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Norway shares lower at close of trade; Oslo OBX down 0.74%

Published 2016-04-29, 12:05 p/m
© Reuters.  Norway shares lower at close of trade; Oslo OBX down 0.74%
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Investing.com – Norway equities were lower at the close on Friday, as losses in the Pharma Biotech & Life Sciences, Banking and Utilities sectors propelled shares lower.

At the close in Oslo, the Oslo OBX lost 0.74%.

The biggest gainers of the session on the Oslo OBX were Seadrill Limited (OL:SDRL), which rose 4.75% or 1.8 points to trade at 39.1 at the close. DNO International ASA (OL:DNO) added 4.56% or 0.41 points to end at 9.29 and Det norske oljeselskap ASA (OL:DETNOR) was up 2.42% or 1.70 points to 71.90 in late trade.

Biggest losers included Bw Lpg (OL:BWLPG), which lost 4.16% or 2.10 points to trade at 48.40 in late trade. Aker Solutions OL (OL:AKSOL) declined 3.13% or 1.00 points to end at 30.90 and DnB ASA (OL:DNB) shed 2.37% or 2.5 points to 103.1.

Declining stocks outnumbered rising ones by 103 to 67 and 24 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for June delivery was down 0.63% or 0.29 to $45.74 a barrel. Meanwhile, Brent oil for delivery in July fell 1.09% or 0.52 to hit $47.25 a barrel, while the June Gold contract rose 2.02% or 25.60 to trade at $1292.00 a troy ounce.

EUR/NOK was down 0.10% to 9.2294, while USD/NOK fell 0.84% to 8.0672.

The US Dollar Index was down 0.65% at 93.12.

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