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Norway stocks lower at close of trade; Oslo OBX down 1.42%

Published 07/28/2016, 12:05 PM
© Reuters.  Norway stocks lower at close of trade; Oslo OBX down 1.42%
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Investing.com – Norway stocks were lower after the close on Thursday, as losses in the Energy, Banking and Media sectors led shares lower.

At the close in Oslo, the Oslo OBX fell 1.42%.

The best performers of the session on the Oslo OBX were Norsk Hydro ASA (OL:NHY), which rose 1.46% or 0.52 points to trade at 36.11 at the close. Meanwhile, Marine Harvest ASA (OL:MHG) added 0.84% or 1.20 points to end at 144.30 and Aker Solutions OL (OL:AKSOL) was up 0.56% or 0.20 points to 35.79 in late trade.

The worst performers of the session were Petroleum Geo - Services ASA (OL:PGS), which fell 6.47% or 1.16 points to trade at 16.76 at the close. Seadrill Limited (OL:SDRL) declined 4.62% or 1.3 points to end at 26.0 and DNO International ASA (OL:DNO) was down 3.63% or 0.32 points to 8.36.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 94 to 70 and 30 ended unchanged.

Shares in Norsk Hydro ASA (OL:NHY) rose to 52-week highs; up 1.46% or 0.52 to 36.11.

Crude oil for September delivery was down 1.46% or 0.61 to $41.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 1.12% or 0.49 to hit $43.42 a barrel, while the December Gold contract rose 0.50% or 6.65 to trade at $1341.15 a troy ounce.

EUR/NOK was up 0.43% to 9.4812, while USD/NOK rose 0.17% to 8.5481.

The US Dollar Index was down 0.22% at 96.54.

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