Norway shares higher at close of trade; Oslo OBX up 0.35%

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Norway shares higher at close of trade; Oslo OBX up 0.35%
Credit: © Reuters.

Investing.com – Norway equities were higher at the close on Wednesday, as gains in the Auto & components , Pharma Biotech & Life Sciences and Technology Hardware & Equipment sectors propelled shares higher.

At the close in Oslo, the Oslo OBX gained 0.35%.

The biggest gainers of the session on the Oslo OBX were Petroleum Geo - Services ASA (OL: PGS ), which rose 8.04% or 0.95 points to trade at 12.76 at the close. Nel ASA (OL: NEL ) added 7.07% or 0.330 points to end at 4.940 and DNO International ASA (OL: DNO ) was up 3.51% or 0.44 points to 12.99 in late trade.

Biggest losers included Norwegian Air Shuttle ASA (OL: NWC ), which lost 2.08% or 3.60 points to trade at 169.85 in late trade. Storebrand ASA (OL: STB ) declined 1.95% or 1.20 points to end at 60.44 and Norsk Hydro ASA (OL: NHY ) shed 1.94% or 0.76 points to 38.45.

Advancing stocks outnumbered falling ones by 114 to 74 and 22 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for February delivery was up 4.01% or 1.82 to $47.23 a barrel. Meanwhile, Brent oil for delivery in March rose 3.83% or 2.06 to hit $55.86 a barrel, while the February Gold Futures contract rose 0.50% or 6.40 to trade at $1287.70 a troy ounce.

EUR/NOK was down 0.26% to 9.8773, while USD/NOK rose 0.68% to 8.6986.

The US Dollar Index Futures was up 0.64% at 96.352.

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