Norway Stock Market Ends Lower as Key Sectors Decline

Oslo, Norway - March 27, 2025

Norwegian stocks saw a decline at the close of trading on Thursday, with the Oslo OBX index dropping by 0.69%. This downturn was primarily driven by losses in the media, transport, and diversified financials sectors.

At the conclusion of trading in Oslo, the Oslo OBX index was recorded at a lower value, reflecting an overall negative performance for the session. Among the listed stocks, the best performer was Golden Ocean Group Ltd (OL: GOGL), which saw an increase of 1.79%, or 1.50 points, ending the day at 85.50. Another notable gainer was Norwegian Air Shuttle ASA (OL: NAS), which rose by 1.60%, or 0.20 points, closing at 12.42. Orkla ASA (OL: ORK) also finished positively, rising 0.71%, or 0.80 points, to close at 112.90, marking a five-year high for the stock.

Conversely, the largest losses were recorded by Hoegh Autoliners ASA (OL: HAUTO), which plummeted by 4.93%, or 4.05 points, to close at 78.15. Frontline Ltd (OL: FRO) followed, with a decline of 4.18%, or 6.95 points, ending at 159.50. Additionally, Norsk Hydro ASA (OL: NHY) experienced a 4.14% drop, or 2.72 points, bringing its close to 63.00. Overall, the trading statistics indicated a predominance of declining stocks; 173 stocks fell while 106 advanced, with 22 remaining unchanged by the day's end.

In related market activity, crude oil prices for May delivery experienced a slight decrease, down 0.04% to $69.62 a barrel. Brent oil for June delivery similarly fell by 0.14%, concluding at $72.96 a barrel. In contrast, the June Gold Futures contract noted an increase, rising by 1.35%, or 41.15 points, and trading at $3,093.45 a troy ounce.

Foreign exchange movements showed the EUR/NOK rising by 0.13% to 11.35, while the USD/NOK decreased by 0.22% to 10.51. The US Dollar Index Futures also reported a drop of 0.27%, settling at 103.92. As the market reacts to various economic indicators and sector movements, traders and investors will continue to monitor the developments within Norway’s stock market as well as global economic trends.