Investing.com – Norway stocks were higher after the close on Wednesday, as gains in the Telecoms, Materials and Banking sectors led shares higher.
At the close in Oslo, the Oslo OBX added 1.20% to hit a new all time high.
The best performers of the session on the Oslo OBX were Petroleum Geo - Services ASA (OL:PGS), which rose 6.28% or 1.68 points to trade at 28.25 at the close. Meanwhile, Seadrill Limited (OL:SDRL) added 4.27% or 1.1 points to end at 26.9 and Bw Lpg (OL:BWLPG) was up 4.25% or 1.38 points to 33.84 in late trade.
The worst performers of the session were Norwegian Air Shuttle ASA (OL:NWC), which fell 5.72% or 17.0 points to trade at 280.0 at the close. Storebrand ASA (OL:STB) declined 2.67% or 1.25 points to end at 45.49 and Marine Harvest ASA (OL:MHG) was down 0.99% or 1.50 points to 150.50.
Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 109 to 97 and 26 ended unchanged.
Crude oil for January delivery was down 1.77% or 0.90 to $50.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.37% or 0.74 to hit $53.19 a barrel, while the February Gold contract rose 0.75% or 8.75 to trade at $1178.85 a troy ounce.
EUR/NOK was down 0.08% to 9.0041, while USD/NOK fell 0.42% to 8.3714.
The US Dollar Index was down 0.24% at 100.27.