Norway's stock market finished the trading day in negative territory on Thursday, driven by declines in the Media, Transport and Diversified Financials sectors that pulled the index lower. At the Oslo close, the Oslo OBX declined 0.65% to register a new three-month low.
Several names on the Oslo OBX recorded gains despite the broader fall. Gjensidige Forsikring ASA (OL:GJFG) led the winners on the index, rising 1.98% or 5.20 points to finish at 268.40. Insurer Storebrand ASA (OL:STB) added 1.90% or 3.40 points to close at 182.80, a level noted in the session as an all-time high for the stock. Consumer investor Orkla ASA (OL:ORK) also moved higher, up 1.64% or 1.70 points to 105.50 by the close.
On the downside, shipping and technology-related names underperformed. Frontline Ltd (OL:FRO) fell 4.59% or 19.10 points to trade at 396.70 at the close. Cmb.Tech NV (OL:CMBT) declined 3.53% or 5.40 points to end at 147.60, while Hafnia Ltd (OL:HAFNI) slipped 3.50% or 2.60 points to 71.70.
Market breadth on the Oslo Stock Exchange was tilted toward losers: 147 stocks fell versus 107 that advanced, while 25 finished unchanged.
Outside equities, commodity and currency markets showed modest movement. Crude oil for August delivery was up 0.68% or 0.48 to $70.82 a barrel. Brent oil for September delivery rose 0.54% or 0.40 to $74.27 a barrel. Precious metals saw the August Gold Futures contract increase 0.50% or 19.87 to trade at $4,028.67 a troy ounce.
In FX, the Norwegian krone weakened slightly against major currencies. EUR/NOK climbed 0.40% to 11.22, and USD/NOK rose 0.23% to 9.86. The US Dollar Index Futures was down 0.20% at 101.19.
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