The Oslo Stock Exchange closed Thursday as the only major Nordic market in positive territory, insulated by a rally in global oil prices.
While regional peers faced selling pressure, the Norwegian benchmark benefited from the energy sector's strength, diverging from the wider Scandinavian trend.
The regional Vinx 30 index, which tracks the largest companies across the Nordic region, fell 0.9% to close at 1,527.
The decline reflected broad-based weakness in Swedish, Danish, and Finnish equities, contrasting sharply with the resilience seen in Oslo.
The divergence underscores the continued sensitivity of the Norwegian market to commodity cycles, particularly crude oil.
Brent crude prices have climbed approximately 3.5% since Friday’s close, reaching $78.7 per barrel in early trading.