Norway shares higher at close of trade; Oslo OBX up 1.42%

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Norway shares higher at close of trade; Oslo OBX up 1.42%
Credit: © Reuters. – Norway equities were higher at the close on Wednesday, as gains in the Transport , Materials and Media sectors propelled shares higher.

At the close in Oslo, the Oslo OBX rose 1.42% to hit a new all time high.

The biggest gainers of the session on the Oslo OBX were Norwegian Air Shuttle ASA (OL: NWC ), which rose 5.97% or 17.20 points to trade at 305.20 at the close. Norsk Hydro ASA (OL: NHY ) added 4.45% or 2.30 points to end at 54.00 and BW LPG Ltd (OL: BWLPG ) was up 4.23% or 1.30 points to 32.00 in late trade.

Biggest losers included P/f Bakkafrost (OL: BAKKA ), which lost 0.98% or 4.40 points to trade at 444.00 in late trade. Storebrand ASA (OL: STB ) declined 0.56% or 0.36 points to end at 63.36 and Gjensidige Forsikring ASA (OL: GJFS ) shed 0.52% or 0.7 points to 133.8.

Advancing stocks outnumbered falling ones by 131 to 51 and 23 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for May delivery was up 1.68% or 1.12 to $67.64 a barrel. Meanwhile, Brent oil for delivery in June rose 1.41% or 1.01 to hit $72.59 a barrel, while the June Gold Futures contract rose 0.28% or 3.80 to trade at $1353.30 a troy ounce.

EUR/NOK was up 0.02% to 9.6025, while USD/NOK rose 0.00% to 7.7599.

The US Dollar Index Futures was up 0.15% at 89.35.

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