Nordic Stocks Drop; Golden Ocean Group Takes Biggest Hit

This article was automatically generated by Dow Jones using technology from Automated Insights.

Nordic stocks declined Thursday, with the OMX Nordic 40 Index declining 0.3%.

Golden Ocean Group Ltd. posted the largest decline among large stocks during the session, falling 6.2%, followed by Torm PLC A shares, which fell 5.1%. Shares of Hoegh Autoliners ASA declined 4.0%.

BioArctic AB Series B was the biggest leader, adding 4.1%, and International Petroleum Corp. gained 3.5%. Fortum Oyj rounded out the top three leaders on Thursday, with shares adding 3.5%.

In Denmark, the OMX Copenhagen 20 Index dropped 1.6%, while the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, was flat at 4,318.50.

Stocks on Sweden's OMX Stockholm 30 Index gained 0.5%, and Norway's Oslo Exchange Benchmark Index_GI gained 0.9%. Shares in Iceland increased, with the OMX Iceland All-Share PI Equity Index gaining 0.2%.

Elsewhere in Europe, indexes rose, with the STOXX Europe 600 Index gaining 0.4% and the FTSE 100 Index rising 0.8% from the previous close.

In commodities news, Brent crude oil futures were up 1.4%, and gold futures were up 0.6%. Bitcoin was up 2.9% to $97,081.

On the currency front, the WSJ Dollar Index rose 0.2% to 101.07.

Against the euro, the U.S. dollar was up 0.8%, the Norwegian krone was up 0.4%, the Swedish krona was up 0.1%, the Danish krone was flat, and the Icelandic krona was down 0.4%.

Against the U.S. dollar, the Norwegian krone was down 0.3%, the Swedish krona was down 0.6%, the Danish krone was down 0.7%, the euro was down 0.8%, and the Icelandic krona was down 1.2%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 21, 2024 12:06 ET (17:06 GMT)

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