Investing.com – Sweden stocks were higher after the close on Friday, as gains in the Industrials, Basic Materials and Telecoms sectors led shares higher.
At the close in Stockholm, the OMX Stockholm 30 gained 2.19% to hit a new 1-month high.
The best performers of the session on the OMX Stockholm 30 were NIBE Industrier AB ser. B (ST:NIBEb), which rose 4.80% or 2.20 points to trade at 47.00 at the close. Meanwhile, Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) added 4.36% or 2.96 points to end at 70.88 and Svenska Cellulosa SCA AB B (ST:SCAb) was up 3.64% or 5.50 points to 156.50 in late trade.
The worst performers of the session were SAAB AB ser. B (ST:SAABb), which fell 0.86% or 2.30 points to trade at 263.60 at the close. Kinnevik, Investment AB ser. B (ST:KINVb) declined 0.16% or 0.20 points to end at 91.50 and Telia Company AB (ST:TELIA) was up 0.21% or 0.06 points to 28.34.
Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 544 to 225 and 82 ended unchanged.
Shares in Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) rose to 52-week highs; up 4.36% or 2.96 to 70.88.
Crude oil for August delivery was down 0.15% or 0.12 to $82.50 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.21% or 0.18 to hit $85.22 a barrel, while the August Gold Futures contract fell 0.17% or 4.05 to trade at $2,417.85 a troy ounce.
EUR/SEK was up 0.71% to 11.48, while USD/SEK rose 0.28% to 10.53.
The US Dollar Index Futures was down 0.31% at 103.81.