Stocks in Sweden finished the trading day with small net gains as sector strength in Healthcare, Telecoms and Technology supported the market. By the close in Stockholm, the OMX Stockholm 30 had risen 0.07%.
The top performers within the OMX Stockholm 30 reflected the broader uptick. Addtech (ST:ADDTb) advanced 3.32% - an increase of 11.00 points - to end the session at 342.80. Hexagon AB ser. B (ST:HEXAb) climbed 3.23%, up 3.10 points, to finish at 99.20. Lifco publ AB (ST:LIFCOb) added 3.13%, gaining 9.40 points to close at 309.40.
Not all large-cap names participated in the rally. Saab AB ser. B (ST:SAABb) retreated 2.84%, losing 17.60 points to settle at 601.30. Swedbank AB ser A (ST:SWEDa) fell 1.71%, down 5.80 points to 332.70 at the close. Nordea Bank Abp (ST:NDASE) slid 1.52%, a drop of 2.65 points, to end the day at 172.05.
On balance, advancing issues outnumbered decliners on the Stockholm Stock Exchange, with 472 stocks rising against 274 that fell, while 58 shares finished unchanged.
Commodity markets registered notable moves during the session. Crude oil for May delivery rose 2.33%, an increase of 2.13, to trade at $93.42 a barrel. Brent oil for June delivery climbed 3.59%, up 3.41, to $98.34 a barrel. In precious metals, the June Gold Futures contract recorded a 0.13% uptick, gaining 6.26 to trade at $4,829.86 a troy ounce.
Currency markets showed modest movement versus the krona. The euro strengthened 0.21% against the Swedish krona to 10.82 EUR/SEK, while the US dollar was up 0.35% versus the krona at 9.19 USD/SEK. The US Dollar Index Futures was 0.15% higher at 98.00.
The session presented a narrow overall gain for the benchmark while individual large caps diverged, with some industrial and technology-oriented companies leading and certain bank and defense names lagging. Market breadth was positive and commodity price moves were pronounced, particularly in crude and Brent oil.