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Norway shares lower at close of trade; Oslo OBX down 0.49%

Published 13/11/2024, 15:55
© Reuters.  Norway shares lower at close of trade; Oslo OBX down 0.49%
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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 fell 0.49% to hit a new 1-month low.

The biggest gainers of the session on the Oslo OBX were Kongsberg Gruppen ASA (OL:KOG), which rose 4.14% or 49.00 points to trade at 1,234.00 at the close. Frontline Ltd (OL:FRO) added 3.11% or 6.40 points to end at 211.90 and Nel ASA (OL:NEL) was up 2.32% or 0.08 points to 3.53 in late trade.

Biggest losers included Tomra Systems ASA (OL:TOM), which lost 3.15% or 4.70 points to trade at 144.50 in late trade. Storebrand ASA (OL:STB) declined 2.97% or 3.60 points to end at 117.60 and Nordic Semiconductor ASA (OL:NOD) shed 2.37% or 2.39 points to 98.26.

Declining stocks outnumbered rising ones by 165 to 117 and 21 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.09% or 0.06 to $68.06 a barrel. Meanwhile, Brent oil for delivery in January fell 0.11% or 0.08 to hit $71.81 a barrel, while the December Gold Futures contract rose 0.17% or 4.45 to trade at $2,610.75 a troy ounce.

EUR/NOK was up 0.05% to 11.77, while USD/NOK rose 0.56% to 11.12.

The US Dollar Index Futures was up 0.19% at 106.15.

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