Norway shares lower at close of trade; Oslo OBX down 1.25%

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Norway shares lower at close of trade; Oslo OBX down 1.25%
Credit: © Reuters.

Investing.com – Norway equities were lower at the close on Wednesday, as losses in the Commercial Service And Supplies , Banking and Insurance sectors propelled shares lower.

At the close in Oslo, the Oslo OBX fell 1.25%.

The biggest gainers of the session on the Oslo OBX were Storebrand ASA (OL: STB ), which rose 4.06% or 2.66 points to trade at 68.20 at the close. Schibsted ASA A (OL: SBSTA ) added 3.36% or 7.6 points to end at 234.0 and Telenor ASA (OL: TEL ) was up 3.33% or 5.7 points to 176.8 in late trade.

Biggest losers included DnB ASA (OL: DNB ), which lost 8.26% or 12.5 points to trade at 140.9 in late trade. Orkla ASA (OL: ORK ) declined 7.74% or 6.30 points to end at 74.99 and Gjensidige Forsikring ASA (OL: GJFS ) shed 6.66% or 9.1 points to 127.5.

Declining stocks outnumbered rising ones by 125 to 54 and 23 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.21% or 0.14 to $67.84 a barrel. Meanwhile, Brent oil for delivery in June fell 0.30% or 0.22 to hit $73.64 a barrel, while the June Gold Futures contract fell 0.82% or 10.90 to trade at $1322.10 a troy ounce.

EUR/NOK was up 0.42% to 9.7075, while USD/NOK rose 0.90% to 7.9745.

The US Dollar Index Futures was up 0.46% at 90.98.

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