Norway's Stock Market Closes Higher with Oslo OBX Index Up 2.90%

Oslo, Norway – October 4, 2025

Norway's stock market experienced a notable upswing on Thursday, concluding the trading session with the Oslo OBX index rising by 2.90%. This increase was primarily driven by strong performance in the OSE Health Care Equipment & Service, OSE Pharma Biotech & Life Sciences, and OSE Utilities sectors.

Market Performance Overview

At the close of trading on October 4, 2025, the Oslo OBX index recorded a gain of 2.90%. Investors responded positively to a range of stocks, leading to a favorable market environment. The session saw significantly more winners than losers, with 234 stocks rising compared to 53 that fell, while 16 remained unchanged.

Leading Gainers

Several stocks stood out as top performers during the trading day. Golden Ocean Group Ltd (OL: GOGL) led the way, surging 6.20% or 4.30 points to trade at 73.70. Storebrand ASA (OL: STB) followed, with a notable increase of 4.14% or 4.70 points, closing at 118.30. Norsk Hydro ASA (OL: NHY) also made a strong showing, climbing 3.90% or 2.02 points to finish the day at 53.86. ### Notable Laggers

On the other hand, some stocks saw limited movement despite the overall positive trend. Nel ASA (OL: NEL) gained slightly by 0.34% or 0.01 points to trade at 2.33, while Orkla ASA (OL: ORK) added 0.80% or 0.90 points, ending the day at 113.30. Var Energi ASA (OL: VAR) closed the trading day up 1.39% or 0.38 points at 27.66. ### Commodity Market Developments

In the commodities market, crude oil prices saw a decline, with May delivery futures dropping by 5.02%, settling at $59.22 per barrel. Similarly, Brent oil for June delivery fell by 4.52%, reaching $62.52 per barrel. In contrast, gold prices rose, with June futures increasing by 3.13% to trade at $3,175.65 per troy ounce.

The currency markets also witnessed shifts, with the EUR/NOK rising by 2.52% to reach 12.06, and the USD/NOK increasing by 0.42%, closing at 10.79. The US Dollar Index Futures fell by 1.74%, ending at 100.84. ### Conclusion

Thursday’s market performance reflects a robust recovery in Norway's equities, highlighted by significant gains in multiple sectors. Investors remain optimistic as rising stocks considerably outnumbered those that declined, showcasing a resilient market sentiment. The markets will continue to be closely monitored as they react to ongoing developments within both national and global economic landscapes.