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Norway shares lower at close of trade; Oslo OBX down 0.65%

Published 08/12/2017, 04:05 am
© Reuters.  Norway shares lower at close of trade; Oslo OBX down 0.65%
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Investing.com – Norway equities were lower at the close on Thursday, as losses in the Pharma Biotech & Life Sciences, Food, Beverages & Tobacco and Telecoms sectors propelled shares lower.

At the close in Oslo, the Oslo OBX lost 0.65% to hit a new 1-month low.

The biggest gainers of the session on the Oslo OBX were Petroleum Geo - Services ASA (OL:PGS), which rose 7.12% or 0.94 points to trade at 14.14 at the close. BW LPG Ltd (OL:BWLPG) added 2.45% or 0.76 points to end at 31.80 and DnB ASA (OL:DNB) was up 0.81% or 1.2 points to 149.9 in late trade.

Biggest losers included TGS-NOPEC Geophysical Company ASA (OL:TGS), which lost 4.83% or 9.6 points to trade at 189.2 in late trade. Marine Harvest ASA (OL:MHG) declined 3.03% or 4.40 points to end at 140.60 and Nordic Nanovector ASA (OL:NANOV) shed 2.32% or 1.85 points to 77.95.

Declining stocks outnumbered rising ones by 97 to 74 and 33 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for January delivery was up 1.18% or 0.66 to $56.62 a barrel. Meanwhile, Brent oil for delivery in February rose 1.39% or 0.85 to hit $62.07 a barrel, while the February Gold Futures contract fell 0.86% or 10.90 to trade at $1255.20 a troy ounce.

EUR/NOK was up 0.26% to 9.7854, while USD/NOK rose 0.29% to 8.2975.

The US Dollar Index Futures was up 0.10% at 93.62.

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