Nordic Stocks Dropped Wednesday; Better Collective Took Biggest Hit

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Stocks in the Nordic region dropped Wednesday, with the OMX Nordic 40 Index declining 0.2%.

Sweden-listed Better Collective A/S posted the largest decline among large stocks during the session, plunging 15.6%, followed by Denmark-listed Better Collective A/S shares, which tumbled 13.5%. Shares of Golden Ocean Group Ltd. declined 9.9%.

Odfjell Drilling Ltd. was the biggest leader, increasing 6.6%, and Corem Property Group AB Series B rose 5.7%. Scatec ASA rounded out the top three leaders on Wednesday, with shares rising 5.5%.

In Denmark, the OMX Copenhagen 20 Index fell 0.3%, and the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, held steady at 4,707.93.

Stocks on Sweden's OMX Stockholm 30 Index gained 0.1%, while Norway's Oslo Exchange Benchmark Index_GI fell 0.4%. Shares in Iceland increased, with the OMX Iceland All-Share PI Equity Index adding 0.1%.

Elsewhere in Europe, indexes fell, with the STOXX Europe 600 Index declining 0.3% and the FTSE 100 Index dropping 0.5% from the previous close.

Stock indexes in Asia were mixed, with Japan's NIKKEI 225 Index down 0.8% and China's Shanghai Composite Index up 0.0%.

In commodities news, Brent crude oil futures were down 0.9%, and gold futures were down 1.3%. Bitcoin rose 1.7% to $70,454.

On the currency front, the WSJ Dollar Index increased 0.2% to 99.44.

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

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

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 22, 2024 12:15 ET (16:15 GMT)

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