567.40.
At the other end of the index, the weakest performers were led by declines in materials and telecom names:
- Boliden AB (ST:BOL) - down 3.28%, or 17.40 points, to finish at 513.60.
- Telia Company AB (ST:TELIA) - down 2.89%, a loss of 1.39 points, to close at 46.69.
- Lifco publ AB (ST:LIFCOb) - down 2.50%, slipping 7.60 points to 296.80 at the close.
Market breadth on the Stockholm Stock Exchange favoured falling shares, with 446 issues declining versus 297 advancing. A further 60 stocks finished unchanged.
Commodities showed notable moves during the session. Crude oil for June delivery rose 1.91%, a gain of 1.80, to trade at $96.20 a barrel. Brent oil for July delivery increased 2.23%, up 2.21, to $101.34 a barrel. Precious metals moved in the opposite direction, with the June Gold Futures contract down 1.22%, a drop of 57.96, to trade at $4,682.94 a troy ounce.
Currency markets registered small shifts for the krona. The euro traded stronger versus the Swedish krona, with EUR/SEK up 0.20% at 10.81. The US dollar was slightly stronger as well, with USD/SEK rising 0.08% to 9.21. The US Dollar Index Futures was lower by 0.15%, at 98.21.
In sum, Monday's session closed with the OMX Stockholm 30 in negative territory, led lower by losses in key cyclical and telecom sectors, while energy and precious metals markets posted contrasting moves.