Summary: Sweden's main equity gauge closed in positive territory on Friday, with the OMX Stockholm 30 up 0.30% to a fresh all-time high. Gains were concentrated in the Oil & Gas, Financials and Telecoms sectors, and advancing issues outnumbered decliners on the Stockholm market.
Stocks in Sweden finished the session higher after trading on Friday, led by sector-level strength in Oil & Gas, Financials and Telecoms that helped push the OMX Stockholm 30 to a new closing peak.
The index concluded the day up 0.30% and recorded a new all-time high at the close in Stockholm.
Top and bottom performers
- Nordea Bank Abp (ST:NDASE) was the session's strongest performer on the OMX Stockholm 30, rising 1.24% or 2.40 points to close at 196.20. The stock reached an all-time high during the session.
- Addtech (ST:ADDTb) also gained 1.24%, adding 4.20 points to finish at 342.00.
- Boliden AB (ST:BOL) advanced 1.13%, up 6.40 points to close at 573.20.
- On the downside, Epiroc AB Class A (ST:EPIRa) fell 1.72%, down 4.70 points to finish at 268.60.
- Hexagon AB ser. B (ST:HEXAb) declined 1.28%, losing 1.30 points to end at 100.45.
- AstraZeneca PLC (ST:AZN) slipped 0.80%, down 12.50 points to close at 1,559.00.
Across the exchange, rising stocks outnumbered those that fell by 398 to 332, while 70 issues ended unchanged.
Commodities and currencies
In commodities trading, crude oil for October delivery was down 0.60% or 0.50 to trade at $83.03 a barrel. Brent oil for November delivery fell 0.60% or 0.53, settling at $87.99 a barrel. The December Gold Futures contract declined 1.92% or 89.49 to trade at $4,574.51 a troy ounce.
On the currency front, EUR/SEK rose 0.40% to 11.13, while USD/SEK increased 0.86% to 9.60. The US Dollar Index Futures was up 0.42% at 99.51.
Market context and closing note
Friday's session saw breadth skewed toward advances, supporting the OMX Stockholm 30's move to a fresh closing record. Nordea's share price also reached an intra-session and closing all-time high. Commodity prices were weaker on the day, while the Swedish krona experienced modest moves versus both the euro and the US dollar.