Sweden shares lower at close of trade; OMX Stockholm 30 down 1.29% By Investing.com

Sweden shares lower at close of trade; OMX Stockholm 30 down 1.29%

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Investing.com – Sweden equities were lower at the close on Friday, as losses in the Oil & Gas, Healthcare and Telecoms sectors propelled shares lower.

At the close in Stockholm, the OMX Stockholm 30 fell 1.29% to hit a new 52-week low.

The biggest gainers of the session on the OMX Stockholm 30 were Essity AB B (ST:ESSITYb), which rose 2.14% or 4.70 points to trade at 224.00 at the close. Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) added 0.68% or 0.35 points to end at 51.91 and Electrolux, AB ser. B (ST:ELUXb) was down 0.30% or 0.8 points to 262.2 in late trade.

Biggest losers included Kinnevik, Investment AB ser. B (ST:KINVb), which lost 3.42% or 9.6 points to trade at 271.2 in late trade. AstraZeneca PLC (ST:AZN) declined 2.67% or 14.8 points to end at 539.5 and ABB Ltd (ST:ABB) shed 2.35% or 4.7 points to 195.0.

Declining stocks outnumbered rising ones by 436 to 180 and 43 ended unchanged on the Stockholm Stock Exchange.

In commodities trading, Crude oil for March delivery was down 3.19% or 1.95 to $59.20 a barrel. Meanwhile, Brent oil for delivery in April fell 3.01% or 1.95 to hit $62.86 a barrel, while the April Gold Futures contract rose 0.17% or 2.20 to trade at $1321.20 a troy ounce.

EUR/SEK was down 0.28% to 9.9150, while USD/SEK fell 0.05% to 8.1133.

The US Dollar Index Futures was up 0.20% at 90.37.

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