Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.47%

Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.47%

Apr 18, 2018

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

At the close in Stockholm, the OMX Stockholm 30 added 0.47% to hit a new 1-month high.

The best performers of the session on the OMX Stockholm 30 were Boliden AB (ST:BOL), which rose 5.25% or 15.40 points to trade at 308.50 at the close. Meanwhile, SSAB AB ser. A (ST:SSABa) added 2.65% or 1.36 points to end at 52.72 and Atlas Copco AB ser. B (ST:ATCOb) was up 2.04% or 6.6 points to 330.7 in late trade.

The worst performers of the session were Telefonaktiebolaget LM Ericsson Class B (ST:ERICb), which fell 1.06% or 0.58 points to trade at 54.24 at the close. Securitas AB ser. B (ST:SECUb) declined 0.95% or 1.35 points to end at 140.60 and Tele2 AB (ST:TEL2b) was down 0.67% or 0.70 points to 104.20.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 378 to 187 and 59 ended unchanged.

Shares in Boliden AB (ST:BOL) rose to 5-year highs; gaining 5.25% or 15.40 to 308.50. Shares in SSAB AB ser. A (ST:SSABa) rose to 52-week highs; up 2.65% or 1.36 to 52.72.

Crude oil for May delivery was up 1.68% or 1.12 to $67.64 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 1.41% or 1.01 to hit $72.59 a barrel, while the June Gold Futures contract rose 0.28% or 3.80 to trade at $1353.30 a troy ounce.

EUR/SEK was unchanged 0.00% to 10.3948, while USD/SEK fell 0.03% to 8.4002.

The US Dollar Index Futures was up 0.15% at 89.35.

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