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Sweden shares higher at close of trade; OMX Stockholm 30 up 1.74%

Published 28/12/2018, 17:05
Updated 28/12/2018, 17:05
Sweden shares higher at close of trade; OMX Stockholm 30 up 1.74% – Sweden equities were higher at the close on Friday, as gains in the Technology, Telecoms and Oil & Gas sectors propelled shares higher.

At the close in Stockholm, the OMX Stockholm 30 added 1.74%.

The biggest gainers of the session on the OMX Stockholm 30 were Tele2 AB (ST:TEL2b), which rose 6.31% or 6.70 points to trade at 112.95 at the close. ABB Ltd (ST:ABB) added 3.39% or 5.6 points to end at 170.7 and Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) was up 3.12% or 2.35 points to 77.75 in late trade.

Biggest losers included Nordea Bank Abp (ST:NDASE), which added 0.20% or 0.15 points to trade at 74.58 in late trade. Alfa Laval AB (ST:ALFA) added 0.42% or 0.8 points to end at 189.7 and H & M Hennes & Mauritz AB B (ST:HMb) gained 0.80% or 1.0 points to 126.0.

Advancing stocks outnumbered falling ones by 517 to 127 and 48 ended unchanged on the Stockholm Stock Exchange.

In commodities trading, Crude oil for February delivery was up 1.28% or 0.57 to $45.18 a barrel. Meanwhile, Brent oil for delivery in March rose 0.44% or 0.23 to hit $52.96 a barrel, while the February Gold Futures contract rose 0.05% or 0.70 to trade at $1281.80 a troy ounce.

EUR/SEK was down 0.39% to 10.2607, while USD/SEK fell 0.52% to 8.9631.

The US Dollar Index Futures was down 0.10% at 95.903.

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