Nordic Stocks Drop; Kaldvik Falls Furthest

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Nordic stocks declined Monday, with the OMX Nordic 40 Index declining 0.1%.

Kaldvik A/S posted the largest decline among large stocks during the session, dropping 7.1%, followed by Bakkafrost P/F shares, which fell 5.2%. Shares of Icelandic Salmon A/S declined 4.8%.

Crayon Group Holding ASA was the biggest leader, jumping 18.9%, and Norsk Hydro ASA increased 4.4%. Vatryggingafelag Islands hf. rounded out the top three leaders on Monday, with shares adding 3.7%.

In Denmark, the OMX Copenhagen 20 Index was flat at 2,778.19., while the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, was flat at 4,507.27.

Stocks on Sweden's OMX Stockholm 30 Index gained 0.2%, and Norway's Oslo Exchange Benchmark Index_GI gained 0.2%. Shares in Iceland increased, with the OMX Iceland All-Share PI Equity Index adding 0.4%.

Elsewhere in Europe, indexes were mixed, with the STOXX Europe 600 Index declining 0.2% and the FTSE 100 Index adding 0.1% from the previous close.

In commodities news, Brent crude oil futures were up 1.5%, while gold futures were down 0.1%. Bitcoin was down 3.5% to $57,801.

On the currency front, the WSJ Dollar Index dropped 0.3% to 95.79.

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

Against the U.S. dollar, the Norwegian krone was up 0.5%, the euro was up 0.5%, the Danish krone was up 0.4%, the Icelandic krona was up 0.4%, and the Swedish krona was up 0.4%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

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

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