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Norway shares lower at close of trade; Oslo OBX down 0.75%

Published 23/09/2015, 17:05
© Reuters.  Norway shares lower at close of trade; Oslo OBX down 0.75%

Investing.com – Norway equities were lower at the close on Wednesday, as losses in the Real Estate, Auto & components and Hotels, Restaurants & Leisure sectors propelled shares lower.

At the close in Oslo, the Oslo OBX declined 0.75%.

The biggest gainers of the session on the Oslo OBX were Fred. Olsen Energy ASA (OSLO:FOE), which rose 3.08% or 1.2 points to trade at 41.1 at the close. Bw Lpg (OSLO:BWLPG) added 2.10% or 1.10 points to end at 53.45 and Storebrand ASA (OSLO:STB) was up 1.96% or 0.59 points to 30.70 in late trade.

Biggest losers included Renewable Energy Corporation ASA (OSLO:REC), which lost 5.05% or 0.08 points to trade at 1.47 in late trade. Subsea 7 SA (OSLO:SUBC) declined 3.93% or 2.6 points to end at 63.5 and Det norske oljeselskap ASA (OSLO:DETNOR) shed 3.37% or 1.60 points to 45.87.

Declining stocks outnumbered rising ones by 95 to 79 and 6 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for November delivery was down 2.26% or 1.05 to $45.31 a barrel. Meanwhile, Brent oil for delivery in November fell 1.09% or 0.54 to hit $48.55 a barrel, while the December Gold contract rose 0.59% or 6.60 to trade at $1131.40 a troy ounce.

EUR/NOK was up 0.38% to 9.2504, while USD/NOK rose 0.04% to 8.2852.

The US Dollar Index was down 0.07% at 96.43.

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