Norway stocks higher at close of trade; Oslo OBX up 0.40%

Norway stocks higher at close of trade; Oslo OBX up 0.40%

May 28, 2018

Investing.com – Norway stocks were higher after the close on Monday, as gains in the Commercial Service And Supplies, Food, Beverages&Tobacco and Materials sectors led shares higher.

At the close in Oslo, the Oslo OBX added 0.40%.

The best performers of the session on the Oslo OBX were Aker Solutions OL (OL:AKSOL), which rose 2.46% or 1.28 points to trade at 53.38 at the close. Meanwhile, BW LPG Ltd (OL:BWLPG) added 2.45% or 0.75 points to end at 31.42 and Orkla ASA (OL:ORK) was up 2.07% or 1.54 points to 75.32 in late trade.

The worst performers of the session were Questerre Energy Corporation (OL:QEC), which fell 2.65% or 0.16 points to trade at 5.68 at the close. Norwegian Air Shuttle ASA (OL:NWC) declined 1.44% or 3.80 points to end at 260.50 and TGS-NOPEC Geophysical Company ASA (OL:TGS) was down 1.37% or 3.7 points to 265.9.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 91 to 86 and 21 ended unchanged.

Crude oil for July delivery was down 1.94% or 1.32 to $66.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.35% or 1.03 to hit $75.44 a barrel, while the June Gold Futures contract fell 0.46% or 6.00 to trade at $1297.70 a troy ounce.

EUR/NOK was up 0.07% to 9.5295, while USD/NOK rose 0.23% to 8.1949.

The US Dollar Index Futures was up 0.15% at 94.35.

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