The main index on the Oslo Stock Exchange ended down 1.97 percent to 632.17 points Wednesday. It was traded securities for 5,270,000 kroner.
In Europe kept markets for a long time almost flat, but broke down when the United States presented the weak GDP figures. When the Oslo Stock Exchange closed Wednesday was Dax index down 2.95 percent, CAC40 was down 1.97 percent and FTSE100 was down 0.88 percent.
European consumer confidence figures and the German consumer price index also came in on the weak side.
Brent oil was traded at $ 65.17 a barrel on the spot market when the exchange closed, representing an increase of 0.98 percent in the current day. When trading began on the Oslo Stock Exchange Wednesday morning, prices between 64.40 and 64.50 US dollars a barrel.
Statoil fell 1.98 percent to 153.50 kroner ahead of the broadcast Thursday. Oil Producers DNO and The Norwegian oil company ended down respectively. 6.47 and 3.76 percent.
As the Oslo Stock Exchange closed, it was announced that American crude store rose by 1.9 million barrels to 490.9 million barrels in the week leading up to 24 April. According to Bloomberg and TDN Finans was expected that stocks would be up 2.8 million barrels. DNB Markets analyst Torbjorn Kjus said in a report that first impressions are mixed.
Statoil has awarded AF (AFG) framework agreement for delivery of HVAC equipment (Heating, Ventilation and Air Conditioning) for Johan Sverdrup field center. The contract period is five years with an option for Statoil to extend the agreement for a further two consecutive periods of two years. Excluding options estimated value to be 250 million kroner, and the AF Group rose 1.49 percent to 102.00 kroner.
Wednesday there has been an avalanche of quarterly data from several of the exchange’s heavyweights.
All the result matters can be found here!
Norwegian Hydro , which was today’s most actively traded company on the Oslo Stock Exchange, reported a profit after tax of NOK 1,072 million in Q1 2015 against 462 million in the same period last year. Consensus was 1.665 million.
Despite a record underlying operating profit of 3,208 million, compared with NOK 772 million the year before and konsensusestimateer at 3.294 million, equity prices fell as a stone. Norwegian Hydro ended the day down 7.45 percent to 36.65 dollars.
Analyst Anne Gjøen Handelsbanken Capital Markets stated that lower premiums and a weaker dollar against the krone is much more important for the share price than the profit performance in the first quarter. Morgan Stanley said that first-quarter figures for Norwegian Hydro represents the top.
John Fredriksen farming company Marine Harvest went ashore a net profit of 387 million in Q1 2015 against 766 million million in the same period last year. Consensus was 546 million. The stock fell 1.53 percent to 93.10 dollars.
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Shareholders in today’s third most-traded company, Norwegian Air Shuttle, can be rubbing their hands after a solid day’s return of 10.50 percent. Shares in airline land on the closing price 310.50 dollars, after having presented a profit after tax of minus NOK 538 million in Q1 2015. The same quarter last year was minus NOK 595 million. Average estimate was a loss of NOK 659 million kroner.
Video: Interview with CEO Bjorn Kjos
Sport chain XXL reported strong growth in both top and bottom line. Shares rose 7.28 percent to 81.00 kroner.
Storebrand earned 258 million after tax in Q1 2015 against 509 million in the same period last year. The consensus estimate was 366 million. The insurance company was hammered down 11.33 percent to 26.60 kroner, on high volume.
Subsea 7 announced a net profit of $ 151 million in Q1 2015 against $ 131 million in the same period last year. There were expecting a profit of $ 89 million. The stock climbed 1.40 percent to 80.80 dollars.
Aker Solutions reported a profit after tax of NOK 220 million in Q1 2015 against 283 million in the same period last year and an expected a profit of 310 million kroner. The share price rose 2.22 percent to 46.00 kroner. Improved visibility of the order book outweighed weak ebitda.
At the end of the day made Good Tech a jump and ended up 2.94 percent to 10.50 respectively. The company reported a contract with Fortum, worth approximately 140 million Swedish kronor.
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