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Sweden shares higher at close of trade; OMX Stockholm 30 up 0.25%

Published 05/09/2016, 17:05
© Reuters.  Sweden shares higher at close of trade; OMX Stockholm 30 up 0.25%
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Investing.com – Sweden equities were higher at the close on Monday, as gains in the Industrials, Oil & Gas and Basic Materials sectors propelled shares higher.

At the close in Stockholm, the OMX Stockholm 30 added 0.25% to hit a new 6-month high.

The biggest gainers of the session on the OMX Stockholm 30 were SSAB AB ser. A (ST:SSABa), which rose 2.49% or 0.65 points to trade at 26.78 at the close. Volvo, AB ser. B (ST:VOLVb) added 2.33% or 2.18 points to end at 95.78 and Kinnevik, Investment AB ser. B (ST:KINVBs) was up 1.40% or 2.9 points to 209.5 in late trade.

Biggest losers included AstraZeneca PLC (ST:AZN), which lost 1.05% or 6.0 points to trade at 567.5 in late trade. Nokia Oyj (ST:NOKIA) declined 0.94% or 0.46 points to end at 48.69 and Telefonaktiebolaget L M Ericsson B (ST:ERICb) shed 0.69% or 0.42 points to 60.48.

Advancing stocks outnumbered falling ones by 375 to 213 and 59 ended unchanged on the Stockholm Stock Exchange.

In commodities trading, Crude oil for October delivery was up 2.29% or 1.01 to $45.16 a barrel. Meanwhile, Brent oil for delivery in November rose 1.54% or 0.72 to hit $47.55 a barrel, while the December Gold contract rose 0.25% or 3.35 to trade at $1331.45 a troy ounce.

EUR/SEK was down 0.38% to 9.5483, while USD/SEK fell 0.02% to 8.5623.

The US Dollar Index was down 0.14% at 95.74.

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