Investing.com – Norway equities were higher at the close on Monday, as gains in the Materials, Auto & components and Diversified Financials sectors propelled shares higher.
At the close in Oslo, the Oslo OBX added 0.13% to hit a new 52-week high.
The biggest gainers of the session on the Oslo OBX were Norsk Hydro ASA (OL:NHY), which rose 2.29% or 0.80 points to trade at 35.77 at the close. Bw Lpg (OL:BWLPG) added 2.22% or 0.56 points to end at 25.80 and Subsea 7 SA (OL:SUBC) was up 1.04% or 0.9 points to 92.2 in late trade.
Biggest losers included Seadrill Limited (OL:SDRL), which lost 3.22% or 0.6 points to trade at 18.6 in late trade. Petroleum Geo - Services ASA (OL:PGS) declined 2.97% or 0.75 points to end at 24.54 and Frontline Ltd (OL:FRO) shed 2.35% or 1.50 points to 62.40.
Declining stocks outnumbered rising ones by 93 to 77 and 32 ended unchanged on the Oslo Stock Exchange.
In commodities trading, Crude oil for December delivery was down 1.40% or 0.71 to $50.14 a barrel. Meanwhile, Brent oil for delivery in December fell 1.29% or 0.67 to hit $51.11 a barrel, while the December Gold contract fell 0.40% or 5.05 to trade at $1262.65 a troy ounce.
EUR/NOK was down 0.10% to 8.9818, while USD/NOK fell 0.13% to 8.2502.
The US Dollar Index was up 0.10% at 98.72.