Norwegian stocks ended Monday's session with gains, driven by strength in several health and utility-related sectors. The Oslo OBX closed up 1.19%, marking a one-month high for the benchmark.
On the Oslo OBX, the top performer of the day was Nel ASA (OL:NEL), which climbed 5.90% - a rise of 0.19 points - to finish at 3.41. Seafood producer SalMar ASA (OL:SALM) added 2.93%, gaining 16.50 points to close at 579.50. Shipping firm Hoegh Autoliners ASA (OL:HAUTO) also advanced, up 2.58% or 3.60 points to end the session at 143.00.
Among the laggards, Nordic Semiconductor ASA (OL:NOD) fell 1.37%, a decrease of 2.80 points, to trade at 201.20 at the close. Subsea 7 SA (OL:SUBC) edged higher by 0.12%, or 0.40 points, to finish at 346.40, and Norsk Hydro ASA (OL:NHY) rose 0.43%, adding 0.45 points to close at 106.20.
Broad market breadth favored advancers on the Oslo exchange, with 144 stocks rising versus 107 that declined; 27 shares were unchanged at the close.
Subsea 7 SA (OL:SUBC) reached an all-time high during the session, closing up 0.12% at 346.40.
Commodity markets showed upward movement for oil while gold pulled back. Crude oil for July delivery increased 1.13%, or $1.14, to settle at $102.16 a barrel. Brent crude for July delivery rose 0.78%, or $0.85, to $110.11 a barrel. In contrast, the June Gold Futures contract declined 0.34%, down $15.40, to trade at $4,546.50 a troy ounce.
Currency pairs involving the Norwegian krone moved lower against major currencies: EUR/NOK slipped 0.14% to 10.79, while USD/NOK fell 0.43% to 9.27. The US Dollar Index Futures was down 0.21% at 99.00.
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