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Norway shares lower at close of trade; Oslo OBX down 0.38%

Published 18/12/2024, 15:55
© Reuters Norway shares lower at close of trade; Oslo OBX down 0.38%
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Investing.com – Norway equities were lower at the close on Wednesday, as losses in the Media, Transport and Diversified Financials sectors propelled shares lower.

At the close in Oslo, the Oslo OBX lost 0.38% to hit a new 1-month low.

The biggest gainers of the session on the Oslo OBX were Nel ASA (OL:NEL), which rose 5.45% or 0.16 points to trade at 3.15 at the close. Borr Drilling Ltd (OL:BORR) added 3.25% or 1.36 points to end at 43.20 and Golden Ocean Group Ltd (OL:GOGL) was up 2.60% or 2.55 points to 100.55 in late trade.

Biggest losers included Yara International ASA (OL:YAR), which lost 3.05% or 9.60 points to trade at 305.30 in late trade. SalMar ASA (OL:SALM) declined 1.69% or 9.50 points to end at 552.00 and Telenor ASA (OL:TEL) shed 1.64% or 2.10 points to 126.30.

Advancing stocks outnumbered falling ones by 158 to 120 and 28 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for January delivery was up 0.66% or 0.46 to $70.54 a barrel. Meanwhile, Brent oil for delivery in February rose 1.00% or 0.73 to hit $73.92 a barrel, while the February Gold Futures contract fell 0.28% or 7.56 to trade at $2,654.44 a troy ounce.

EUR/NOK was up 0.31% to 11.78, while USD/NOK rose 0.46% to 11.24.

The US Dollar Index Futures was up 0.18% at 106.86.

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