Norway shares lower at close of trade; Oslo OBX down 1.34%

Investing.com – Norway equities were lower at the close on Wednesday, as losses in the Media, Transport and Diversified Financials sectors propelled shares lower.

At the close in Oslo, the Oslo OBX lost 1.34% to hit a new 1-month low.

The biggest gainers of the session on the Oslo OBX were Mowi ASA (OL:MOWI), which rose 3.98% or 7.60 points to trade at 198.55 at the close. Borr Drilling Ltd (OL:BORR) added 2.90% or 1.34 points to end at 47.50 and Subsea 7 SA (OL:SUBC) was up 2.60% or 4.40 points to 173.70 in late trade.

Biggest losers included Nel ASA (OL:NEL), which lost 10.05% or 0.45 points to trade at 3.98 in late trade. Tomra Systems ASA (OL:TOM) declined 5.29% or 8.40 points to end at 150.50 and Equinor ASA (OL:EQNR) shed 4.57% or 11.90 points to 248.50.

Declining stocks outnumbered rising ones by 184 to 103 and 17 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for December delivery was up 0.82% or 0.59 to $72.58 a barrel. Meanwhile, Brent oil for delivery in January rose 0.52% or 0.39 to hit $75.92 a barrel, while the December Gold Futures contract fell 2.40% or 66.00 to trade at $2,683.70 a troy ounce.

EUR/NOK was down 0.92% to 11.86, while USD/NOK rose 1.06% to 11.05.

The US Dollar Index Futures was up 1.59% at 104.97.