Sweden's stock market finished higher on Tuesday, with the OMX Stockholm 30 adding 0.20% at the close in Stockholm. Sector strength in Healthcare, Financials and Technology underpinned the advance, and more stocks rose than fell across the exchange.
The session's top performer on the OMX Stockholm 30 was Evolution AB (ST:EVOG), which climbed 7.26% or 48.20 points to finish at 711.80. Hexagon AB ser. B (ST:HEXAb) gained 4.70% or 4.70 points to close at 104.60, while SAAB AB ser. B (ST:SAABb) rose 4.38% or 21.60 points to 513.90 by the end of trading.
On the downside, NIBE Industrier AB ser. B (ST:NIBEb) led losses, falling 7.35% or 3.20 points to trade at 40.00 at the close. Epiroc AB Class A (ST:EPIRa) dropped 2.40% or 6.40 points to finish at 260.10, and ABB Ltd (ST:ABB) declined 1.80% or 17.40 points to 950.60 in late trade.
Market breadth favored advancers over decliners on the Stockholm Stock Exchange, with 444 stocks higher and 288 lower; 66 issues finished unchanged.
Commodities and currency moves accompanied the equity session. Crude oil for July delivery was down 0.49% or 0.51, trading at $103.87 a barrel. Brent oil for July delivery fell 1.05% or 1.18 to $110.92 a barrel. The June Gold Futures contract declined 1.16% or 53.00 to trade at $4,505.00 a troy ounce.
In foreign exchange, EUR/SEK eased 0.19% to 10.91, while USD/SEK rose 0.29% to 9.41. The US Dollar Index Futures was up 0.21% at 99.32.
Market context - The modest gain in the OMX Stockholm 30 reflected pockets of strength among several large-cap names, with winners outnumbering losers on the exchange. Commodity prices were mixed, with both crude benchmarks and gold moving lower on the session. Currency pairs involving the Swedish krona also registered small moves.
What to watch next - Investors may continue to monitor sector-level performance in Healthcare, Financials and Technology given their role in uplifting the benchmark, as well as commodity and currency fluctuations that accompanied the session.