On Thursday, Norway's stock market experienced a downturn by the end of trading, with the Oslo OBX index dropping 0.60%. This decline was primarily driven by losses in key sectors such as Media, Transport, and Diversified Financials, contributing to the overall negative market sentiment.
Within the Oslo OBX index, varied performances were recorded among individual stocks. Telenor ASA (OL:TEL) emerged as a notable gainer, increasing by 6.97% or 10.20 points to close at 156.60. Similarly, Norwegian Air Shuttle ASA (OL:NAS) saw an uptick of 2.91% or 0.46 points, ending the day at 16.26. Nordic Semiconductor ASA (OL:NOD) also registered a 2.60% increase, gaining 3.50 points to settle at 137.90 in the late trading session.
Conversely, several prominent companies faced declines. Kongsberg Gruppen ASA (OL:KOG) decreased by 4.70% or 15.55 points, closing at 315.25. Equinor ASA (OL:EQNR) recorded a 4.07% loss, falling 10.30 points to finish at 243.00. Meanwhile, Cmb.Tech NV (OL:CMBT) dropped 3.29% or 3.80 points, settling at 111.60.
The overall market breadth showed that advancing stocks outnumbered decliners by 173 to 88, with 23 shares remaining unchanged on the Oslo Stock Exchange.
Commodity markets also reflected varying trends. Crude oil for March delivery declined by 1.47% or $0.89, settling at $59.73 per barrel. Brent oil for March delivery dropped 1.41% or $0.92 to close at $64.32 per barrel. In contrast, gold futures for February delivery increased by 0.70%, gaining $34.10 to reach $4,871.60 per troy ounce.
Foreign exchange markets saw the EUR/NOK currency pair weaken by 0.38% to 11.59, while the USD/NOK declined by 0.75%, standing at 9.88. Concurrently, the US Dollar Index Futures decreased by 0.31%, closing at 98.26.