Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.53%

Investing.com – Sweden stocks were lower after the close on Friday, as losses in the Basic Materials, Oil & Gas and Industrials sectors led shares lower.

At the close in Stockholm, the OMX Stockholm 30 declined 0.53%.

The best performers of the session on the OMX Stockholm 30 were Tele2 AB (ST:TEL2b), which rose 1.51% or 1.75 points to trade at 117.70 at the close. Meanwhile, Telia Company AB (ST:TELIA) added 1.41% or 0.47 points to end at 33.85 and Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) was up 1.28% or 0.98 points to 77.28 in late trade.

The worst performers of the session were AB SKF B (ST:SKFb), which fell 4.74% or 9.70 points to trade at 193.80 at the close. Electrolux AB Class B (ST:ELUXb) declined 4.05% or 4.00 points to end at 95.30 and Svenska Cellulosa SCA AB B (ST:SCAb) was down 2.39% or 3.50 points to 143.20.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 437 to 309 and 93 ended unchanged.

Shares in Telia Company AB (ST:TELIA) rose to 52-week highs; rising 1.41% or 0.47 to 33.85. Shares in Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) rose to 52-week highs; gaining 1.28% or 0.98 to 77.28.

Crude oil for November delivery was down 0.15% or 0.11 to $71.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.44% or 0.33 to hit $74.55 a barrel, while the December Gold Futures contract rose 1.25% or 32.65 to trade at $2,647.25 a troy ounce.

EUR/SEK was up 0.31% to 11.37, while USD/SEK rose 0.30% to 10.18.

The US Dollar Index Futures was up 0.09% at 100.41.