Norwegian equities closed higher on Tuesday, with the Oslo OBX rising 0.36% at the end of trading. Sector advances in Healthcare Equipment & Services, Pharma Biotech & Life Sciences and Utilities were among the primary drivers of the session's gains.
On the Oslo OBX, Cmb.Tech NV (OL:CMBT) was the top-performing stock, finishing the session up 3.66% - a gain of 4.20 points - to close at 118.80. The company's share price move took it to a 52-week high, an outcome highlighted by its relative strength during the session.
Other notable winners included Hoegh Autoliners ASA (OL:HAUTO), which advanced 3.12% or 3.10 points to end at 102.50, and SalMar ASA (OL:SALM), which gained 2.15% or 11.50 points to finish at 546.00 in late trade.
Not all stocks participated in the rally. The weakest performers on the Oslo OBX were Nel ASA (OL:NEL), which retreated 2.85% or 0.07 points to trade at 2.25 at the close, Yara International ASA (OL:YAR), down 1.64% or 7.30 points to 436.60, and Frontline Ltd (OL:FRO), which slipped 0.91% or 2.40 points to 261.00.
Market breadth favoured advancers: 142 issues rose versus 109 that fell on the Oslo Stock Exchange, while 30 names finished unchanged.
Commodity markets moved in parallel with equities. Crude oil for March delivery increased 1.60% or 0.97 to settle at $61.60 a barrel. Brent oil for April delivery rose 1.40% or 0.91 to $65.68 a barrel. In contrast, the April Gold Futures contract edged down 0.04% or 1.99 to trade at 5,120.31 a troy ounce.
Foreign-exchange rates showed a stronger krone versus major peers. EUR/NOK declined 0.55% to 11.53, while USD/NOK fell 1.18% to 9.64. The US Dollar Index Futures was lower by 0.65% at 96.23.
Market context
- Oslo OBX closed up 0.36%.
- Top gainers included Cmb.Tech NV, Hoegh Autoliners ASA and SalMar ASA.
- Largest decliners included Nel ASA, Yara International ASA and Frontline Ltd.
These price moves occurred without additional commentary on catalysts from companies or regulators in the session. The data above reflects end-of-day prices, percentages and point changes as reported at the close.