Norway shares lower at close of trade; Oslo OBX down 1.29%

4 April 2018, 16: 39
© Reuters.  Norway shares lower at close of trade; Oslo OBX down 1.29%© Reuters. Norway shares lower at close of trade; Oslo OBX down 1.29%

Norway equities were lower at the close on Wednesday, as losses in the Pharma Biotech & Life SciencesMedia and Technology Hardware & Equipmentsectors propelled shares lower.

At the close in Oslo, the Oslo OBX fell 1.29%.

The biggest gainers of the session on the Oslo OBX were Statoil ASA (OL:STL), which rose 0.30% or 0.6 points to trade at 185.0 at the close. Subsea 7 SA (OL:SUBC) added 0.18% or 0.2 points to end at 99.9 and Aker BP ASA (OL:AKERBP) was down 0.19% or 0.40 points to 213.40 in late trade.

Biggest losers included Golden Ocean Group Ltd (OL:GOGLT), which lost 6.07% or 3.65 points to trade at 54.92 in late trade. Questerre Energy Corporation (OL:QEC) declined 5.10% or 0.30 points to end at 5.49 and Grieg Seafood (OL:GSFO) shed 4.49% or 3.35 points to 71.20.

Declining stocks outnumbered rising ones by 148 to 39 and 20 ended unchanged on the Oslo Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.58% or 0.37 to $63.14 a barrel. Meanwhile, Brent oil for delivery in June fell 0.70% or 0.48 to hit $67.64 a barrel, while the June Gold Futures contract rose 0.13% or 1.80 to trade at $1339.10 a troy ounce.

EUR/NOK was up 0.01% to 9.6190, while USD/NOK fell 0.16% to 7.8250.

The US Dollar Index Futures was down 0.13% at 89.73.