Norway stocks higher at close of trade; Oslo OBX up 0.26%

    investing.com 01/11/2024 - 15:55 PM

    Norway Stock Market Update

    Investing.com – Norway stocks were higher after the close on Friday, with gains in the Healthcare Equipment & Services, Pharma Biotech & Life Sciences, and Utilities sectors leading to an overall increase.

    At the close in Oslo, the Oslo OBX added 0.26%.

    Best Performers

    • Nel ASA (OL:NEL): +2.40% or 0.10 points to trade at 4.28
    • Norsk Hydro ASA (OL:NHY): +1.92% or 1.30 points to end at 69.00
    • Telenor ASA (OL:TEL): +1.85% or 2.50 points to 137.60

    Worst Performers

    • SalMar ASA (OL:SALM): -2.78% or 15.50 points to trade at 542.50
    • Equinor ASA (OL:EQNR): -1.91% or 5.05 points to end at 259.00
    • Borr Drilling Ltd (OL:BORR): -1.39% or 0.64 points to 45.24

    Rising stocks outnumbered declining ones on the Oslo Stock Exchange, with 138 rising, 137 declining, and 31 unchanged.

    Shares in Telenor ASA reached 52-week highs (+1.85% or 2.50 to 137.60), while Borr Drilling Ltd fell to 52-week lows (-1.39% or 0.64 to 45.24).

    Commodities Update

    • Crude oil for December delivery rose 1.36% or 0.94 to $70.20 a barrel.
    • Brent oil for January delivery increased 1.30% or 0.95 to $73.76 a barrel.
    • December Gold Futures rose 0.18% or 5.05 to trade at $2,754.35 a troy ounce.

    Currency Update

    • EUR/NOK: up 0.11% to 11.99
    • USD/NOK: up 0.52% to 11.05
    • US Dollar Index Futures: up 0.20% at 104.08



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