Norway stocks lower at close of trade; Oslo OBX down 1.01%

Norway stocks lower at close of trade; Oslo OBX down 1.01%

Jul 12, 2018

Norway stocks were lower after the close on Thursday, as losses in the Banking, Telecoms and Energy sectors led shares lower.

At the close in Oslo, the Oslo OBX fell 1.01%.

The best performers of the session on the Oslo OBX were Schibsted ASA A (OL:SBSTA), which rose 4.00% or 10.3 points to trade at 267.6 at the close. Meanwhile, Leroy Seafood Group ASA (OL:LSG) added 3.76% or 2.1 points to end at 58.0 and REC Silicon ASA (OL:REC) was up 2.70% or 0.02 points to 0.85 in late trade.

The worst performers of the session were DnB ASA (OL:DNB), which fell 4.03% or 6.5 points to trade at 156.1 at the close. Aker Solutions OL (OL:AKSOL) declined 3.33% or 1.86 points to end at 54.00 and Telenor ASA (OL:TEL) was down 3.09% or 5.3 points to 166.4.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 89 to 78 and 29 ended unchanged.

Shares in Schibsted ASA A (OL:SBSTA) rose to 52-week highs; up 4.00% or 10.3 to 267.6.

Crude oil for August delivery was down 1.29% or 0.91 to $69.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.10% or 0.07 to hit $73.33 a barrel, while the August Gold Futures contract rose 0.25% or 3.10 to trade at $1247.50 a troy ounce.

EUR/NOK was up 0.01% to 9.4670, while USD/NOK fell 0.11% to 8.0997.

The US Dollar Index Futures was down 0.04% at 94.44.

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