Stocks in Sweden finished the trading session higher on Friday, with the broad market lifted by strength in several cyclical sectors. At the close in Stockholm, the OMX Stockholm 30 rose 0.71% and recorded a new all-time high.
Sector-level gains were led by Basic Materials, Financials and Industrials, which collectively contributed to the positive tone across the exchange. Market breadth favored advancers; rising issues outnumbered decliners by 455 to 278, while 64 stocks finished unchanged.
On an individual basis, Skanska AB ser. B (ST:SKAb) was the top performer among the OMX Stockholm 30 constituents, ending the day up 2.37% - a gain of 6.40 points - to close at 276.90. AB SKF B (ST:SKFb) also posted a solid advance, adding 2.08% or 5.30 points to finish at 260.00. NIBE Industrier AB ser. B (ST:NIBEb) rose 1.75%, a 0.70-point increase, to end the session at 40.10.
Not all large-cap names were higher. Evolution AB (ST:EVOG) fell 1.11%, losing 6.00 points to close at 532.20. H & M Hennes & Mauritz AB B (ST:HMb) declined 0.84% or 1.60 points to settle at 183.00. SAAB AB ser. B (ST:SAABb) eased 0.52%, down 3.50 points to 669.40.
Notably, shares of AB SKF B (ST:SKFb) moved to an all-time high during the session as they rose to 260.00, an increase of 2.08% or 5.30 points.
Commodities and currencies showed mixed trends alongside the equity moves. Crude oil for April delivery slipped 0.18%, down $0.12 to trade at $66.28 a barrel. Brent oil for April delivery fell 0.14%, a $0.10 decrease, to $71.56 a barrel. In precious metals, the April Gold Futures contract was stronger, rising 1.79% or 89.26 to trade at 5,086.66 a troy ounce.
In foreign-exchange trading, the euro was slightly stronger versus the krona with EUR/SEK up 0.06% at 10.67. The dollar also ticked up against the Swedish krona, with USD/SEK rising 0.06% to 9.06. The US Dollar Index Futures was down 0.15% at 97.71.
Market snapshot
- OMX Stockholm 30: +0.71%, new all-time high at close
- Advancers vs decliners: 455 vs 278; unchanged: 64
- Top gainers on index: ST:SKAb, ST:SKFb, ST:NIBEb
- Top decliners on index: ST:EVOG, ST:HMb, ST:SAABb
Note - This report focuses on market movements at the close of the Stockholm trading session on Friday, including sector performance, individual stock movers, and select commodity and currency prices that moved during the session.