Investing.com – Sweden stocks were lower after the close on Monday, as losses in the Oil & Gas, Basic Materials and Telecoms sectors led shares lower.
At the close in Stockholm, the OMX Stockholm 30 lost 4.50% to hit a new 6-months low.
The best performers of the session on the OMX Stockholm 30 were Alfa Laval AB (ST:ALFA), which fell 2.19% or 3.1 points to trade at 138.6 at the close. Meanwhile, Electrolux, AB ser. B (ST:ELUXb) fell 2.68% or 6.2 points to end at 225.3 and Investor AB ser. B (ST:INVEb) was down 2.95% or 8.9 points to 292.5 in late trade.
The worst performers of the session were Lundin Petroleum AB (ST:LUPE), which fell 8.21% or 9.10 points to trade at 101.70 at the close. SSAB AB ser. A (ST:SSABa) declined 7.37% or 2.67 points to end at 33.55 and Nokia Oyj (ST:NOKIA) was down 6.78% or 3.56 points to 48.94.
Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 430 to 18 and 1 ended unchanged.
Shares in SSAB AB ser. A (ST:SSABa) fell to 5-year lows; down 7.37% or 2.67 to 33.55. Shares in Nokia Oyj (ST:NOKIA) fell to 52-week lows; down 6.78% or 3.56 to 48.94.
Crude oil for October delivery was down 4.47% or 1.81 to $38.64 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 4.74% or 2.15 to hit $43.30 a barrel, while the December Gold contract fell 0.06% or 0.70 to trade at $1158.90 a troy ounce.
EUR/SEK was up 0.81% to 9.5883, while USD/SEK fell 0.92% to 8.2790.
The US Dollar Index was down 1.42% at 93.49.