Nordic Stocks Dropped Friday; Peab Series B Took Biggest Hit

Stocks in the Nordic region dropped Friday, with the OMX Nordic 40 Index declining 0.5%.

Peab AB Series B posted the largest decline during the session, tumbling 13.8%, followed by Ratos AB Series B shares, which tumbled 10.4%. Shares of Ratos AB Series A dropped 8.0%.

Hoegh Autoliners ASA was the biggest leader, gaining 4.9%, and Wallenius Wilhelmsen ASA increased 4.5%. Marel hf. rounded out the top three leaders on Friday, with shares gaining 4.1%.

In Denmark, the OMX Copenhagen 20 Index fell 0.3%, and the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, declined 1.3%.

Stocks on Sweden's OMX Stockholm 30 Index dropped 0.5%, while Norway's Oslo Exchange Benchmark Index_GI gained 0.1%. Shares in Iceland increased, with the OMX Iceland All-Share PI Equity Index adding 1.2%.

Elsewhere in Europe, indexes were mixed, with the STOXX Europe 600 Index declining 0.3% and the FTSE 100 Index flat from the previous close.

Stock indexes in Asia were mixed, with Japan's NIKKEI 225 Index up 1.4% and China's Shanghai Composite Index down 0.5%.

In commodities news, Brent crude oil futures were down 0.8%, while gold futures were up 0.3%. Bitcoin slipped 0.9% to $40,717.

On the currency front, the WSJ Dollar Index declined 0.1% to 97.91.

Against the euro, the Icelandic krona was up 0.4%, the Norwegian krone was up 0.2%, the Swedish krona was flat, the Danish krone was flat, and the U.S. dollar was down 0.1%.

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

-This article was automatically generated by MarketWatch using technology from Automated Insights. Data source: Dow Jones Market Data, FactSet.

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(END) Dow Jones Newswires

January 19, 2024 12:46 ET (17:46 GMT)

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