Norway stocks lower at close of trade; Oslo OBX down 0.74%

Investing.com – Norway stocks were lower after the close on Monday, as losses in the Media, Transport and Diversified Financials sectors led shares lower.

At the close in Oslo, the Oslo OBX fell 0.74%.

The best performers of the session on the Oslo OBX were Nel ASA (OL:NEL), which rose 5.60% or 0.30 points to trade at 5.66 at the close. Meanwhile, Telenor ASA (OL:TEL) added 1.52% or 2.00 points to end at 133.50 and Orkla ASA (OL:ORK) was up 1.22% or 1.15 points to 95.35 in late trade.

The worst performers of the session were Frontline Ltd (OL:FRO), which fell 3.74% or 9.70 points to trade at 249.40 at the close. Golden Ocean Group Ltd (OL:GOGL) declined 3.28% or 4.30 points to end at 126.70 and Kongsberg Gruppen ASA (OL:KOG) was down 3.21% or 36.00 points to 1,086.00.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 189 to 87 and 33 ended unchanged.

Shares in Telenor ASA (OL:TEL) rose to 52-week highs; gaining 1.52% or 2.00 to 133.50. Shares in Orkla ASA (OL:ORK) rose to 3-years highs; rising 1.22% or 1.15 to 95.35.

Crude oil for October delivery was up 0.31% or 0.23 to $73.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.16% or 0.12 to hit $77.05 a barrel, while the December Gold Futures contract rose 0.27% or 6.80 to trade at $2,534.40 a troy ounce.

EUR/NOK was up 0.26% to 11.72, while USD/NOK fell 0.06% to 10.59.

The US Dollar Index Futures was down 0.03% at 101.60.