The Stockholm Stock Exchange closed lower on Friday. Market activity was marked by Sectra's year-end report, while Xspray Pharma plummeted following a negative FDA decision.

U.S. employment data showed stronger-than-expected job growth in May. Wall Street opened the session lower, with technology stocks leading the decline.

At the close, the OMXS30 index was down 0.60 percent at 3,116.40. Shares worth approximately SEK 22.1 billion were traded on the Stockholm Stock Exchange.

Among the major industrial sectors, consumer staples performed best with a 0.7 percent gain. At the other end of the spectrum, technology lagged with a 2.7 percent decline.

Among the blue-chip stocks in the OMXS30 index, Astra Zeneca rose 2.1 percent while SEB A gained 1.9 percent. Boliden saw the weakest performance, falling 4.3 percent, while Ericsson B dropped 2.6 percent.

Medical technology company Sectra reported increased revenue and higher operating profit for the fourth quarter, although order intake declined. The board proposed a total dividend of SEK 2.30 per share, up from SEK 2.10 last year. The stock slipped 1.2 percent.

Research firm Xspray Pharma received a Complete Response Letter from the U.S. FDA, which currently declines to approve the application for Nilopki. The agency cited three remaining issues, and the company aims to resubmit its application as soon as possible. The news was met with a sharp sell-off, sending the stock down 28 percent.

Forestry and garden products company Husqvarna announced several changes to its executive management. Patrik Johnsson has been appointed as the new CFO, effective September 11. He joins from a similar role at Indutrade and succeeds Terry Burke, who will leave the company on July 31. The stock retreated 0.7 percent.

Niche bank Norion Bank has completed its SEK 500 million share buyback program. The board has decided to initiate a new buyback program of SEK 500 million. The stock rose 1.4 percent.

Nordea upgraded its recommendation for communication services company Sinch to buy with a target price of SEK 50. The stock initially rose but pulled back to close 3.6 percent lower.

Hotel property company Pandox fell 1.3 percent, despite SEB resuming coverage with a buy rating and a target price of SEK 205.

Climate control company Munters gained 0.2 percent after UBS initiated coverage with a buy rating and a target price of SEK 245.

In the financial sector, SEB rose following a buy recommendation from DNB Carnegie, while Nordnet climbed 2.7 percent supported by a buy rating from Berenberg.