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

Published 05/24/2018, 12:05 PM
Updated 05/24/2018, 12:10 PM
© Reuters.  Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.53%
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Investing.com – Sweden stocks were lower after the close on Thursday, as losses in the Oil & Gas, Basic Materials and Financials sectors led shares lower.

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

The best performers of the session on the OMX Stockholm 30 were Swedish Match AB (ST:SWMA), which rose 1.81% or 7.6 points to trade at 427.6 at the close. Meanwhile, Svenska Handelsbanken AB A (ST:SHBa) added 0.50% or 0.49 points to end at 98.47 and Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) was up 0.47% or 0.31 points to 65.59 in late trade.

The worst performers of the session were Kinnevik, Investment AB ser. B (ST:KINVb), which fell 3.34% or 10.6 points to trade at 306.8 at the close. SSAB AB ser. A (ST:SSABa) declined 2.51% or 1.25 points to end at 48.65 and Boliden AB (ST:BOL) was down 1.96% or 6.25 points to 311.95.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 351 to 255 and 62 ended unchanged.

Shares in Swedish Match AB (ST:SWMA) rose to all time highs; rising 1.81% or 7.6 to 427.6.

Crude oil for July delivery was down 1.10% or 0.79 to $71.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.74% or 0.59 to hit $79.21 a barrel, while the June Gold Futures contract rose 1.10% or 14.20 to trade at $1303.80 a troy ounce.

EUR/SEK was up 0.12% to 10.2590, while USD/SEK fell 0.16% to 8.7472.

The US Dollar Index Futures was down 0.22% at 93.70.

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