Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.32%

Sweden stocks were lower after the close on Thursday, as losses in the Telecoms, Oil & Gas and Basic Materials sectors led shares lower.

At the close in Stockholm, the OMX Stockholm 30 lost 0.32%.

The best performers of the session on the OMX Stockholm 30 were Nibe Industrier AB (ST:NIBEb), which rose 2.11% or 1.00 points to trade at 46.00 at the close. Meanwhile, Essity AB Class B (ST:ESSITYb) added 1.92% or 5.50 points to end at 292.50 and Volvo AB Class B (ST:VOLVb) was up 1.70% or 5.30 points to 316.80 in late trade.

The worst performers of the session were ABB Ltd (ST:ABB), which fell 4.34% or 36.80 points to trade at 810.80 at the close. Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) declined 4.24% or 4.55 points to end at 102.80 and Saab AB (ST:SAABb) was down 4.22% or 27.10 points to 615.10.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 418 to 324 and 59 ended unchanged.

Shares in Essity AB Class B (ST:ESSITYb) rose to 52-week highs; up 1.92% or 5.50 to 292.50.

Crude oil for December delivery was up 2.37% or 2.09 to $90.21 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 2.33% or 2.20 to hit $96.82 a barrel, while the December Gold Futures contract rose 1.48% or 60.09 to trade at $4,133.09 a troy ounce.

EUR/SEK was up 0.65% to 10.99, while USD/SEK rose 0.59% to 9.79.

The US Dollar Index Futures was down 0.11% at 101.32.