Norway's stock market finished Wednesday's session in negative territory as sector losses in Media, Transport and Diversified Financials pressured the benchmark. At the close in Oslo, the Oslo OBX index fell 0.09%.
The session produced a mix of individual movers. Leading gains on the Oslo OBX was Cmb.Tech NV (OL:CMBT), which advanced 5.28% - an increase of 8.00 points - to finish at 159.40. Norwegian Air Shuttle ASA (OL:NAS) added 3.46%, rising 0.50 points to close at 14.95. Kongsberg Gruppen ASA (OL:KOG) also registered an advance, up 2.79% or 8.50 points to 312.70.
On the downside, Orkla ASA (OL:ORK) was the heaviest decliner among the headline names, sliding 5.94% or 6.80 points to end at 107.70. SalMar ASA (OL:SALM) fell 1.88%, down 11.00 points to 574.50. Equinor ASA (OL:EQNR) lost 1.70%, a decrease of 6.40 points, to close at 369.60.
Market breadth was effectively balanced: 126 stocks rose while 124 fell on the Oslo Stock Exchange, and 27 issues finished unchanged.
Shares of Cmb.Tech NV reached a 52-week high during the session, closing at 159.40 after the 5.28% increase.
Commodity markets moved lower during the trading day. Crude oil for July delivery fell 3.76%, a decline of $3.92, to $100.46 a barrel. Brent crude for July delivery dropped 4.59% or $5.15 to trade at $106.95 a barrel. In precious metals, the June Gold Futures contract decreased 0.49%, losing $22.18 to settle at $4,535.82 a troy ounce.
Currency pairs affecting Norwegian trade showed modest moves. The euro traded at 10.76 NOK, up 0.07%, while the dollar was slightly weaker versus the krone with USD/NOK down 0.06% at 9.26. The US Dollar Index Futures was down 0.02% at 99.09.
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