Sweden shares higher at close of trade; OMX Stockholm 30 up 0.85%

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Sweden shares higher at close of trade; OMX Stockholm 30 up 0.85%
Credit: © Reuters.

Investing.com – Sweden equities were higher at the close on Friday, as gains in the Technology , Basic Materials and Industrials sectors propelled shares higher.

At the close in Stockholm, the OMX Stockholm 30 rose 0.85% to hit a new 1-month high.

The biggest gainers of the session on the OMX Stockholm 30 were Volvo, AB ser. B (ST: VOLVb ), which rose 3.76% or 4.55 points to trade at 125.50 at the close. Telefonaktiebolaget LM Ericsson Class B (ST: ERICb ) added 3.46% or 2.72 points to end at 81.30 and AB SKF B (ST: SKFb ) was up 2.70% or 4.0 points to 150.1 in late trade.

Biggest losers included Telia Company AB (ST: TELIA ), which lost 4.80% or 2.00 points to trade at 39.69 in late trade. AstraZeneca PLC (ST: AZN ) declined 1.28% or 8.4 points to end at 649.2 and Swedish Match AB (ST: SWMA ) shed 0.37% or 1.5 points to 398.9.

Advancing stocks outnumbered falling ones by 390 to 254 and 45 ended unchanged on the Stockholm Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.79% or 0.42 to $53.55 a barrel. Meanwhile, Brent oil for delivery in March rose 0.54% or 0.33 to hit $61.42 a barrel, while the February Gold Futures contract rose 1.31% or 16.75 to trade at $1296.55 a troy ounce.

EUR/SEK was up 0.59% to 10.3307, while USD/SEK fell 0.29% to 9.0584.

The US Dollar Index Futures was down 0.75% at 95.572.

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