Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.48%

Sweden's stock market experienced an upward trend at the close of trade on Monday, with gains in the Basic Materials, Financials and Technology sectors driving a rise in the OMX Stockholm 30 index by 0.48%. The Best performers of the day were EQT AB, Boliden AB and Epiroc AB, which all recorded gains of 3.24%, 3.22% and 3.13% respectively, adding 10.00, 16.10 and 7.50 points to their respective prices.

Conversely, Saab AB, Nordea Bank Abp and Telia Company AB were among the worst performers, falling by 3.10%, 1.06% and 0.99% respectively. On the Stockholm Stock Exchange, 396 stocks closed higher than 336, while 71 ended unchanged. Crude oil for December delivery experienced a decline of 7.25% to $96.57 a barrel, while Brent oil for January delivery decreased by 7.81% to $104.57 a barrel.

Meanwhile, the price of Gold Futures for December rose by 2.02% to $3,977.60 a troy ounce. The EUR/SEK currency pair increased by 0.06% to 10.96, while USD/SEK saw a decline of 0.35% to 9.78. The US Dollar Index Futures also decreased by 0.21% to 101.53.