Norway stocks lower at close of trade; Oslo OBX down 2.29%

Norway stocks lower at close of trade; Oslo OBX down 2.29%

May 23, 2019

Norway stocks were lower after the close on Thursday, as losses in the Energy, Auto&components and Diversified Financials sectors led shares lower.

At the close in Oslo, the Oslo OBX fell 2.29%.

The best performers of the session on the Oslo OBX were BW Offshore Ltd (OL:BWO), which rose 9.26% or 4.850 points to trade at 57.250 at the close. Meanwhile, SalMar ASA (OL:SALM) added 5.79% or 22.40 points to end at 409.10 and Leroy Seafood Group ASA (OL:LSG) was up 2.82% or 1.70 points to 62.02 in late trade.

The worst performers of the session were Petroleum Geo - Services ASA (OL:PGS), which fell 8.40% or 1.46 points to trade at 15.92 at the close. Aker BP ASA (OL:AKERBP) declined 7.36% or 20.00 points to end at 251.60 and DNO International ASA (OL:DNO) was down 6.78% or 1.16 points to 15.88.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 167 to 55 and 16 ended unchanged.

Crude oil for July delivery was down 5.93% or 3.64 to $57.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 5.23% or 3.71 to hit $67.28 a barrel, while the June Gold Futures contract rose 0.89% or 11.35 to trade at $1285.55 a troy ounce.

EUR/NOK was up 0.19% to 9.7838, while USD/NOK fell 0.09% to 8.7488.

The US Dollar Index Futures was down 0.18% at 97.700.

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