2 months ago
Stock Market

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

Investing.com – Norway stocks were lower after the close on Thursday, as losses in the Technology Hardware&Equipment, Food, Beverages&Tobacco and

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

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

The best performers 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. Meanwhile, 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.

The worst performers of the session were BW Offshore Ltd (OL:BWO), which fell 8.33% or 2.700 points to trade at 29.700 at the close. Petroleum Geo - Services ASA (OL:PGS) declined 8.30% or 0.97 points to end at 10.66 and Grieg Seafood (OL:GSFO) was down 8.00% or 8.80 points to 101.20.

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

Shares in BW Offshore Ltd (OL:BWO) fell to 52-week lows; down 8.33% or 2.700 to 29.700. Shares in Petroleum Geo - Services ASA (OL:PGS) fell to 5-year lows; losing 8.30% or 0.97 to 10.66. Shares in DnB ASA (OL:DNB) fell to 52-week lows; falling 1.52% or 2.1 to 136.4.

Crude oil for February delivery was down 3.65% or 1.70 to $44.91 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 3.71% or 2.05 to hit $53.24 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 0.87% to 10.0388, while USD/NOK rose 0.28% to 8.7911.

The US Dollar Index Futures was down 0.42% at 96.170.