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Norway stocks higher at close of trade; Oslo OBX up 2.11%

Published 04/10/2018, 12:05 PM
© Reuters.  Norway stocks higher at close of trade; Oslo OBX up 2.11%
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Investing.com – Norway stocks were higher after the close on Tuesday, as gains in the Utilities, Food, Beverages & Tobacco and Energy sectors led shares higher.

At the close in Oslo, the Oslo OBX gained 2.11% to hit a new 1-month high.

The best performers of the session on the Oslo OBX were TGS-NOPEC Geophysical Company ASA (OL:TGS), which rose 15.39% or 28.5 points to trade at 214.0 at the close. Meanwhile, Petroleum Geo - Services ASA (OL:PGS) added 11.45% or 2.78 points to end at 27.06 and Grieg Seafood (OL:GSFO) was up 7.28% or 5.70 points to 82.98 in late trade.

The worst performers of the session were Schibsted ASA A (OL:SBSTA), which fell 1.76% or 3.8 points to trade at 212.0 at the close. Norwegian Air Shuttle ASA (OL:NWC) declined 1.48% or 2.60 points to end at 173.40 and P/f Bakkafrost (OL:BAKKA) was down 0.88% or 4.00 points to 450.60.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 117 to 70 and 20 ended unchanged.

Shares in TGS-NOPEC Geophysical Company ASA (OL:TGS) rose to 3-years highs; rising 15.39% or 28.5 to 214.0. Shares in Petroleum Geo - Services ASA (OL:PGS) rose to 52-week highs; rising 11.45% or 2.78 to 27.06.

Crude oil for May delivery was up 2.85% or 1.81 to $65.23 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 2.87% or 1.97 to hit $70.62 a barrel, while the June Gold Futures contract rose 0.16% or 2.20 to trade at $1342.30 a troy ounce.

EUR/NOK was up 0.48% to 9.6376, while USD/NOK rose 0.31% to 7.8094.

The US Dollar Index Futures was down 0.15% at 89.40.

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