Investing.com – Norway equities were higher at the close on Wednesday, as gains in the Banking, Energy and Materials sectors propelled shares higher.
At the close in Oslo, the Oslo OBX gained 1.93% to hit a new 1-month high.
The biggest gainers of the session on the Oslo OBX were Akastor ASA (OL:AKAS), which rose 11.44% or 1.1 points to trade at 11.2 at the close. Fred. Olsen Energy ASA (OL:FOE) added 10.76% or 4.6 points to end at 47.2 and Renewable Energy Corporation ASA (OL:REC) was up 8.61% or 0.13 points to 1.63 in late trade.
Biggest losers included Storebrand ASA (OL:STB), which lost 1.33% or 0.41 points to trade at 30.34 in late trade. Golden Ocean Group Ltd (OL:GOGLT) declined 0.63% or 0.10 points to end at 15.80 and Norwegian Air Shuttle ASA (OL:NWC) shed 0.41% or 1.3 points to 316.7.
Advancing stocks outnumbered falling ones by 122 to 65 and 4 ended unchanged on the Oslo Stock Exchange.
In commodities trading, Crude oil for December delivery was down 2.92% or 1.40 to $46.50 a barrel. Meanwhile, Brent oil for delivery in December fell 3.33% or 1.69 to hit $48.85 a barrel, while the December Gold contract fell 0.10% or 1.10 to trade at $1113.00 a troy ounce.
EUR/NOK was up 0.55% to 9.3780, while USD/NOK rose 1.53% to 8.6364.
The US Dollar Index was up 0.82% at 98.04.