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Norway shares lower at close of trade; Oslo OBX down 1.47%

Published 14/06/2016, 17:05
© Reuters.  Norway shares lower at close of trade; Oslo OBX down 1.47%

Investing.com – Norway equities were lower at the close on Tuesday, as losses in the Pharma Biotech & Life Sciences, Software & Computer Services and Telecoms sectors propelled shares lower.

At the close in Oslo, the Oslo OBX lost 1.47% to hit a new 1-month low.

The biggest gainers of the session on the Oslo OBX were Norwegian Air Shuttle ASA (OL:NWC), which rose 0.56% or 1.8 points to trade at 324.1 at the close. DNO International ASA (OL:DNO) added 0.44% or 0.04 points to end at 9.21 and Marine Harvest ASA (OL:MHG) was unchanged 0.00% or 0.00 points to 139.30 in late trade.

Biggest losers included Bw Lpg (OL:BWLPG), which lost 5.15% or 1.67 points to trade at 30.94 in late trade. REC Silicon ASA (OL:REC) declined 4.47% or 0.07 points to end at 1.58 and Det norske oljeselskap ASA (OL:DETNOR) shed 3.43% or 3.35 points to 94.30.

Declining stocks outnumbered rising ones by 153 to 28 and 14 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.13% or 0.55 to $48.33 a barrel. Meanwhile, Brent oil for delivery in August fell 1.45% or 0.73 to hit $49.62 a barrel, while the August Gold contract fell 0.15% or 1.90 to trade at $1285.00 a troy ounce.

EUR/NOK was up 0.33% to 9.3619, while USD/NOK rose 1.08% to 8.3530.

The US Dollar Index was up 0.61% at 95.00.

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