Swedish equity markets ended the trading day on Friday with widespread gains, pushing the benchmark OMX Stockholm 30 to a fresh record close. The index advanced 1.00% in Stockholm, reflecting broad sector participation led by Oil & Gas, Financials and Industrials.
Among components of the OMX Stockholm 30, Addtech (ST:ADDTb) was the session's top performer, climbing 5.55% - an increase of 17.20 points - to finish at 327.20. SAAB AB ser. B (ST:SAABb) and Lifco publ AB (ST:LIFCOb) also contributed to the rally, rising 2.75% (17.60 points) to 656.80 and 2.62% (8.20 points) to 320.80, respectively.
On the downside, Skanska AB ser. B (ST:SKAb) paced decliners with a 2.58% drop, slipping 7.20 points to close at 272.20. Telia Company AB (ST:TELIA) and Volvo, AB ser. B (ST:VOLVb) ended slightly lower, down 0.19% (0.08 points) to 43.05 and 0.17% (0.60 points) to 345.70, respectively.
Market breadth favored advancing names: 472 issues rose on the Stockholm Stock Exchange, 275 declined and 57 were unchanged. That differential accompanied the index's record-setting finish and underlined the session's generally positive tone.
Commodity markets reflected upward pressure in energy prices. Crude oil for March delivery increased 1.28% - up 0.81 - to $64.10 a barrel. Brent oil for April delivery rose 1.32%, gaining 0.89 to trade at $68.44 a barrel. In metals, the April Gold Futures contract advanced 1.78%, a move of 87.16, to reach $4,976.66 a troy ounce.
Foreign exchange trading saw EUR/SEK tick down 0.06% to 10.65, while USD/SEK moved lower by 0.38% to 9.02. The US Dollar Index Futures fell 0.16%, settling at 97.54.
Overall, the session combined sector-led gains, notable single-stock moves and concurrent strength in oil markets to support the Stockholm benchmark's new high. The distribution of winners over losers and the moves in energy and FX markets provided a complementary backdrop to the equity performance.