Stocks listed in Stockholm closed the session in positive territory on Wednesday, powered primarily by strength in the Telecoms, Financials and Healthcare sectors.
The benchmark OMX Stockholm 30 index ended the day up 1.14%.
Top movers on the OMX Stockholm 30
- EQT AB (ST:EQTAB) led the index, rising 4.46% - a gain of 12.20 points - to finish at 285.50.
- SAAB AB ser. B (ST:SAABb) added 2.89%, gaining 18.60 points to close at 662.80.
- Tele2 AB (ST:TEL2b) advanced 2.68%, up 5.00 points to end the day at 191.70.
Lagging names
- Epiroc AB Class A (ST:EPIRa) was the weakest among the large-cap constituents, down 1.55% or 4.00 points to 254.70 at the close.
- Essity AB B (ST:ESSITYb) declined 1.15%, slipping 3.10 points to 266.90.
- ASSA ABLOY AB ser. B (ST:ASSAb) fell 0.93%, a loss of 3.50 points to finish at 374.20.
On the broader exchange, advancing issues outnumbered decliners by a margin of 534 to 199, while 66 stocks finished unchanged.
Notably, Tele2 AB reached an all-time high during the session, closing at 191.70 after a 2.68% rise.
Commodities and currencies
- Crude oil for April delivery fell 0.52% - down 0.39 - to trade at $74.17 a barrel.
- Brent oil for May delivery slipped 0.36% or 0.29 to $81.11 a barrel.
- The April Gold Futures contract rose 0.66%, gaining 33.71 to settle at $5,157.41 a troy ounce.
- EUR/SEK declined 0.68% to 10.66, while USD/SEK fell 0.88% to 9.16.
- The US Dollar Index Futures was down 0.24% at 98.77.
Implications and context
The session’s breadth favored gainers across the exchange and was highlighted by sizable percentage moves in several large-cap names. Telecoms were a notable driver, with Tele2 setting a new peak. Movement in energy, precious metals and exchange rates accompanied the equity rally, reflecting modest shifts across related markets during the trading day.
Note: This report confines its observations to the price and volume information recorded at the close of trading on Wednesday.