Norway shares lower at close of trade; Oslo OBX down 1.24%

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Norway shares lower at close of trade; Oslo OBX down 1.24%
Credit: © Reuters. – Norway equities were lower at the close on Friday, as losses in the Insurance , Software & Computer Services and Food, Beverages & Tobacco sectors propelled shares lower.

At the close in Oslo, the Oslo OBX fell 1.24%.

The biggest gainers of the session on the Oslo OBX were Storebrand ASA (OL: STB ), which rose 3.54% or 2.32 points to trade at 67.92 at the close. Norwegian Air Shuttle ASA (OL: NWC ) added 1.48% or 3.60 points to end at 247.10 and P/f Bakkafrost (OL: BAKKA ) was up 0.81% or 3.80 points to 470.20 in late trade.

Biggest losers included Gjensidige Forsikring ASA (OL: GJFS ), which lost 10.31% or 14.2 points to trade at 123.5 in late trade. Orkla ASA (OL: ORK ) declined 10.16% or 7.42 points to end at 66.00 and Aker BP ASA (OL: AKERBP ) shed 5.57% or 17.60 points to 298.40.

Declining stocks outnumbered rising ones by 114 to 55 and 23 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.75% or 0.53 to $70.86 a barrel. Meanwhile, Brent oil for delivery in September rose 1.21% or 0.90 to hit $75.35 a barrel, while the August Gold Futures contract fell 0.33% or 4.10 to trade at $1242.50 a troy ounce.

EUR/NOK was up 0.22% to 9.4866, while USD/NOK rose 0.25% to 8.1311.

The US Dollar Index Futures was up 0.02% at 94.59.

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