Swedish stocks finished the session lower on Monday, with sector declines in Basic Materials, Financials and Industrials pushing the market down at the close in Stockholm. The benchmark OMX Stockholm 30 ended the day down 1.72%.
Among individual components, NIBE Industrier AB ser. B (ST:NIBEb) was the day's best performer, gaining 3.99% or 1.50 points to close at 38.60. Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) remained unchanged, finishing at 104.55, while Alfa Laval AB (ST:ALFA) slipped 0.04% or 0.20 points to 534.80 in late trade.
The heaviest losses on the OMX Stockholm 30 were recorded by Svenska Cellulosa SCA AB B (ST:SCAb), which fell 4.40% or 5.40 points to end at 117.50. Boliden AB (ST:BOL) declined 3.74% or 26.80 points to 690.60, and H & M Hennes & Mauritz AB B (ST:HMb) was down 3.74% or 7.20 points to 185.50.
Market breadth at the Stockholm Stock Exchange showed falling stocks materially outnumbered advancing issues, with 571 declines versus 176 advances and 53 stocks unchanged.
Notably, shares of Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) were unchanged at 104.55, a price noted in the session as unchanged to three-year highs.
Commodities trading registered marked moves on the day. Crude oil for April delivery rose 5.67% or 3.80 to $70.82 a barrel. Brent oil for May delivery climbed 6.27% or 4.57 to $77.44 a barrel. In metals, the April Gold Futures contract increased 1.14% or 60.06 to trade at $5,307.96 per troy ounce.
Foreign exchange rates involving the Swedish krona moved higher. EUR/SEK was up 0.58% to 10.70, while USD/SEK rose 1.63% to 9.16. The US Dollar Index Futures stood higher by 1.01% at 98.56.
Taken together, the session reflected downward pressure across cyclically sensitive sectors on the Stockholm market, while energy and precious metals markets moved higher and the krona weakened against both the euro and the US dollar.