Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.82%

Sweden's stock market closed lower on Friday, following a decline in the OMX Stockholm 30 index by 0.82%. The decline was driven by losses in the Telecoms, Basic Materials, and Financials sectors. The ABB Ltd, one of the best performers of the session, rose 1.50% or 14.20 points to trade at 962.60. AstraZeneca PLC added 0.74% or 12.00 points to close at 1,638.50, while ASSA ABLOY AB saw a 0.49% or 1.70 point increase, ending at 347.80.

On the downside, Telia Company AB fell 3.88% or 1.86 points to 46.03, Evolution AB declined 3.80% or 34.20 points to 865.80, and Tele2 AB dropped 2.74% or 4.75 points to 168.50. A total of 482 stocks declined, compared to 254 that advanced, with 76 ending unchanged. The commodity prices also saw a downward trend, with crude oil for October delivery falling by 0.03% to $101.88 a barrel, Brent oil for November delivery dropping 0.42% to $104.38, and December Gold Futures falling 0.14% to $4,393.72 per troy ounce.

The EUR/SEK pair rose 0.35% to 11.31, and USD/SEK increased by 0.44% to 9.86, while the US Dollar Index Futures gained 0.12% at 100.11.