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Norway stocks lower at close of trade; Oslo OBX down 0.42%

Published 12/14/2016, 12:05 PM
Updated 12/14/2016, 12:05 PM
© Reuters.  Norway stocks lower at close of trade; Oslo OBX down 0.42%

© Reuters. Norway stocks lower at close of trade; Oslo OBX down 0.42%

Investing.com – Norway stocks were lower after the close on Wednesday, as losses in the Auto & components, Diversified Financials and Telecoms sectors led shares lower.

At the close in Oslo, the Oslo OBX lost 0.42%.

The best performers of the session on the Oslo OBX were REC Silicon ASA (OL:REC), which rose 2.81% or 0.03 points to trade at 1.13 at the close. Meanwhile, Schibsted ASA A (OL:SBSTA) added 2.00% or 3.5 points to end at 178.1 and Schibsted ASA B (OL:SBSTB) was up 1.65% or 2.70 points to 166.40 in late trade.

The worst performers of the session were Petroleum Geo - Services ASA (OL:PGS), which fell 4.31% or 1.31 points to trade at 29.09 at the close. Seadrill Limited (OL:SDRL) declined 2.54% or 0.8 points to end at 30.7 and Norsk Hydro ASA (OL:NHY) was down 2.09% or 0.88 points to 41.30.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 99 to 74 and 27 ended unchanged.

Crude oil for January delivery was down 1.43% or 0.76 to $52.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.08% or 0.60 to hit $55.12 a barrel, while the February Gold contract rose 0.55% or 6.35 to trade at $1165.35 a troy ounce.

EUR/NOK was up 0.69% to 9.0148, while USD/NOK rose 0.42% to 8.4617.

The US Dollar Index was down 0.23% at 100.85.

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