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Norway stocks higher at close of trade; Oslo OBX up 2.50%

Published 09/29/2016, 12:05 PM
Updated 09/29/2016, 12:05 PM
© Reuters.  Norway stocks higher at close of trade; Oslo OBX up 2.50%

© Reuters. Norway stocks higher at close of trade; Oslo OBX up 2.50%

Investing.com – Norway stocks were higher after the close on Thursday, as gains in the Energy, Banking and Diversified Financials sectors led shares higher.

At the close in Oslo, the Oslo OBX added 2.50%.

The best performers of the session on the Oslo OBX were Seadrill Limited (OL:SDRL), which rose 32.94% or 5.1 points to trade at 20.5 at the close. Meanwhile, REC Silicon ASA (OL:REC) added 10.94% or 0.10 points to end at 1.05 and Petroleum Geo - Services ASA (OL:PGS) was up 10.64% or 1.69 points to 17.58 in late trade.

The worst performers of the session were Norsk Hydro ASA (OL:NHY), which fell 0.80% or 0.28 points to trade at 34.81 at the close. Norwegian Air Shuttle ASA (OL:NWC) declined 0.78% or 2.3 points to end at 292.7 and Gjensidige Forsikring ASA (OL:GJFS) was down 0.60% or 0.9 points to 148.1.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 110 to 66 and 22 ended unchanged.

Crude oil for November delivery was up 1.98% or 0.93 to $47.98 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 1.71% or 0.84 to hit $50.08 a barrel, while the December Gold contract fell 0.18% or 2.35 to trade at $1321.35 a troy ounce.

EUR/NOK was down 0.09% to 9.0033, while USD/NOK fell 0.37% to 8.0051.

The US Dollar Index was down 0.03% at 95.28.

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