Norway Stocks Decline Following Close

Investing.com – Norway stocks were lower after the close on Wednesday, as losses in the Media, Transport, and Diversified Financials sectors led shares lower.

At the close in Oslo, the Oslo OBX declined 0.49% to hit a new 1-month low.

Best Performers

The best performers of the session on the Oslo OBX were:
– Kongsberg Gruppen ASA (OL:KOG), which rose 4.14% or 49.00 points to trade at 1,234.00 at the close.
– Frontline Ltd (OL:FRO) added 3.11% or 6.40 points to end at 211.90.
– Nel ASA (OL:NEL) was up 2.32% or 0.08 points to 3.53 in late trade.

Worst Performers

The worst performers of the session were:
– Tomra Systems ASA (OL:TOM), which fell 3.15% or 4.70 points to trade at 144.50 at the close.
– Storebrand ASA (OL:STB) declined 2.97% or 3.60 points to end at 117.60.
– Nordic Semiconductor ASA (OL:NOD) was down 2.37% or 2.39 points to 98.26.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 165 to 117, and 21 ended unchanged.

Notable Stock Movements

Shares in Kongsberg Gruppen ASA (OL:KOG) rose to all-time highs; rising 4.14% or 49.00 to 1,234.00.

Commodities Update

Crude oil for December delivery was down 0.10% or 0.07 to $68.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.14% or 0.10 to hit $71.79 a barrel, while the December Gold Futures contract rose 0.20% or 5.20 to trade at $2,611.50 a troy ounce.

Currency Exchange Rates

• EUR/NOK was up 0.04% to 11.77.
• USD/NOK rose 0.54% to 11.11.

The US Dollar Index Futures was up 0.19% at 106.15.