Norway Stocks Decline at Close of Trade; Oslo OBX Decreases 0.40%

Norway’s stock market experienced a decline at the close on Friday, primarily influenced by losses in various sectors.

At the close in Oslo, the overall market dropped by 0.40%.

Among the best performers of the session was Nordic Semiconductor ASA, which increased by 2.09%, gaining 2.90 points to finish at 141.85. Telenor ASA also saw a positive shift, rising 1.66% or 2.20 points to close at 135.00. Var Energi ASA registered an increase of 1.60%, up 0.52 points to trade at 32.92.

Conversely, the worst performers included Nel ASA, which fell significantly by 11.07%, or 0.61 points, closing at 4.93. Frontline Ltd experienced a decline of 5.76%, down by 14.40 points, ending at 235.60. Hafnia Ltd also faced a drop, down 5.40% or 4.40 points, to close at 77.05.

Overall, declining stocks outnumbered those that advanced on the Oslo Stock Exchange, with 161 stocks falling, 113 rising, and 30 remaining unchanged.

In commodities, crude oil for November delivery dipped by 0.31%, falling by 0.22 to $70.94 per barrel. Brent oil for November delivery decreased by 0.41%, down by 0.31 to reach $74.57 per barrel. Meanwhile, December gold futures rose by 0.95%, increasing by 24.85 to trade at $2,639.45 per troy ounce.

In currency trading, the EUR/NOK pair increased by 0.19% to 11.73, while the USD/NOK pair saw a rise of 0.44% to 10.53. Additionally, the US Dollar Index Futures rose by 0.33% to 100.65.