Monday, October 6, 2014

Nose Thieves English – nine shares to all-time low – HegnarOnline

Nose Thieves English – nine shares to all-time low – HegnarOnline

The main index of the Oslo Stock Exchange ended Monday at 584.49, after declining marginal 0.02 percent.

Shares and equity certificates were sold for 3.398 million.

The main index has thus fell 5.1 percent last month, but is up 6.5 percent so far this year.

On Wall Street float investors still on wave after Friday’s strong employment report, and the three key indices are all up.

The arrows pointing up also at the leading European exchanges.

British FTSE 100 and German DAX rising 0.9 percent, while the French CAC 40 is up 0.9 percent.

Oil, Statoil down
The oil market is also characterized by Friday’s employment report from the United States, and the impact is not as great as last week.

Brent November oil was up slightly earlier in the day, but is now in negative terrain with specifically 0.3 percent to $ 92.06 a barrel.

WTI oil seeing red by 0.4 percent to $ 89.37 a barrel.

– It is no surprise the price stabilizes after the massive fall last week, but we do not see a fixed price floor before OPEC indicating that it will cut production, said commodity manager Eugen Weinberg at Commerzbank in Frankfurt said.

Statoil, the exchange heaviest company, ended down 0.8 percent to 166.60 million, while Iraq exposed DNO fell 2.8 percent to 18.26 kroner.

English – bang
Among the most traded stocks were relatively modest effects.

The big exception was the English who were punished with a price drop of 6 , 9 percent to 209.40 dollars, after traffic figures for September.

The big disappointment was that the yield fell 15 percent.

DNB Markets had expected a decline of 6 percent, but retains its buy recommendation with a price target 250 million.

Traffic figures meant a cut in the Pareto-adjusted estimate for earnings per share in Q3 from 20.70 million to 17.50 million.

We also note that Aker company Akastor fell 3.5 percent to 23.20 million, while Aker Solutions went back 1.3 percent to 56.30 kroner.

Akastor was one of nine shares which set all-time low Monday.

The eight others were InterOil, Songa Offshore, Bergen Group, Photo Cure, Sevan Drilling, Western Bulk, Asetek and Scatec Solar.

The newcomer XXL was the only one who set all-time high.

REC Silicon pulled down 4, 1 percent to 2.27 million.

On the positive side step Hydro 1.6 percent to 34.81 million, while Seadrill gained 1.4 percent to 162 million.

We also take that Storebrand advanced 2.4 percent to 34.45 kroner.

Spetalen at both ends
Relatively ended the battered oil mosquito Noreco at the top of winners, up 13.2 percent to 2.58 million.

Only Repant rose more – 20 percent to 1.44 million.

Closest behind Noreco followed Eitzen Chemical plus 8 , 6 percent to 3.29 million, while the Oslo Axess-listed Nio gained 7.7 percent to 84 cents.

Nickel Mountain Group, with Øystein Stray Spetalen ownership, made a jump of 7.0 percent to 2.00 million.

At the other end we find Nordic Financials at minus 30.8 percent to 2.20 million.

Closest Bergen Group followed with a fall of 9.8 percent to 2.30 million, while Seadrill company Sevan Drilling also pulled down 9.8 percent to 1.85 million after an update to Developer Sevan, Sevan Louisiana and fleet update for Q3 .

In addition, the company with news about the planned move of the company from Norway to Bermuda.

Finally, we include the Spectrum, also with Øystein Stray Spetalen ownership , fell 8.7 percent to 31.50 kroner.

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