Norway stocks lower at close of trade; Oslo OBX down 0.78%

Norway stocks lower at close of trade; Oslo OBX down 0.78%

May 24, 2018

Investing.com – Norway stocks were lower after the close on Thursday, as losses in the Technology Hardware&Equipment, Energy and Banking sectors led shares lower.

At the close in Oslo, the Oslo OBX lost 0.78%.

The best performers of the session on the Oslo OBX were BW LPG Ltd (OL:BWLPG), which rose 4.37% or 1.32 points to trade at 31.50 at the close. Meanwhile, Yara International ASA (OL:YAR) added 2.10% or 7.1 points to end at 345.6 and Grieg Seafood (OL:GSFO) was up 2.06% or 1.90 points to 94.15 in late trade.

The worst performers of the session were Petroleum Geo - Services ASA (OL:PGS), which fell 4.97% or 2.08 points to trade at 39.78 at the close. Aker BP ASA (OL:AKERBP) declined 2.43% or 7.40 points to end at 297.40 and Equinor ASA (OL:EQNR) was down 1.99% or 4.3 points to 211.4.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 119 to 57 and 17 ended unchanged.

Crude oil for July delivery was down 1.13% or 0.81 to $71.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.85% or 0.68 to hit $79.12 a barrel, while the June Gold Futures contract rose 1.09% or 14.00 to trade at $1303.60 a troy ounce.

EUR/NOK was up 0.18% to 9.4835, while USD/NOK fell 0.09% to 8.0886.

The US Dollar Index Futures was down 0.20% at 93.72.

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