Nordic Stocks Dropped Tuesday; Volvo Car Series B Fell Furthest

Stocks in the Nordic region dropped Tuesday, with the OMX Nordic 40 Index declining 0.3%.

Volvo Car AB Series B posted the largest decline during the session, declining 6.0%, followed by Nordic Semiconductor ASA shares, which fell 5.4%. Shares of Borr Drilling Ltd. declined 5.3%.

Golden Ocean Group Ltd. was the biggest leader, increasing 7.3%, and Carlsberg A/S Series A gained 3.9%. Marel hf. rounded out the top three leaders on Tuesday, with shares increasing 2.2%.

In Denmark, the OMX Copenhagen 20 Index dropped 0.7%, and the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, declined 0.6%.

Stocks on Sweden's OMX Stockholm 30 Index fell 0.4%, while Norway's Oslo Exchange Benchmark Index_GI dropped 1.4%. Shares in Iceland increased, with the OMX Iceland All-Share PI Equity Index rising 0.7%.

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

In commodities news, Brent crude oil futures were down 0.5%, while gold futures were up 1.1%. Bitcoin fell 0.3% to $37,346.

On the currency front, the WSJ Dollar Index dropped 0.2% to 98.02.

Against the euro, the Norwegian krone was up 0.7%, the U.S. dollar was up 0.1%, 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 up 0.5%, the Swedish krona was flat, the Danish krone was down 0.1%, the euro was down 0.2%, and the Icelandic krona was down 0.6%.

-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

November 21, 2023 13:13 ET (18:13 GMT)

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