Stocks in Sweden closed higher on Tuesday, with gains concentrated in Basic Materials, Industrials and Financials propelling the market upward.
The OMX Stockholm 30 rose 1.22% at the close in Stockholm.
Top performers
On the OMX Stockholm 30, Epiroc AB Class A (EPIRa) led the group of winners, climbing 3.02% or 7.80 points to finish at 266.00. ABB Ltd (ABB) added 2.89% or 26.80 points to close at 953.80, while Boliden AB (BOL) advanced 2.81% or 13.40 points to end the session at 490.00.
Lagging names
Among the weakest stocks, AstraZeneca PLC (AZN) decreased 1.75% or 30.00 points to 1,682.50 at the close. Evolution AB (EVOG) fell 1.35% or 8.60 points to 630.20, and NIBE Industrier AB ser. B (NIBEb) slipped 0.65% or 0.30 points to 45.70.
Market breadth was narrowly positive, with 378 rising issues versus 370 decliners on the Stockholm Stock Exchange and 57 stocks finishing unchanged.
Notably, ABB Ltd reached an all-time high in the session, climbing 2.89% or 26.80 points to close at 953.80.
Commodities and currencies
Commodity markets were mixed. Crude oil for June delivery fell 4.16% or 4.43 to $101.99 a barrel, while Brent oil for July delivery dropped 3.48% or 3.98 to $110.46 a barrel. By contrast, the June Gold Futures contract rose 0.91% or 41.20 to trade at $4,574.50 a troy ounce.
On the currency front, EUR/SEK moved down 0.22% to 10.83 and USD/SEK fell 0.35% to 9.25. The US Dollar Index Futures was down 0.03% at 98.24.
Summary and implications
The session closed with the benchmark higher and a handful of industrial and materials names among the strongest contributors. Oil fell sharply while gold and the dollar edged lower, and market breadth remained narrowly positive. These cross-market moves underscore a mixed backdrop for Swedish equities as the trading day concluded.