European banks set to underperform U.S. peers in second quarter, Citi says
Investing.com – Sweden equities were lower at the close on Friday, as losses in the Basic Materials, Financials and Telecoms sectors propelled shares lower.
At the close in Stockholm, the OMX Stockholm 30 declined 0.88% to hit a new 1-month low.
The biggest gainers of the session on the OMX Stockholm 30 were Electrolux AB Class B (ST:ELUXb), which rose 5.70% or 3.60 points to trade at 66.00 at the close. Samhallsbyggnadsbolaget i Norden AB (ST:SBBb) added 3.12% or 0.18 points to end at 6.01 and SAAB AB ser. B (ST:SAABb) was up 2.82% or 12.60 points to 460.00 in late trade.
Biggest losers included Hexagon AB ser. B (ST:HEXAb), which lost 3.41% or 3.30 points to trade at 92.20 in late trade. Kinnevik, Investment AB ser. B (ST:KINVb) declined 2.65% or 2.10 points to end at 76.50 and Essity AB B (ST:ESSITYb) shed 2.30% or 6.20 points to 263.80.
Declining stocks outnumbered rising ones by 524 to 249 and 60 ended unchanged on the Stockholm Stock Exchange.
In commodities trading, Crude oil for July delivery was up 5.51% or 3.75 to $71.79 a barrel. Meanwhile, Brent oil for delivery in August rose 5.45% or 3.78 to hit $73.14 a barrel, while the August Gold Futures contract rose 1.18% or 40.15 to trade at $3,442.55 a troy ounce.
EUR/SEK was up 0.22% to 10.96, while USD/SEK rose 0.45% to 9.49.
The US Dollar Index Futures was up 0.17% at 98.07.