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Norway stocks lower at close of trade; Oslo OBX down 1.34%

Published 11/06/2024, 10:55 AM
Updated 11/06/2024, 10:56 AM
© Reuters.  Norway stocks lower at close of trade; Oslo OBX down 1.34%
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Investing.com – Norway stocks were lower after the close on Wednesday, as losses in the Media, Transport and Diversified Financials sectors led shares lower.

At the close in Oslo, the Oslo OBX fell 1.34% to hit a new 1-month low.

The best performers of the session on the Oslo OBX were Mowi ASA (OL:MOWI), which rose 3.98% or 7.60 points to trade at 198.55 at the close. Meanwhile, Borr Drilling Ltd (OL:BORR) added 2.90% or 1.34 points to end at 47.50 and Subsea 7 SA (OL:SUBC) was up 2.60% or 4.40 points to 173.70 in late trade.

The worst performers of the session were Nel ASA (OL:NEL), which fell 10.05% or 0.45 points to trade at 3.98 at the close. Tomra Systems ASA (OL:TOM) declined 5.29% or 8.40 points to end at 150.50 and Equinor ASA (OL:EQNR) was down 4.57% or 11.90 points to 248.50.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 184 to 103 and 17 ended unchanged.

Shares in Nel ASA (OL:NEL) fell to 5-year lows; falling 10.05% or 0.45 to 3.98. Shares in Equinor ASA (OL:EQNR) fell to 52-week lows; losing 4.57% or 11.90 to 248.50.

Crude oil for December delivery was up 0.67% or 0.48 to $72.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.41% or 0.31 to hit $75.84 a barrel, while the December Gold Futures contract fell 2.40% or 66.00 to trade at $2,683.70 a troy ounce.

EUR/NOK was down 0.88% to 11.87, while USD/NOK rose 1.09% to 11.05.

The US Dollar Index Futures was up 1.60% at 104.97.

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