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Norway shares higher at close of trade; Oslo OBX up 0.34%

Published 29/12/2016, 04:05 am
© Reuters.  Norway shares higher at close of trade; Oslo OBX up 0.34%
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Investing.com – Norway equities were higher at the close on Wednesday, as gains in the Materials, Energy and Software & Computer Services sectors propelled shares higher.

At the close in Oslo, the Oslo OBX gained 0.34%.

The biggest gainers of the session on the Oslo OBX were Petroleum Geo - Services ASA (OL:PGS), which rose 4.66% or 1.38 points to trade at 30.98 at the close. DNO International ASA (OL:DNO) added 3.22% or 0.27 points to end at 8.49 and Norsk Hydro ASA (OL:NHY) was up 1.88% or 0.77 points to 41.72 in late trade.

Biggest losers included Schibsted ASA B (OL:SBSTB), which lost 1.09% or 2.00 points to trade at 182.00 in late trade. Lerøy Seafood Group ASA (OL:LSG) declined 1.00% or 4.8 points to end at 476.1 and Storebrand ASA (OL:STB) shed 0.83% or 0.39 points to 46.46.

Advancing stocks outnumbered falling ones by 94 to 81 and 29 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.56% or 0.30 to $54.20 a barrel. Meanwhile, Brent oil for delivery in March rose 0.46% or 0.26 to hit $57.09 a barrel, while the February Gold contract rose 0.12% or 1.35 to trade at $1140.15 a troy ounce.

EUR/NOK was down 0.20% to 9.0883, while USD/NOK rose 0.57% to 8.7477.

The US Dollar Index was up 0.43% at 103.44.

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