There have been blood red on the Oslo Stock Exchange since trading day started. The benchmark index ended down 1.87 percent at 552.65 points.
Shortly before the end of the auction on the Oslo Stock Exchange was burnt oil traded at $ 89.05 a barrel on the spot market, up 0.20 percent. The American light oil was also traded for $ 84.90 a barrel, up 0.52 percent. Marginal rise despite so this was by no means oil prices investors cheered.
The fear of the world economy, and especially the eurozone, was also high on today’s agenda.
The fall in German exports of 5.8 per cent in August came in the wake of disappointing industrial orders and -production from the same country earlier this week.
European stock markets also fell. When the Oslo Stock Exchange was closed Dax index in Germany was down 2.36 percent to its lowest level so far this year.
There was not much help to get from the United States. Friday’s trading on the New York Stock Exchange started in red. Dow Jones eventually managed to crawl marginally above zero.
Statoil, which was the exchange’s most traded shares Friday ended at NOK 158.65 per share, down 2.16 percent. The oil giant was earlier on Friday out and commented that the oil and gas industry is facing serious challenges, while they cut jobs.
Oil service companies have bled market Friday. Seadrill fell 6.74 percent Subsea 7 was down 3.68 percent, PGS fell 2.37 percent. Aker fell “only” 2.45 percent to 179.50, but Aker Solutions ended the day down 6.45 percent to 51.10 dollars and Kvaerner were down 6.01 percent to 9.54 million.
Gjensidige Forsikring was the only OBX shares ended in positive territory. The insurance rose 2.25 percent to 131.70 kroner.
Director Gunnar Hirsti used the downturn to buy up DNO . The stock fell 5.55 percent on Friday, to 15.31 million.
cruise company RCCL was burdened by Ebola fear, and fell 4.54 percent to 376.60 kroner.
Norwegian started the day in the red and was down nearly two percent around lunchtime, and after a short trip back the blue tallenen managed stock finally getting a closing price of 187.20 dollars. With a decline of “only” 0.58 percent was Kjos almost like a stock market winner to rain. Figures from Avinor showed that growth in air traffic continued in September. SAS other hand, fell more than five percent.
But it was Funcom that were present happy news . Game Company announces that it has entered into an agreement for the development and marketing of online Lego minifigures. Intel is a contract partner with Funcom. Play The stock rose — to — percent respectively.
Interoil topped the losers’ list with a decline of 44.64 per cent to 31 cents. The company announced that they are in danger of losing two licenses in Colombia. InterOil Exploration & amp; Production also came with an update for September, and Upgrading called the average production rose from 3,965 boe per day in August to 4,023 boe per day in September.
DIAGENIC -emisjonen came in the box. The company announced to the press that they have taken 35 million, and rose 7.03 percent to 0.71 million.
Among the many companies that were down five percent were also big companies like Seadrill, SAS, Kvaerner, Kongsberg Automotive, DNO and Aker Solutions.
Northland, Interoil, Songa, TTS, Sevan Drilling, Odfjell Drilling, Asetek, Tanks Investments, Weifa and Scatek Solar set a new all-time low.
XXL was utterly alone to set a new all time high, and ended up 2.43 percent to 63.25 dollars. Intraday were XXL share up and sniffed at 64 million.
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