Norway shares lower at close of trade; Oslo OBX down 1.54%

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Norway shares lower at close of trade; Oslo OBX down 1.54%
Credit: © Reuters.

Investing.com – Norway equities were lower at the close on Wednesday, as losses in the Technology Hardware & Equipment , Materials and Utilities sectors propelled shares lower.

At the close in Oslo, the Oslo OBX fell 1.54%.

The biggest gainers of the session on the Oslo OBX were DNO International ASA (OL: DNO ), which rose 1.35% or 0.25 points to trade at 18.75 at the close. Norwegian Finans Holding ASA (OL: NOFI ) added 0.25% or 0.25 points to end at 98.95 and Gjensidige Forsikring ASA (OL: GJFS ) was up 0.23% or 0.3 points to 131.9 in late trade.

Biggest losers included TGS-NOPEC Geophysical Company ASA (OL: TGS ), which lost 6.67% or 22.7 points to trade at 317.6 in late trade. Petroleum Geo - Services ASA (OL: PGS ) declined 4.97% or 1.91 points to end at 36.50 and Subsea 7 SA (OL: SUBC ) shed 3.58% or 4.0 points to 109.2.

Declining stocks outnumbered rising ones by 117 to 65 and 23 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for September delivery was down 3.39% or 2.27 to $64.77 a barrel. Meanwhile, Brent oil for delivery in October fell 2.58% or 1.87 to hit $70.59 a barrel, while the December Gold Futures contract fell 1.51% or 18.10 to trade at $1182.60 a troy ounce.

EUR/NOK was up 0.59% to 9.6036, while USD/NOK rose 0.70% to 8.4749.

The US Dollar Index Futures was up 0.12% at 96.67.

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