Norway Stocks Rise at Close of Trade; Oslo OBX up 0.33%
Norway stocks finished higher on Thursday, with the Oslo OBX index climbing by 0.33% at market close. Gains in several key sectors drove the overall increase in stock prices.
Top Performers of the Day
- Hoegh Autoliners ASA was the standout performer, rising by 3.08% or 3.50 points to close at 117.30.
- Aker BP ASA also saw positive momentum, adding 2.45% or 6.40 points to end the day at 267.60.
- Golden Ocean Group Ltd gained 2.38% or 3.30 points, finishing at 141.70.
Worst Performers of the Day
- Norwegian Air Shuttle ASA experienced a significant drop, falling 9.51% or 1.33 points to trade at 12.65.
- Nordic Semiconductor ASA declined by 2.65% or 3.75 points, ending at 138.00.
- Mowi ASA was down 2.39% or 4.50 points, closing at 184.10.
Market Breadth
On the Oslo Stock Exchange, the number of falling stocks (146) outnumbered those that advanced (135), with 31 stocks ending unchanged.
Commodities and Currency Movements
- Crude Oil for August delivery rose by 0.94% or $0.76, closing at $81.47 per barrel.
- Brent Oil for August delivery increased by 1.00% or $0.85, reaching $85.92 per barrel.
- August Gold Futures jumped 1.35% or $31.80, trading at $2,378.70 per troy ounce.
In the currency market:
- EUR/NOK dropped 0.67% to 11.28.
- USD/NOK fell 0.38% to 10.52.
U.S. Dollar Index Futures
The U.S. Dollar Index Futures was up by 0.22%, standing at 105.11.
Summary: The Norwegian stock market showed resilience with the Oslo OBX increasing slightly. Major gains in some sectors were counterbalanced by losses in specific companies, including Norwegian Air Shuttle ASA. Commodities like crude oil and gold saw strong performance, while the Norwegian krone weakened against both the euro and the dollar.
