Norway Shares Close Higher; Oslo OBX Index Rises 0.17%

Oslo, Norway – March 25, 2025
Norwegian equities ended on a positive note on Tuesday, registering a modest gain as the Oslo OBX index rose by 0.17%. The day's trading was buoyed by strong performances in the healthcare, pharmaceutical, biotech, life sciences, and utilities sectors.

The Oslo OBX closed higher, reflecting favorable investor sentiment across various sectors. Notable stock movements included Norwegian Air Shuttle ASA, which experienced a significant increase, rising 3.39% or 0.39 points to close at NOK 11.91. Gjensidige Forsikring ASA also recorded gains, concluding the day up 1.54% or 3.60 points, finishing at NOK 237.60. Meanwhile, Storebrand ASA saw an increase of 1.36% or 1.80 points, ending the session at NOK 134.40. In contrast, some stocks faced downward pressure. Yara International ASA noted the biggest decline, dropping 3.45% or 11.50 points to close at NOK 321.70. Other notable losers included Nel ASA, which fell 3.44% or 0.10 points to finish at NOK 2.75, and Nordic Semiconductor ASA, down 2.21% or 3.00 points to close at NOK 132.90. Market breadth favored the gainers; 156 stocks advanced while 125 declined, and 21 remained unchanged on the Oslo Stock Exchange.

Commodities and Currency Update

In the commodities market, crude oil for May delivery dipped slightly, losing 0.13% or 0.09 to settle at $69.02 per barrel. Brent crude for June delivery showed a marginal increase of 0.01%, closing at $72.38 per barrel. Gold futures for June rose by 0.39% or $11.86, trading at $3,055.86 per troy ounce.

On the currency front, the Norwegian krone saw slight fluctuations against the euro and the US dollar. The EUR/NOK exchanged at 11.33, down 0.19%, while the USD/NOK traded at 10.49, falling 0.22%. Additionally, the US Dollar Index Futures dropped by 0.13%, closing at 103.80. -----

The strong gains in the Oslo market reflect a positive economic sentiment, influenced by sector performances and activity both in equities and commodities. Investors continue to watch global trends and market indicators closely as trading progresses into the week.