Norway stocks lower at close of trade; Oslo OBX down 0.26%

16/04/2018 16:05:00 Stock Market

Norway stocks were lower after the close on Monday, as losses in the Media, Pharma Biotech&Life Sciences and Banking sectors led shares lower.

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

The best performers of the session on the Oslo OBX were Norwegian Air Shuttle ASA (OL:NWC), which rose 9.43% or 25.00 points to trade at 290.00 at the close. Meanwhile, Petroleum Geo - Services ASA (OL:PGS) added 3.74% or 1.08 points to end at 29.98 and BW LPG Ltd (OL:BWLPG) was up 2.00% or 0.60 points to 30.60 in late trade.

The worst performers of the session were P/f Bakkafrost (OL:BAKKA), which fell 4.20% or 19.00 points to trade at 433.60 at the close. Schibsted ASA A (OL:SBSTA) declined 2.97% or 6.4 points to end at 209.1 and Golden Ocean Group Ltd (OL:GOGLT) was down 2.33% or 1.45 points to 60.70.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 86 to 84 and 38 ended unchanged.

Shares in Norwegian Air Shuttle ASA (OL:NWC) rose to 52-week highs; gaining 9.43% or 25.00 to 290.00. Shares in Petroleum Geo - Services ASA (OL:PGS) rose to 52-week highs; gaining 3.74% or 1.08 to 29.98.

Crude oil for May delivery was down 1.37% or 0.92 to $66.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 1.23% or 0.89 to hit $71.69 a barrel, while the June Gold Futures contract rose 0.17% or 2.30 to trade at $1350.20 a troy ounce.

EUR/NOK was up 0.44% to 9.6304, while USD/NOK rose 0.09% to 7.7835.

The US Dollar Index Futures was down 0.35% at 89.20.

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