Norway shares lower at close of trade; Oslo OBX down 3.54%

  • Stock Market News
Norway shares lower at close of trade; Oslo OBX down 3.54%
Credit: © Reuters. – Norway equities were lower at the close on Thursday, as losses in the Pharma Biotech & Life Sciences , Transport and Technology Hardware & Equipment sectors propelled shares lower.

At the close in Oslo, the Oslo OBX declined 3.54% to hit a new 6-month low.

The biggest gainers of the session on the Oslo OBX were Telenor ASA (OL: TEL ), which fell 0.55% or 0.9 points to trade at 162.5 at the close. SalMar ASA (OL: SALM ) fell 1.72% or 8.20 points to end at 467.60 and P/f Bakkafrost (OL: BAKKA ) was down 2.30% or 10.40 points to 441.80 in late trade.

Biggest losers included Norwegian Air Shuttle ASA (OL: NWC ), which lost 15.36% or 32.75 points to trade at 196.30 in late trade. Petroleum Geo - Services ASA (OL: PGS ) declined 9.23% or 1.64 points to end at 16.81 and Golden Ocean Group Ltd (OL: GOGLT ) shed 7.90% or 4.95 points to 60.05.

Declining stocks outnumbered rising ones by 173 to 20 and 11 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for January delivery was down 3.61% or 1.91 to $50.98 a barrel. Meanwhile, Brent oil for delivery in February fell 3.70% or 2.28 to hit $59.28 a barrel, while the February Gold Futures contract rose 0.23% or 2.90 to trade at $1245.50 a troy ounce.

EUR/NOK was up 0.58% to 9.7053, while USD/NOK rose 0.31% to 8.5317.

The US Dollar Index Futures was down 0.27% at 96.745.

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