Norway stocks higher at close of trade; Oslo OBX up 0.29%
Norway's stocks closed higher on Monday, buoyed by gains in several key sectors. The Oslo OBX index rose 0.29%. Subsea 7 SA led the gains with a 3.07% increase, pushing its share price to 329.00. Frontline Ltd and TGS NOPEC Geophysical Company also performed well, gaining 2.78% and 1.58% respectively. The worst performers were Norwegian Air Shuttle ASA, which dropped 4.27%, and Nel ASA and SalMar ASA, both falling by 2.64% and 1.82% respectively.
Shares in Norwegian Air Shuttle reached a 52-week low of 11.66. In contrast, Frontline Ltd hit a 5-year high of 503.20. Commodity prices also saw fluctuations, with crude oil and Brent oil experiencing minor declines, while gold futures saw a slight rise. EUR/NOK and USD/NOK both saw slight decreases, while the US Dollar Index Futures rose marginally.
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