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Norway stocks lower at close of trade; Oslo OBX down 0.80%

Published 02/17/2017, 12:05 PM
Updated 02/17/2017, 12:05 PM
© Reuters.  Norway stocks lower at close of trade; Oslo OBX down 0.80%

Investing.com – Norway stocks were lower after the close on Friday, as losses in the Transport, Banking and Energy sectors led shares lower.

At the close in Oslo, the Oslo OBX fell 0.80% to hit a new 1-month low.

The best performers of the session on the Oslo OBX were Orkla ASA (OL:ORK), which rose 1.48% or 1.10 points to trade at 75.35 at the close. Meanwhile, P/f Bakkafrost (OL:BAKKA) added 0.79% or 2.50 points to end at 319.30 and Lerøy Seafood Group ASA (OL:LSG) was up 0.75% or 3.3 points to 443.9 in late trade.

The worst performers of the session were REC Silicon ASA (OL:REC), which fell 7.46% or 0.10 points to trade at 1.24 at the close. Norwegian Air Shuttle ASA (OL:NWC) declined 6.53% or 17.2 points to end at 253.7 and Seadrill Limited (OL:SDRL) was down 5.58% or 0.9 points to 16.1.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 131 to 55 and 18 ended unchanged.

Shares in Norwegian Air Shuttle ASA (OL:NWC) fell to 52-week lows; losing 6.53% or 17.2 to 253.7.

Crude oil for March delivery was down 0.37% or 0.20 to $53.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.14% or 0.08 to hit $55.57 a barrel, while the April Gold Futures contract fell 0.17% or 2.05 to trade at $1239.55 a troy ounce.

EUR/NOK was up 0.10% to 8.8553, while USD/NOK rose 0.65% to 8.3422.

The US Dollar Index Futures was up 0.44% at 100.89.

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