Sweden's equity market finished the trading day in positive territory on Tuesday, with gains concentrated in Industrials, Basic Materials and Financials driving the advance.
At the close in Stockholm the benchmark OMX Stockholm 30 rose 1.15%, marking a new three-month high for the index.
Among the index constituents, the top performers included Sandvik AB (ST:SAND), which advanced 2.59% — an increase of 10.10 points — to finish at 399.90. Private equity firm EQT AB (ST:EQTAB) added 2.58%, or 6.90 points, closing at 274.00. Industrivarden, AB ser. C (ST:INDUc) also registered a notable gain, up 2.54% or 13.20 points to 532.00 in late trade.
On the downside, telecoms and a gaming stock weighed on the list of laggards. Tele2 AB (ST:TEL2b) fell 2.88%, a decline of 5.00 points, to close at 168.65. Telia Company AB (ST:TELIA) slipped 2.22%, down 1.07 points to 47.21, and Evolution AB (ST:EVOG) dropped 1.95%, or 13.20 points, to 665.20.
Market breadth favored advancing names: 430 issues rose on the Stockholm exchange, 313 declined and 63 finished unchanged.
Separately, shares of Industrivarden, AB ser. C (ST:INDUc) moved to all-time highs during the session, gaining 2.54% (13.20) to reach 532.00.
Commodities showed mixed direction. Crude oil for August delivery fell 1.33%, or 0.94, to $69.81 per barrel. Brent for September delivery declined 0.68%, or 0.50, to $73.41 a barrel. Precious metals were firmer, with the August Gold Futures contract rising 0.10%, or 4.00, to trade at $4,042.90 a troy ounce.
In foreign exchange, the euro was slightly weaker versus the krona with EUR/SEK down 0.10% to 11.08, while USD/SEK edged down 0.09% to 9.70. The US Dollar Index Futures was higher by 0.09%, trading at 100.96.
Overall, Tuesday's session saw a broad advance across several cyclical sectors that helped propel the OMX Stockholm 30 to a recent peak, even as some large-cap telecom and gaming stocks lagged the rally.