Sweden shares lower at close of trade; OMX Stockholm 30 down 1.44%

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Sweden shares lower at close of trade; OMX Stockholm 30 down 1.44%
Credit: © Reuters.

Investing.com – Sweden equities were lower at the close on Wednesday, as losses in the Telecoms , Financials and Consumer Goods sectors propelled shares lower.

At the close in Stockholm, the OMX Stockholm 30 fell 1.44%.

The biggest gainers of the session on the OMX Stockholm 30 were H & M Hennes & Mauritz AB B (ST: HMb ), which rose 1.58% or 2.0 points to trade at 130.0 at the close. Tele2 AB (ST: TEL2b ) added 1.14% or 1.15 points to end at 102.05 and Svenska Cellulosa SCA AB B (ST: SCAb ) was up 0.16% or 0.1 points to 89.8 in late trade.

Biggest losers included Telia Company AB (ST: TELIA ), which lost 4.18% or 1.64 points to trade at 37.63 in late trade. Skandinaviska Enskilda Banken AB A (ST: SEBa ) declined 2.69% or 2.30 points to end at 83.28 and Swedbank AB ser A (ST: SWEDa ) shed 2.38% or 4.4 points to 180.8.

Declining stocks outnumbered rising ones by 383 to 214 and 65 ended unchanged on the Stockholm Stock Exchange.

In commodities trading, Crude oil for May delivery was up 2.35% or 1.54 to $67.05 a barrel. Meanwhile, Brent oil for delivery in June rose 2.01% or 1.43 to hit $72.47 a barrel, while the June Gold Futures contract rose 1.43% or 19.20 to trade at $1365.10 a troy ounce.

EUR/SEK was up 0.42% to 10.3082, while USD/SEK rose 0.21% to 8.3255.

The US Dollar Index Futures was down 0.19% at 89.15.

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