Nordic Stocks Decreased Friday; Norwegian Air Shuttle Posted Biggest Loss

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Stocks in the Nordic region declined Friday, with the OMX Nordic 40 Index declining 0.8%.

Norwegian Air Shuttle ASA posted the largest decline among large stocks during the session, declining 7.4%, followed by Kaldvik A/S shares, which fell 7.1%. Shares of Volvo Car AB Series B fell 5.7%.

BioArctic AB Series B was the biggest leader, gaining 5.7%, and Sectra AB Series B increased 5.0%. Hoegh Autoliners ASA rounded out the top three leaders on Friday, with shares adding 5.0%.

In Denmark, the OMX Copenhagen 20 Index dropped 0.4%, and the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, dropped 1.4%.

Stocks on Sweden's OMX Stockholm 30 Index dropped 1.1%, while Norway's Oslo Exchange Benchmark Index_GI dropped 0.6%. Shares in Iceland were flat, with the OMX Iceland All-Share PI Equity Index holding steady at 2,026.75.

Elsewhere in Europe, indexes fell, with the STOXX Europe 600 Index declining 1.1% and the FTSE 100 Index declining 0.7% from the previous close.

In commodities news, Brent crude oil futures were down 2.1%, and gold futures were down 0.3%. Bitcoin slipped 3.5% to $54,051.

On the currency front, the WSJ Dollar Index increased 0.1% to 96.33.

Against the euro, the Icelandic krona was up 0.5%, the U.S. dollar was up 0.3%, the Danish krone was flat, the Swedish krona was down 0.1%, and the Norwegian krone was down 0.5%.

Against the U.S. dollar, the Icelandic krona was up 0.2%, the euro was down 0.3%, the Danish krone was down 0.3%, the Swedish krona was down 0.4%, and the Norwegian krone was down 0.8%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

September 06, 2024 12:21 ET (16:21 GMT)

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