Investing.com – Sweden stocks were lower after the close on Wednesday, as losses in the Technology, Basic Materials and Industrials sectors led shares lower.
At the close in Stockholm, the OMX Stockholm 30 lost 1.90% to hit a new 1-month low.
The best performers of the session on the OMX Stockholm 30 were Electrolux, AB ser. B (ST:ELUXb), which rose 0.25% or 0.6 points to trade at 240.3 at the close. Meanwhile, Swedish Match AB (ST:SWMA) fell 0.50% or 1.3 points to end at 258.2 and ABB Ltd (ST:ABB) was down 0.88% or 1.5 points to 168.7 in late trade.
The worst performers of the session were Sandvik AB (ST:SAND), which fell 3.73% or 3.30 points to trade at 85.20 at the close. Boliden AB (ST:BOL) declined 3.56% or 5.50 points to end at 149.00 and Telefonaktiebolaget L M Ericsson B (ST:ERICb) was down 3.35% or 3.00 points to 86.50.
Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 359 to 73 and 7 ended unchanged.
Crude oil for October delivery was down 3.90% or 1.68 to $41.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 3.25% or 1.58 to hit $47.23 a barrel, while the December Gold contract rose 1.00% or 11.20 to trade at $1128.10 a troy ounce.
EUR/SEK was up 0.68% to 9.4918, while USD/SEK rose 0.39% to 8.5815.
The US Dollar Index was down 0.11% at 96.88.