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Norway stocks higher at close of trade; Oslo OBX up 2.13%

Published 05/16/2019, 01:05 PM
© Reuters.  Norway stocks higher at close of trade; Oslo OBX up 2.13%
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Investing.com – Norway stocks were higher after the close on Thursday, as gains in the Diversified Financials, Materials and Insurance sectors led shares higher.

At the close in Oslo, the Oslo OBX rose 2.13%.

The best performers of the session on the Oslo OBX were Norwegian Air Shuttle ASA (OL:NWC), which rose 13.78% or 4.85 points to trade at 57.56 at the close. Meanwhile, Norsk Hydro ASA (OL:NHY) added 4.87% or 1.56 points to end at 33.60 and Grieg Seafood (OL:GSFO) was up 4.77% or 5.20 points to 114.20 in late trade.

The worst performers of the session were Adevinta ASA Class A (OL:ADEA), which fell 2.14% or 1.80 points to trade at 82.40 at the close. Schibsted ASA A (OL:SBSTA) declined 1.68% or 3.7 points to end at 216.5 and Orkla ASA (OL:ORK) was down 0.66% or 0.50 points to 74.94.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 151 to 58 and 30 ended unchanged.

Shares in Adevinta ASA Class A (OL:ADEA) fell to all time lows; losing 2.14% or 1.80 to 82.40. Shares in Schibsted ASA A (OL:SBSTA) fell to 52-week lows; losing 1.68% or 3.7 to 216.5.

Crude oil for June delivery was up 1.48% or 0.92 to $62.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.56% or 1.12 to hit $72.89 a barrel, while the June Gold Futures contract fell 0.90% or 11.65 to trade at $1286.15 a troy ounce.

EUR/NOK was up 0.08% to 9.7681, while USD/NOK rose 0.29% to 8.7395.

The US Dollar Index Futures was up 0.26% at 97.630.

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