Investing.com – Sweden equities were lower at the close on Wednesday, as losses in the Technology, Basic Materials and Industrials sectors propelled shares lower.
At the close in Stockholm, the OMX Stockholm 30 declined 1.90% to hit a new 1-month low.
The biggest gainers of the session on the OMX Stockholm 30 were Electrolux, AB ser. B (ST:ELUXb), which rose 0.25% or 0.6 points to trade at 240.3 at the close. Swedish Match AB (ST:SWMA) fell 0.50% or 1.3 points to end at 258.2 and ABB Ltd (ST:ABB) was down 0.88% or 1.5 points to 168.7 in late trade.
Biggest losers included Sandvik AB (ST:SAND), which lost 3.73% or 3.30 points to trade at 85.20 in late trade. Boliden AB (ST:BOL) declined 3.56% or 5.50 points to end at 149.00 and Telefonaktiebolaget L M Ericsson B (ST:ERICb) shed 3.35% or 3.00 points to 86.50.
Declining stocks outnumbered rising ones by 359 to 73 and 7 ended unchanged on the Stockholm Stock Exchange.
In commodities trading, Crude oil for October delivery was down 4.01% or 1.73 to $41.39 a barrel. Meanwhile, Brent oil for delivery in October fell 3.35% or 1.64 to hit $47.17 a barrel, while the December Gold contract rose 1.00% or 11.20 to trade at $1128.10 a troy ounce.
EUR/SEK was up 0.68% to 9.4918, while USD/SEK rose 0.39% to 8.5816.
The US Dollar Index was down 0.11% at 96.88.