Nordic Stocks Drop; Biotage Posts Biggest Loss

Dow Jones
01-14

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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