Monday, September 29, 2014

Telenor burdened stock – oil stock sailed up – HegnarOnline

Telenor burdened stock – oil stock sailed up – HegnarOnline

Oslo Stock Exchange opened as expected on Monday morning, and spent much of the day in positive territory.

During the afternoon cooled, however, the mood before main index rose again. Finally, the increase was 0.06 percent to 607.22.

Unrest in Hong Kong, as well as the excitement around the week’s many macroeconomic figures dragged down stock markets in Asia and the United States Monday.

Oil prices slightly down
November Brent oil traded at the close of trading for $ 96.74 a barrel, down 0.27 percent, while the price was $ 96.82 a barrel when the exchange closed Friday. The American WTI oil is up 0.18 percent to $ 93.51 a barrel.

Statoil rose to end 0.23 percent to 174.60 kroner. The shares were the most traded 310 million today.

Aker Solutions and Akastor on a stock exchange
Aker Solutions was listed on Oslo Stock Exchange. Representatives from Aker Solutions and Akastor ring the bell at 09:00.

Aker Solutions Holding ASA listed on Oslo Stock Exchange under the ticker AKSO, and change the name to Aker Solutions ASA. Meanwhile, the remaining business of Aker Solutions ASA change its name to Akastor ASA. Akastor will be listed under the ticker AKA.

AKOFS Offshore, part of Akastor ASA announces a five-year contract extension for Skandi Santos. Skandi Santos is owned by DOF Subsea and Offshore hired to AKOFS.

The contract, signed with Petrobras, is around 2.5 billion.

Akastor was eventually traded for 25 , 71 million, while Aker Solutions was last traded at 65.35 dollars. At the peak of the shares as high as 28 and 70 respectively.

TGS surveys
TGS announces two seabed surveys in the United States Gulf of Mexico. This is done in collaboration with Fairfield Odal.

TGS fell today 0.06 percent to 156.50 kroner.

New product in Navamedic`s portfolio
Navamedic, according to a notice expanded its product portfolio with the antithrombotic drug Arixtra. The product has a sales potential of one million euros in the Nordic markets.

The stock rose Monday 1.62 percent to 12.40 dollars.

baksaas continues Telenor end of 2015
Board of Telenor ASA has asked CEO Jon Fredrik Baksaas, who turns 60 in November, to extend his employment from 2015 baksaas accepted.

From 1 January 2016 will baksaas continue as special advisor to Telenor for a further 12 months. In his position as special adviser he will report to the Board.

Read also: Telenor roll out 4G in Hungary

Telenor ended down 1.26 percent to 141.20 kroner.

Orkla exchange notes Gränges
Orkla has decided to publicly traded Swedish Grange. The company priced at 3.1 to 3.7 billion Swedish crowns.

Orkla rose 0.7 percent to 57.80 kroner.

Yara second most traded
Yara ended near the top of the sales list Monday.

With a turnover of 299 million, the stock rose 0.54 percent to 318.70 kroner.

The brokerage Berenberg raises price target on Yara to 315 million shares from 290 million previously and repeats a hold recommendation. The upgrade is due to rising prices and lower European gas costs, where both changes are unrelated to the merger discussions with CF Industries.

Recommend DNO
DNO rose 2 percent to 19.90 million, and was thus one of the stocks that moved most of the sales peak today.

The development occurred after Bank of America Merrill Lynch (BoA-ML) has made DNO new Top Picks in E & amp; P segment.

the broker raises the price target by 10 percent to 32.50 million, and the purchase recommendation repeated.

The argument goes according to TDN Finans on the significant growth in oil exports from Kurdistan.

Clean Smell in Seadrill
Oil Companies in save mode gives weak outlook for oil.

This also turns into lower activity in the Norwegian high yield market, according to TDN Finans.

– In Norway, high-yield subsided significantly. Investors are uncertain now when oil goes as it goes. Investors are generally frightened, said credit analyst Alexander Jost SEB.

He points out Seadrill bonds as an example.

John Fredriksen’s shares fell today by 0.12 percent to 173 million and is down 30.13 percent so far this year.

It was just before the close of trading on Monday known that Fredriksen’s daughter Cecilie Astrup Fredriksen is proposed as a director of Norwegian Property.

The stock fell 0.21 percent to end at 9.68 million.

Fredriksen share Frontline step otherwise powerful today without there having been no specific news from the company.

The stock ended up 6.46 percent to 8.24 million.

Northland-bang
Stig Myrseth warned today that low ore prices may be the nail in the coffin for Northland Resources.

The stock plunged 4.13 also prosemt to 1.16 million today. So far this year, the stock is thus down 76.18 percent.

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