Swedish equities finished lower on Tuesday, with weakness concentrated in the Healthcare, Financials and Industrials sectors and the OMX Stockholm 30 ending the day down 0.96%.
By the close in Stockholm, decliners outnumbered advancers by a margin of 466 to 271, while 65 stocks finished unchanged.
Among the components of the OMX Stockholm 30, Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) was one of the stronger performers, advancing 0.75% or 0.95 points to close at 126.85. The stock moved up to a five-year high during the session, recording the gain noted at the close. Boliden AB (ST:BOL) added 0.57% or 3.20 points to finish at 560.60, and Essity AB B (ST:ESSITYb) was up 0.27% or 0.70 points to end the day at 260.40.
On the downside, NIBE Industrier AB ser. B (ST:NIBEb) led losses among the index constituents, slipping 4.31% or 1.70 points to 38.00 at the close. Hexagon AB ser. B (ST:HEXAb) fell 4.21% or 3.76 points to 85.46, and Alfa Laval AB (ST:ALFA) dropped 2.76% or 15.20 points to close at 536.40.
Commodities showed divergent moves across contracts. Crude oil for July delivery traded down 2.82% or 2.72 to $93.88 a barrel, while Brent oil for August delivery rose 4.00% or 3.74 to $97.16 a barrel. Gold for August delivery decreased 0.36% or 16.20 to $4,540.20 per troy ounce.
Currency markets reflected small but notable shifts. The euro was stronger versus the Swedish krona, with EUR/SEK up 0.37% to 10.84. The US dollar also strengthened against the krona, as USD/SEK rose 0.56% to 9.33. Separately, the US Dollar Index Futures was quoted down 0.03% at 99.16.
Market breadth and individual movers
- Decliners outnumbered advancers by 466 to 271, with 65 stocks unchanged on the Stockholm Stock Exchange.
- Top gainers on the OMX Stockholm 30 included ERICb (+0.75%), BOL (+0.57%) and ESSITYb (+0.27%).
- Largest declines were posted by NIBEb (-4.31%), HEXAb (-4.21%) and ALFA (-2.76%).
The trading session combined a majority of losers on the bourse with mixed signals from commodity and currency markets. The index-level decline reflected concentrated sector pressure and several notable individual stock moves by close of trade.