Norway shares lower at close of trade; Oslo OBX down 2.63%

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Norway shares lower at close of trade; Oslo OBX down 2.63%
Credit: © Reuters.

Investing.com – Norway equities were lower at the close on Thursday, as losses in the Technology Hardware & Equipment , Food, Beverages & Tobacco and Auto & components sectors propelled shares lower.

At the close in Oslo, the Oslo OBX declined 2.63% to hit a new 6-month low.

The biggest gainers of the session on the Oslo OBX were Subsea 7 SA (OL: SUBC ), which fell 0.25% or 0.2 points to trade at 80.2 at the close. Gjensidige Forsikring ASA (OL: GJFS ) fell 0.82% or 1.1 points to end at 133.7 and DnB ASA (OL: DNB ) was down 1.52% or 2.1 points to 136.4 in late trade.

Biggest losers included BW Offshore Ltd (OL: BWO ), which lost 8.33% or 2.700 points to trade at 29.700 in late trade. Petroleum Geo - Services ASA (OL: PGS ) declined 8.30% or 0.97 points to end at 10.66 and Grieg Seafood (OL: GSFO ) shed 8.00% or 8.80 points to 101.20.

Declining stocks outnumbered rising ones by 143 to 53 and 13 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for February delivery was down 3.63% or 1.69 to $44.92 a barrel. Meanwhile, Brent oil for delivery in March fell 3.67% or 2.03 to hit $53.26 a barrel, while the February Gold Futures contract rose 0.72% or 9.10 to trade at $1278.85 a troy ounce.

EUR/NOK was up 0.86% to 10.0379, while USD/NOK rose 0.27% to 8.7901.

The US Dollar Index Futures was down 0.42% at 96.172.

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