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Norway shares lower at close of trade; Oslo OBX down 1.40%

Published 14/06/2016, 02:05 am
© Reuters.  Norway shares lower at close of trade; Oslo OBX down 1.40%
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Investing.com – Norway equities were lower at the close on Monday, as losses in the Technology Hardware & Equipment, Transport and Banking sectors propelled shares lower.

At the close in Oslo, the Oslo OBX fell 1.40% to hit a new 1-month low.

The biggest gainers of the session on the Oslo OBX were Det norske oljeselskap ASA (OL:DETNOR), which rose 8.14% or 7.35 points to trade at 97.65 at the close. Akastor ASA (OL:AKAS) added 3.88% or 0.4 points to end at 9.9 and REC Silicon ASA (OL:REC) was up 3.38% or 0.05 points to 1.65 in late trade.

Biggest losers included Golden Ocean Group Ltd (OL:GOGLT), which lost 7.18% or 0.47 points to trade at 6.08 in late trade. Petroleum Geo - Services ASA (OL:PGS) declined 6.51% or 1.60 points to end at 22.96 and Bw Lpg (OL:BWLPG) shed 5.73% or 1.97 points to 32.40.

Declining stocks outnumbered rising ones by 137 to 39 and 10 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.59% or 0.29 to $48.78 a barrel. Meanwhile, Brent oil for delivery in August fell 0.57% or 0.29 to hit $50.25 a barrel, while the August Gold contract rose 0.86% or 10.95 to trade at $1286.85 a troy ounce.

EUR/NOK was up 0.23% to 9.3366, while USD/NOK fell 0.01% to 8.2764.

The US Dollar Index was down 0.19% at 94.45.

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