Stockholm Stock Exchange Ends Week with Broad Decline

In line with leading stock exchanges in Europe, the Stockholm Stock Exchange ended the trading week in the red. The broad OMXS index fell by 0.5 percent.

Friday's decline in Stockholm was widespread, with few companies in the OMXS30 trading in positive territory. Among them was the defense group Saab, which announced an order from FMV for additional combat boats, rising by 0.6 percent.

The clothing giant H&M also stayed above zero, up 0.2 percent, after the owning family continued to purchase shares in the company. The best performer among the large companies was the pharmaceutical company Astra Zeneca, up 1.4 percent.

On the downside, the mining company Boliden led the decline, falling 2 percent, followed by truck manufacturer Volvo AB and the Wallenberg sphere's power company EQT, down 1.7 and 1.4 percent, respectively.

All four major banks were dragged down, declining between 1 percent (Swedbank) and 1.3 percent (SEB).

However, looking at the trading week as a whole, the Stockholm Stock Exchange saw a positive outcome, up 0.5 percent.

Similarly, the leading European stock exchanges in Paris and Frankfurt also saw declines. The London Stock Exchange closed unchanged.

On Friday, July 4, U.S. stock markets remained closed to celebrate the country's Independence Day.