Stocks in Sweden closed higher on Thursday as gains across several sectors lifted the main benchmark. At the end of trading in Stockholm, the OMX Stockholm 30 rose 0.30% to register a new five-year high.
Strong performances in the Oil & Gas, Financials and Technology sectors underpinned the advance, helping to lift the selective OMX Stockholm 30 to its intraday peak and finish the session with modest gains.
Top movers on the OMX Stockholm 30
The session's best performers included NIBE Industrier AB ser. B (ST:NIBEb), which climbed 3.73% or 1.30 points to close at 36.40. EQT AB (ST:EQTAB) added 3.61% or 9.90 points to finish at 284.30. Evolution AB (ST:EVOG) also posted a strong result, rising 3.19% or 17.20 points to end the day at 555.80.
On the downside, Boliden AB (ST:BOL) fell 3.18% or 23.00 points to close at 699.60. Telia Company AB (ST:TELIA) declined 1.17% or 0.54 points to finish at 45.77, and Tele2 AB (ST:TEL2b) was down 0.94% or 1.80 points to 188.70 at the close.
Market breadth and activity
Advancers outnumbered decliners on the Stockholm Stock Exchange, with 442 stocks rising against 299 that fell. A further 72 issues ended the session unchanged, reflecting a generally positive bias across the exchange.
Commodities and currencies
Commodity prices moved alongside equity gains. Crude oil for April delivery was up 1.64% or 1.07, trading at $66.49 a barrel. Brent oil for May delivery rose 1.94% or 1.37 to $72.06 a barrel. In precious metals trading, the April Gold Futures contract fell 0.38% or 19.84 to trade at $5,206.36 a troy ounce.
Currency markets showed modest movement against the krona. EUR/SEK rose 0.33% to 10.68, while USD/SEK increased 0.49% to 9.06. The US Dollar Index Futures was up 0.15% at 97.77.
Outlook notes
Thursday's session left the OMX Stockholm 30 at a fresh five-year high, supported by sector-level gains and a greater number of advancing stocks than decliners. Market participants will likely watch whether the current momentum spreads beyond the top-performing sectors observed in this session.