Norway's stock market finished the trading day in positive territory on Thursday, with the Oslo OBX index closing higher by 0.44%. Gains were concentrated in the Healthcare Equipment & Services, Pharma Biotech & Life Sciences, and Utilities sectors, which collectively pushed the market up at the close.
Top performers
- Subsea 7 SA (SUBC) was the session's strongest gainer on the Oslo OBX, rising 3.02% - an increase of 8.20 points - to finish at 279.40. The stock reached an all-time high during the session.
- SalMar ASA (SALM) climbed 2.75%, equivalent to a 15.00-point gain, to close at 560.50.
- Hafnia Ltd (HAFNI) gained 2.21%, adding 1.60 points to end the session at 74.10.
Lagging names
- Nordic Semiconductor ASA (NOD) was among the weakest on the OBX, falling 1.30% or 2.00 points to close at 151.30.
- Kongsberg Gruppen ASA (KOG) declined 1.29%, slipping 5.10 points to finish at 390.00.
- Nel ASA (NEL) was down 0.85%, a decrease of 0.02 points, to trade at 2.11 at the close.
Market breadth favored advancers: 139 stocks rose, 119 fell and 23 were unchanged on the Oslo Stock Exchange.
Commodities and FX moves
Commodity markets displayed notable volatility during the session. Crude oil for May delivery rose 4.63%, gaining 4.18 to settle at $94.50 a barrel. Brent oil for June delivery increased 4.67%, or 4.54, to $101.80 a barrel. The June Gold Futures contract declined 2.44%, a fall of 111.80, to trade at $4,473.70 a troy ounce.
Currency pairs involving the Norwegian krone moved slightly: EUR/NOK was down 0.21% at 11.17, and USD/NOK fell 0.05% to 9.68. The US Dollar Index Futures was up 0.25% at 99.65.
Session recap
The close reflected a market where sector-specific strength - notably in healthcare-related areas and utilities - coincided with a handful of single-name gains that pushed the Oslo OBX into positive territory. Subsea 7's advance and intraday record stand out among the day's market developments. Broader market participation was moderately positive, with slightly more advancers than decliners.
Note: All price, percentage and point changes reflect closing values reported at the Oslo market close on Thursday.