Norway Stocks Rise as Gains in Energy Sector Lead the Way
Norway’s stock market closed higher on Wednesday as gains in the energy sector led the way, pushing the overall market higher. The Oslo benchmark added 0.58% at the close.
The best performers of the day were Borr Drilling, which rose 6.62% to 42.20, Hoegh Autoliners, which added 4.45% to 110.40, and Hafnia, which was up 2.26% to 58.90.
On the other hand, the worst performers were Nel ASA, which fell 6.25% to 2.85, Tomra Systems, which declined 1.79% to 148.10, and Mowi ASA, which was down 0.51% to 194.45.
Meanwhile, shares in Nel ASA fell to 5-year lows, dropping 6.25% to 2.85.
In other market news, crude oil for February delivery was down 0.09% to $70.10 a barrel, while Brent oil for delivery in March rose 1.24% to $73.22 a barrel. Gold futures were unchanged at $2,633.50 a troy ounce.
The value of the Norwegian krone (NOK) against the euro (EUR) rose 0.72% to 11.85, while the US dollar (USD) rose 0.57% to 11.38. The US Dollar Index Futures was up 0.18% at 108.00.
