Norway shares lower at close of trade; Oslo OBX down 0.70%

  • Stock Market News
Norway shares lower at close of trade; Oslo OBX down 0.70%
Credit: © Reuters. – Norway equities were lower at the close on Thursday, as losses in the Technology Hardware & Equipment , Insurance and Diversified Financials sectors propelled shares lower.

At the close in Oslo, the Oslo OBX lost 0.70% to hit a new 3-month low.

The biggest gainers of the session on the Oslo OBX were Subsea 7 SA (OL: SUBC ), which rose 4.42% or 4.3 points to trade at 101.8 at the close. TGS-NOPEC Geophysical Company ASA (OL: TGS ) added 1.44% or 3.6 points to end at 254.8 and Golden Ocean Group Ltd (OL: GOGLT ) was up 0.89% or 0.50 points to 56.65 in late trade.

Biggest losers included REC Silicon ASA (OL: REC ), which lost 7.46% or 0.05 points to trade at 0.62 in late trade. Petroleum Geo - Services ASA (OL: PGS ) declined 6.56% or 1.44 points to end at 20.52 and Norwegian Air Shuttle ASA (OL: NWC ) shed 4.23% or 9.40 points to 215.26.

Declining stocks outnumbered rising ones by 121 to 53 and 25 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for December delivery was up 1.35% or 0.76 to $57.01 a barrel. Meanwhile, Brent oil for delivery in January rose 1.51% or 1.00 to hit $67.12 a barrel, while the December Gold Futures contract rose 1.23% or 14.80 to trade at $1214.00 a troy ounce.

EUR/NOK was down 0.20% to 9.6046, while USD/NOK fell 0.29% to 8.4848.

The US Dollar Index Futures was up 0.32% at 96.97.

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