NORWAY - Stocks on the Oslo exchange ended the session in negative territory on Wednesday, with losses concentrated in Media, Transport and Diversified Financials sectors that contributed to a broader market decline.
By the close in Oslo, the Oslo OBX dropped 3.16%.
Top performers on the Oslo OBX
- Norse operator Norwegian Air Shuttle ASA (OL:NAS) led gainers on the index, finishing up 9.67% or 1.35 points at 15.31.
- Semiconductor maker Nordic Semiconductor ASA (OL:NOD) climbed 6.18% or 9.20 points to end the day at 158.00.
- Recycling and sensor company Tomra Systems ASA (OL:TOM) rose 3.88% or 4.40 points to 117.70 in late trade.
Largest decliners
- Energy giant Equinor ASA (OL:EQNR) recorded a steep fall of 12.12% or 49.90 points, closing at 361.90.
- Var Energi ASA (OL:VAR) declined 11.63% or 5.74 points to finish at 43.60.
- Fertiliser producer Yara International ASA (OL:YAR) fell 10.02% or 59.80 points to 537.00.
On the Oslo Stock Exchange overall, advancing issues outnumbered decliners by 158 to 107, while 23 stocks finished unchanged.
Commodities and currencies
Commodity markets reflected a sharp fall in crude prices: crude oil for May delivery dropped 15.61% or 17.63 to $95.32 a barrel. Brent crude for June delivery fell 13.55% or 14.81 to $94.46 a barrel. By contrast, the June Gold Futures contract rose 2.01% or 94.05 to trade at $4,778.75 a troy ounce.
In currency markets, EUR/NOK was down 0.05% at 11.16, while USD/NOK fell 0.74% to 9.54. The US Dollar Index Futures declined 1.17% to 98.52.
Market participants saw sizable moves across energy and materials names, and commodity price swings were notable in the session. The exchange-wide advance-decline figures indicate more stocks rose than fell, even as the headline Oslo OBX ended lower.