Oil prices rebound despite OPEC+ output hike; supply remains tight
Investing.com – Sweden equities were lower at the close on Friday, as losses in the Telecoms, Financials and Industrials sectors propelled shares lower.
At the close in Stockholm, the OMX Stockholm 30 lost 0.88%.
The biggest gainers of the session on the OMX Stockholm 30 were Samhallsbyggnadsbolaget i Norden AB (ST:SBBb), which rose 2.80% or 0.15 points to trade at 5.43 at the close. Boliden AB (ST:BOL) added 1.21% or 3.70 points to end at 310.00 and SAAB AB ser. B (ST:SAABb) was up 0.64% or 3.00 points to 466.40 in late trade.
Biggest losers included Getinge AB ser. B (ST:GETIb), which lost 2.76% or 5.20 points to trade at 183.10 in late trade. NIBE Industrier AB ser. B (ST:NIBEb) declined 2.46% or 1.00 points to end at 39.70 and Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) shed 2.26% or 1.92 points to 83.00.
Declining stocks outnumbered rising ones by 434 to 323 and 70 ended unchanged on the Stockholm Stock Exchange.
In commodities trading, Crude oil for July delivery was up 0.49% or 0.30 to $61.50 a barrel. Meanwhile, Brent oil for delivery in July rose 0.47% or 0.30 to hit $64.74 a barrel, while the June Gold Futures contract rose 1.95% or 64.09 to trade at $3,359.09 a troy ounce.
EUR/SEK was down 0.33% to 10.82, while USD/SEK fell 0.89% to 9.54.
The US Dollar Index Futures was down 0.69% at 99.17.