Nordic Stocks Closed Down Friday; Genmab Fell Furthest

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

Genmab A/S posted the largest decline among large stocks during the session, falling 4.9%, followed by Eik Fasteignafelag hf. shares, which dropped 4.7%. Shares of Filo Corp. dropped 4.5%.

A.P. Moeller-Maersk A/S Series B was the biggest leader, gaining 5.1%, and A.P. Moeller-Maersk A/S Series A increased 4.9%. Wilhelm Wilhelmsen Holding ASA rounded out the top three leaders on Friday, with shares increasing 3.7%.

In Denmark, the OMX Copenhagen 20 Index dropped 0.8%, and the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, dropped 0.2%.

Stocks on Sweden's OMX Stockholm 30 Index dropped 0.6%, while Norway's Oslo Exchange Benchmark Index_GI fell 0.1%. Shares in Iceland decreased, with the OMX Iceland All-Share PI Equity Index falling 0.7%.

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

Stock indexes in Asia were down, with Japan's NIKKEI 225 Index falling 1.2% and China's Shanghai Composite Index falling 0.9%.

In commodities news, Brent crude oil futures were up 0.9%, while gold futures were down 0.1%. Bitcoin climbed 1.8% to $68,287.

On the currency front, the WSJ Dollar Index declined 0.2% to 99.47.

Against the euro, the Norwegian krone was up 0.7%, the Swedish krona was up 0.4%, the Icelandic krona was up 0.3%, the Danish krone was flat, and the U.S. dollar was down 0.3%.

Against the U.S. dollar, the Norwegian krone was up 1.0%, the Swedish krona was up 0.8%, the Icelandic krona was up 0.6%, the Danish krone was up 0.3%, and the euro was up 0.3%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 24, 2024 12:15 ET (16:15 GMT)

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