Swedish equities ended the trading day higher on Wednesday, with gains concentrated in Basic Materials, Technology and Consumer Services helping the benchmark index finish at a new record.
The OMX Stockholm 30 rose 0.28% by the close in Stockholm, reaching an all-time high as buying interest outpaced selling across several sectors.
Top and bottom movers
- AstraZeneca PLC (ST:AZN) led advancers on the OMX Stockholm 30, climbing 3.36% - a gain of 58.00 points - to close at 1,786.00.
- Svenska Cellulosa SCA AB B (ST:SCAb) added 3.21%, or 3.90 points, finishing the session at 123.70.
- Boliden AB (ST:BOL) rose 2.67% - up 17.20 points - to end at 660.80.
- Evolution AB (ST:EVOG) was the weakest on the index, falling 2.78% or 16.00 points to close at 560.00.
- EQT AB (ST:EQTAB) declined 2.54%, down 7.70 points, to finish at 295.80.
- Addtech (ST:ADDTb) slipped 2.29%, a loss of 7.40 points, to end at 315.80.
By breadth, declining issues outnumbered advancers on the Stockholm exchange by 502 to 255, while 59 stocks finished unchanged.
Several stocks reached notable price milestones during the session: shares of AstraZeneca rose to 52-week highs, while Boliden shares advanced to all-time highs.
Commodities and FX
Energy and metals benchmarks were stronger in late trading. Crude oil for March delivery gained 1.63%, or 1.04, to trade at $65.00 a barrel. Brent crude for April delivery increased 1.53%, or 1.05, to $69.85 a barrel. In metals, the April Gold Futures contract rose 1.36%, or 68.66, to trade at $5,099.66 a troy ounce.
Currency moves were modest: EUR/SEK was effectively flat, changing 0.02% to 10.56, while USD/SEK rose 0.11% to 8.89. The US Dollar Index Futures ticked higher by 0.02% to 96.69.
This session’s market action shows a broad-based pickup in risk assets on the Stockholm market, with materials and technology names providing notable upside even as some stock-specific weakness appeared among other large-cap names.