Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.14%

Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.14%

Apr 08, 2019

Sweden stocks were higher after the close on Monday, as gains in the Oil&Gas, Consumer Services and Technology sectors led shares higher.

At the close in Stockholm, the OMX Stockholm 30 rose 0.14% to hit a new 6-months high.

The best performers of the session on the OMX Stockholm 30 were H&M Hennes&Mauritz AB B (ST:HMb), which rose 1.55% or 2.5 points to trade at 164.9 at the close. Meanwhile, Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) added 1.30% or 1.16 points to end at 90.24 and Getinge AB ser. B (ST:GETIb) was up 0.98% or 1.1 points to 107.8 in late trade.

The worst performers of the session were Kinnevik, Investment AB ser. B (ST:KINVb), which fell 0.96% or 2.4 points to trade at 247.5 at the close. AB SKF B (ST:SKFb) declined 0.62% or 1.1 points to end at 167.9 and Nordea Bank Abp (ST:NDASE) was down 0.56% or 0.43 points to 75.99.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 360 to 272 and 70 ended unchanged.

Shares in Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) rose to 3-years highs; rising 1.30% or 1.16 to 90.24.

Crude oil for May delivery was up 2.17% or 1.37 to $64.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 1.07% or 0.75 to hit $71.09 a barrel, while the June Gold Futures contract rose 0.49% or 6.35 to trade at $1301.95 a troy ounce.

EUR/SEK was down 0.02% to 10.4316, while USD/SEK fell 0.42% to 9.2620.

The US Dollar Index Futures was down 0.38% at 96.632.

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