Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.53% - Markett.co - Leading News in Stocks, Forex & Commoditites.

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Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.53%

© Reuters.  Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.53%© Reuters. Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.53%

Investing.com – Sweden stocks were lower after the close on Friday, as losses in the Technology, Basic Materials and Industrials sectors led shares lower.

At the close in Stockholm, the OMX Stockholm 30 declined 0.53%.

The best performers of the session on the OMX Stockholm 30 were H & M Hennes & Mauritz AB B (ST:HMb), which rose 1.33% or 2.0 points to trade at 154.0 at the close. Meanwhile, Essity AB B (ST:ESSITYb) added 0.78% or 2.30 points to end at 296.00 and Tele2 AB (ST:TEL2b) was up 0.45% or 0.60 points to 134.10 in late trade.

The worst performers of the session were ABB Ltd (ST:ABB), which fell 2.51% or 4.6 points to trade at 179.0 at the close. AB SKF B (ST:SKFb) declined 2.44% or 4.0 points to end at 157.7 and Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) was down 2.30% or 2.10 points to 89.28.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 402 to 223 and 66 ended unchanged.

Shares in Essity AB B (ST:ESSITYb) rose to all time highs; rising 0.78% or 2.30 to 296.00. Shares in Tele2 AB (ST:TEL2b) rose to 5-year highs; up 0.45% or 0.60 to 134.10.

Crude oil for July delivery was up 0.96% or 0.50 to $52.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 1.58% or 0.97 to hit $62.28 a barrel, while the August Gold Futures contract rose 0.01% or 0.15 to trade at $1343.85 a troy ounce.

EUR/SEK was down 0.50% to 10.6364, while USD/SEK rose 0.07% to 9.4878.

The US Dollar Index Futures was up 0.55% at 97.532.

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