Norway shares lower at close of trade; Oslo OBX down 2.41%

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Norway shares lower at close of trade; Oslo OBX down 2.41%
Credit: © Reuters. – Norway equities were lower at the close on Monday, as losses in the Diversified Financials , Pharma Biotech & Life Sciences and Auto & components sectors propelled shares lower.

At the close in Oslo, the Oslo OBX lost 2.41% to hit a new 6-month low.

The biggest gainers of the session on the Oslo OBX were SalMar ASA (OL: SALM ), which fell 0.30% or 1.40 points to trade at 468.60 at the close. Schibsted ASA A (OL: SBSTA ) fell 0.68% or 2.0 points to end at 294.2 and Gjensidige Forsikring ASA (OL: GJFS ) was down 0.92% or 1.2 points to 129.5 in late trade.

Biggest losers included Petroleum Geo - Services ASA (OL: PGS ), which lost 8.67% or 1.52 points to trade at 16.02 in late trade. TGS-NOPEC Geophysical Company ASA (OL: TGS ) declined 7.01% or 16.8 points to end at 223.0 and Norwegian Finans Holding ASA (OL: NOFI ) shed 6.69% or 4.80 points to 67.00.

Declining stocks outnumbered rising ones by 163 to 27 and 20 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for January delivery was down 1.96% or 1.03 to $51.58 a barrel. Meanwhile, Brent oil for delivery in February fell 1.35% or 0.83 to hit $60.84 a barrel, while the February Gold Futures contract fell 0.14% or 1.70 to trade at $1250.90 a troy ounce.

EUR/NOK was up 0.38% to 9.7168, while USD/NOK rose 0.44% to 8.5436.

The US Dollar Index Futures was up 0.58% at 97.032.

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