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Norway stocks higher at close of trade; Oslo OBX up 0.46%

Published 06/29/2018, 12:05 PM
Updated 06/29/2018, 12:05 PM
© Reuters.  Norway stocks higher at close of trade; Oslo OBX up 0.46%

© Reuters. Norway stocks higher at close of trade; Oslo OBX up 0.46%

Investing.com – Norway stocks were higher after the close on Friday, as gains in the Insurance, Software & Computer Services and Commercial Service And Supplies sectors led shares higher.

At the close in Oslo, the Oslo OBX gained 0.46%.

The best performers of the session on the Oslo OBX were TGS-NOPEC Geophysical Company ASA (OL:TGS), which rose 4.20% or 12.1 points to trade at 300.0 at the close. Meanwhile, Gjensidige Forsikring ASA (OL:GJFS) added 3.17% or 4.1 points to end at 133.6 and Subsea 7 SA (OL:SUBC) was up 3.13% or 4.0 points to 130.3 in late trade.

The worst performers of the session were Aker BP ASA (OL:AKERBP), which fell 1.76% or 5.40 points to trade at 300.80 at the close. P/f Bakkafrost (OL:BAKKA) declined 1.40% or 6.40 points to end at 452.20 and Marine Harvest ASA (OL:MHG) was down 0.95% or 1.55 points to 162.20.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 101 to 76 and 25 ended unchanged.

Shares in TGS-NOPEC Geophysical Company ASA (OL:TGS) rose to all time highs; up 4.20% or 12.1 to 300.0.

Crude oil for August delivery was up 0.78% or 0.57 to $74.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 2.09% or 1.62 to hit $79.23 a barrel, while the August Gold Futures contract rose 0.33% or 4.10 to trade at $1255.10 a troy ounce.

EUR/NOK was up 0.46% to 9.5165, while USD/NOK fell 0.48% to 8.1494.

The US Dollar Index Futures was down 0.76% at 94.28.

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