The Oslo market closed higher on Monday as sector gains lifted the benchmark to a new peak. The Oslo OBX added 0.93% by the end of trading, recording an all-time high.
Market movers and sector leadership
Sectors that contributed most to the advance included Healthcare Equipment & Services, Pharma Biotech & Life Sciences and Utilities. These areas helped push the index to its closing gain.
Top performers on the OBX
- TGS NOPEC Geophysical Company ASA (OL:TGS) led the index, gaining 5.75% or 7.40 points to finish at 136.10.
- Subsea 7 SA (OL:SUBC) climbed 3.48% or 11.60 points to end the session at 344.80.
- Equinor ASA (OL:EQNR) was up 3.36% or 13.00 points, closing at 399.40.
Lagging names
- Norwegian Air Shuttle ASA (OL:NAS) was the largest decliner among leading listings, down 1.74% or 0.23 points to 12.97 at the close.
- Mowi ASA (OL:MOWI) fell 1.72% or 3.60 points to finish at 205.40.
- Nel ASA (OL:NEL) slipped 1.66% or 0.04 points to 2.08.
Market breadth and internals
On the Oslo Stock Exchange, advancing issues outnumbered decliners by 137 to 119, while 22 stocks finished unchanged, indicating more names participating in the upside than the downside.
Commodities and currencies
In commodities trading, crude oil for October delivery rose 2.31% or $1.93 to $85.33 a barrel. Brent for December delivery increased 4.97% or $4.28 to $90.40 a barrel. By contrast, the December Gold Futures contract declined 1.01% or $45.70 to trade at $4,484.20 a troy ounce.
On the currency front, EUR/NOK was up 0.17% at 10.87, while USD/NOK was essentially unchanged, moving 0.05% to 9.36. The US Dollar Index Futures traded lower by 0.28% at 99.38.
Overall, the session closed with the OBX at a record level, supported by sector strength and a mixed backdrop in commodities and FX.