Market close
Swedish equities ended Tuesday on an upbeat note, with the OMX Stockholm 30 gaining 0.76% to finish at a new record level. Broad support came from the Basic Materials, Industrials and Technology sectors, which collectively helped push the benchmark higher by the close in Stockholm.
Top performers
The strongest performers on the OMX Stockholm 30 were led by Boliden AB (ST:BOL), which advanced 4.13% - a rise of 27.80 points - to close at 700.60. H & M Hennes & Mauritz AB B (ST:HMb) added 3.39%, or 6.20 points, ending the session at 187.60, while NIBE Industrier AB ser. B (ST:NIBEb) rose 2.59% to 40.40, an increase of 1.00 point.
Lagging names
Not all large caps participated in the rally. Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) slipped 0.98%, or 0.99 points, to 99.86 at the close. Tele2 AB (ST:TEL2b) dropped 0.89%, or 1.70 points, to finish at 189.60, while Swedbank AB ser A (ST:SWEDa) fell 0.86%, a decline of 3.00 points, to end at 346.00.
Market breadth
Advancers outpaced decliners on the Stockholm Stock Exchange, with 405 stocks closing higher versus 355 that finished lower; 56 issues were unchanged. The session included a notable milestone as shares of Boliden AB reached an all-time high on the strength recorded by the close.
Commodities and FX
Commodity prices were generally softer on the session. Crude oil for April delivery fell 0.50%, or 0.33, to trade at $65.98 a barrel. Brent crude for May delivery declined 0.41%, or 0.29, to $70.82 a barrel. In metals, the April Gold Futures contract decreased 1.23%, losing 64.11 to settle at $5,161.49 a troy ounce.
On the currency front, EUR/SEK moved down 0.14% to 10.65, while USD/SEK eased 0.17% to 9.04. The US Dollar Index Futures was slightly firmer, up 0.06% at 97.69.
Context and implications
The session’s gains were concentrated in materials, industrials and technology names, with Boliden’s record close the clearest example of sector strength. At the same time, modest pullbacks in key telecom and banking names weighed on parts of the market, while commodity declines and small currency moves added nuance to the trading day.
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