Sweden's stock market ended Friday's trading session in negative territory, led lower by declines in the Basic Materials, Industrials and Oil & Gas sectors. The benchmark OMX Stockholm 30 finished the day down 1.45%.
Market breadth in Stockholm skewed toward falling names, with 466 issues declining versus 276 advancing and 50 that finished unchanged.
Top and bottom movers
Among the components of the OMX Stockholm 30, EQT AB (ST:EQTAB) was the session's best performer, closing up 2.99% - a gain of 8.10 points - to 279.30. Telecom group Telia Company AB (ST:TELIA) added 0.92% or 0.43 points to end at 47.12, while Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) rose 0.65% or 0.70 to 108.60.
On the downside, Sandvik AB (ST:SAND) led losses among the index constituents, falling 6.31% or 24.00 points to close at 356.20. Epiroc AB Class A (ST:EPIRa) declined 4.01% or 10.00 points to 239.20, and Atlas Copco AB Class A (ST:ATCOa) was down 3.08% or 5.40 points to 169.90.
Two individual share milestones were recorded in the session: Telia Company AB (ST:TELIA) advanced to levels described as five-year highs, closing at 47.12, while Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) reached three-year highs at 108.60.
Commodities and currencies
Energy prices were higher in the session. Crude oil for April delivery increased 0.89% or 0.85 to $96.58 a barrel, and Brent oil for May delivery rose 0.61% or 0.61 to $101.07 a barrel. Precious metals moved in the opposite direction, with the April Gold Futures contract falling 1.39% or 71.09 to trade at $5,054.71 a troy ounce.
Currency moves accompanying the session included EUR/SEK rising 0.33% to 10.80 and USD/SEK gaining 0.97% to 9.44. The US Dollar Index Futures were quoted up 0.61% at 100.36 by the close.
Implications and closing note
The session was characterized by heavier selling in sectors linked to materials and industrial activity, while select telecom and investment names posted gains. Broader market indicators showed more decliners than advancers, underscoring the downward tilt across the marketplace on the day.