Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.28%

Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.28%

Oct 18, 2018

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 declined 0.28%.

The best performers of the session on the OMX Stockholm 30 were Telefonaktiebolaget LM Ericsson Class B (ST:ERICb), which rose 6.29% or 4.91 points to trade at 82.91 at the close. Meanwhile, Tele2 AB (ST:TEL2b) added 4.56% or 4.95 points to end at 113.50 and Getinge AB ser. B (ST:GETIb) was up 2.84% or 2.3 points to 81.8 in late trade.

The worst performers of the session were Nordea Bank Abp (ST:NDASE), which fell 2.69% or 2.30 points to trade at 83.15 at the close. AB SKF B (ST:SKFb) declined 2.37% or 3.7 points to end at 152.6 and Skandinaviska Enskilda Banken AB A (ST:SEBa) was down 2.03% or 1.88 points to 90.66.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 348 to 285 and 50 ended unchanged.

Shares in Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) rose to 52-week highs; gaining 6.29% or 4.91 to 82.91. Shares in Nordea Bank Abp (ST:NDASE) fell to 52-week lows; losing 2.69% or 2.30 to 83.15. Shares in AB SKF B (ST:SKFb) fell to 52-week lows; down 2.37% or 3.7 to 152.6.

Crude oil for November delivery was down 0.72% or 0.50 to $69.25 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.59% or 0.47 to hit $79.58 a barrel, while the December Gold Futures contract rose 0.42% or 5.20 to trade at $1232.60 a troy ounce.

EUR/SEK was up 0.53% to 10.3630, while USD/SEK rose 0.55% to 9.0162.

The US Dollar Index Futures was up 0.09% at 95.44.

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