Friday, April 24, 2015

Heavyweights weighed Marketplace – ended slightly in plus – HegnarOnline

The arrows pointed to end slightly upward on the Oslo Stock Exchange Friday.

The main index ended up 0.04 percent to 651.37.

The main index is up 4.7 percent last month and 13.1 percent so far this year.

Europe
The mood in Europe is positive at market close. FTSE 100 in London rises 0.2 percent, while the DAX in Frankfurt is up 0.4 percent.

French CAC 40 rises 0.1 percent and Madrid’s IBEX 35 up 0.5 percent.

The development occurs after several large companies have released good quarterly Friday.

Oil prices up
Oil prices were down earlier this morning, but now continues up after Thursday’s rally triggered by the coalition with Saudi Arabia spearheaded performed new air strikes against Houthi militia in Yemen.

Brent June oil rises 0.17 percent to $ 64.96 a barrel by close of trading, while WTI spot is now down 1.01 percent to $ 56.88 a barrel.

– One can hope for an oil price of $ 75, but I think it must be planned for a lower price. I expect that oil prices remain at $ 60, says Occidental Petroleum CEO Stephen Chazen said.

On the Oslo Stock Exchange fell 0.06 percent to Statoil 155.40 million, while DNO pulled up 1.2 percent to 14.27 dollars.

We note that Seadrill fell 4.3 percent to 89.35 million, while Subsea 7 fell 1.44 percent to 82.10 dollars.

Yara burdened
Yara fell today 2.30 percent to 404 kroner after the quarterly report showed strong operation, but also a dollartap that burdened accounts with over 1.8 billion.

The company was most traded today, with 719 million.

Tomra ended on its side up 6.4 percent to 74.50 kroner after its quarterly figures. The stock was listed items. dividend today.

Höegh LNG rose 4.2 percent to 100.50 kroner after a fresh 20-year agreement with E.ON.

In addition, we note that PGS Steps 3.4 percent to 45.50 million, while REC Silicon ended up 2.4 percent to 2.21 million.

On the negative side fell DNB 2.2 percent to 136.60 kroner. The decline was marginally as the stock today went ex-dividend.

Many stocks go ex-dividend Friday. Full list here.

Mining share to the bottom
On the list of losers we note the Oslo Axess-listed mining shares, Nordic Mining, which drew down 9.2 percent to 1.08 respectively.

The share rose sharply last Friday after the government gave the green light for a sea disposal of mining waste in Førdesfjorden – the big obstacle to initiate their project on Engebøfjellet.

The message provoked strong reactions from the opposition in Parliament, and yesterday it emerged that the Presidency Forde has decided to complain seafill to ESA Court.

We also take with us Saga Tankers of minus 8.1 percent to 1.70, and Frontline, which fell 7.1 percent to 20.80 dollars.

Also Norwegian Forest fell today and share ended at minus 4.54 per cent to 4.42 million.

The latter was previously Friday downgraded by Nordea Markets from hold to sell.

winners topped by Blom, which today rose 26.8 percent to 15.40 dollars on thin volume.

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