Nordic Stocks Drop; Biotage Posts Biggest Loss

Dow Jones
14 Jan

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

Stocks in the Nordic region fell Monday, with the OMX Nordic 40 Index declining 1.3%.

Biotage AB posted the largest decline among large stocks during the session, plunging 12.7%, followed by Addnode Group AB Series B shares, which declined 6.8%. Shares of Norwegian Air Shuttle ASA fell 5.4%.

Embracer Group AB Series B was the biggest leader, increasing 8.1%, and Frontline PLC increased 5.6%. Granges AB rounded out the top three leaders on Monday, with shares rising 4.3%.

In Denmark, the OMX Copenhagen 20 Index fell 2.1%, while the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, held steady at 4,353.08.

Stocks on Sweden's OMX Stockholm 30 Index dropped 0.4%, while Norway's Oslo Exchange Benchmark Index_GI held steady at 1,479.15. Shares in Iceland increased, with the OMX Iceland All-Share PI Equity Index adding 0.6%.

Elsewhere in Europe, indexes fell, with the STOXX Europe 600 Index falling 0.6% and the FTSE 100 Index declining 0.3% from the previous close.

In commodities news, Brent crude oil futures were up 1.9%, while gold futures were down 1.2%. Bitcoin was down 3.4% to $91,376.

On the currency front, the WSJ Dollar Index increased 0.1% to 103.75.

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

Against the U.S. dollar, the Norwegian krone was up 0.1%, the Icelandic krona was flat, the Danish krone was down 0.3%, the euro was down 0.4%, and the Swedish krona was down 0.5%.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 13, 2025 12:05 ET (17:05 GMT)

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