1 month ago
Stock Market

Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.59%

Investing.com – Sweden stocks were higher after the close on Wednesday, as gains in the Oil&Gas, Technology and Consumer Goods

Investing.com – Sweden stocks were higher after the close on Wednesday, as gains in the Oil&Gas, Technology and Consumer Goods sectors led shares higher.

At the close in Stockholm, the OMX Stockholm 30 added 0.59% to hit a new 3-months high.

The best performers of the session on the OMX Stockholm 30 were Swedish Match AB (ST:SWMA), which rose 9.62% or 39.2 points to trade at 446.5 at the close. Meanwhile, Tele2 AB (ST:TEL2b) added 3.27% or 3.75 points to end at 118.50 and Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) was up 2.90% or 2.43 points to 86.19 in late trade.

The worst performers of the session were Atlas Copco AB Series B (ST:ATCOb), which fell 1.21% or 2.8 points to trade at 225.3 at the close. Atlas Copco AB Class A (ST:ATCOa) declined 1.19% or 2.9 points to end at 241.1 and AstraZeneca PLC (ST:AZN) was down 0.90% or 6.2 points to 685.0.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 329 to 288 and 61 ended unchanged.

Shares in Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) rose to 3-years highs; gaining 2.90% or 2.43 to 86.19.

Crude oil for March delivery was up 2.28% or 1.21 to $54.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 2.16% or 1.35 to hit $63.77 a barrel, while the April Gold Futures contract rose 0.13% or 1.65 to trade at $1315.65 a troy ounce.

EUR/SEK was down 0.43% to 10.4397, while USD/SEK fell 0.10% to 9.2497.

The US Dollar Index Futures was up 0.32% at 96.812.