2 months ago
Stock Market

Norway stocks higher at close of trade; Oslo OBX up 1.22%

Investing.com – Norway stocks were higher after the close on Wednesday, as gains in the Food, Beverages&Tobacco, Capital Goods and

Investing.com – Norway stocks were higher after the close on Wednesday, as gains in the Food, Beverages&Tobacco, Capital Goods and Telecoms sectors led shares higher.

At the close in Oslo, the Oslo OBX rose 1.22%.

The best performers of the session on the Oslo OBX were P/f Bakkafrost (OL:BAKKA), which rose 6.87% or 29.40 points to trade at 457.40 at the close. Meanwhile, Grieg Seafood (OL:GSFO) added 5.99% or 6.40 points to end at 113.30 and SalMar ASA (OL:SALM) was up 5.02% or 23.00 points to 480.80 in late trade.

The worst performers of the session were Golden Ocean Group Ltd (OL:GOGLT), which fell 4.53% or 2.50 points to trade at 52.52 at the close. Petroleum Geo - Services ASA (OL:PGS) declined 3.03% or 0.40 points to end at 12.65 and Norwegian Air Shuttle ASA (OL:NWC) was down 2.65% or 5.15 points to 189.35.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 95 to 85 and 26 ended unchanged.

Shares in Golden Ocean Group Ltd (OL:GOGLT) fell to 52-week lows; down 4.53% or 2.50 to 52.52. Shares in Petroleum Geo - Services ASA (OL:PGS) fell to 52-week lows; losing 3.03% or 0.40 to 12.65.

Crude oil for February delivery was up 2.90% or 1.35 to $47.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.29% or 1.29 to hit $57.55 a barrel, while the February Gold Futures contract rose 0.42% or 5.30 to trade at $1258.90 a troy ounce.

EUR/NOK was down 0.26% to 9.8977, while USD/NOK fell 0.74% to 8.6677.

The US Dollar Index Futures was down 0.46% at 96.127.