1 month ago
Stock Market

Norway stocks lower at close of trade; Oslo OBX down 0.53%

Investing.com – Norway stocks were lower after the close on Wednesday, as losses in the Transport, Pharma Biotech&Life Sciences and

Investing.com – Norway stocks were lower after the close on Wednesday, as losses in the Transport, Pharma Biotech&Life Sciences and Energy sectors led shares lower.

At the close in Oslo, the Oslo OBX declined 0.53%.

The best performers of the session on the Oslo OBX were BW Offshore Ltd (OL:BWO), which rose 2.14% or 0.850 points to trade at 40.500 at the close. Meanwhile, Nel ASA (OL:NEL) added 1.88% or 0.100 points to end at 5.430 and Subsea 7 SA (OL:SUBC) was up 1.03% or 1.0 points to 96.1 in late trade.

The worst performers of the session were Golden Ocean Group Ltd (OL:GOGLT), which fell 3.41% or 1.80 points to trade at 51.00 at the close. TGS-NOPEC Geophysical Company ASA (OL:TGS) declined 2.48% or 6.1 points to end at 239.9 and Petroleum Geo - Services ASA (OL:PGS) was down 2.38% or 0.43 points to 17.68.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 126 to 54 and 30 ended unchanged.

Shares in Nel ASA (OL:NEL) rose to 5-year highs; rising 1.88% or 0.100 to 5.430.

Crude oil for March delivery was down 1.75% or 0.93 to $52.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.67% or 1.03 to hit $60.47 a barrel, while the February Gold Futures contract rose 0.08% or 1.00 to trade at $1284.40 a troy ounce.

EUR/NOK was up 0.08% to 9.7752, while USD/NOK fell 0.22% to 8.5807.

The US Dollar Index Futures was down 0.24% at 95.727.