The main index of the Oslo Stock Exchange rose 0.3 percent to 628.52 Tuesday, helped by Statoil, which rose 1.4 percent to 132.2 million on better than expected quarterly results, and a promise that the proceeds will be held on 22 cents. share in Q3 and Q4.
The fall on the stock exchange in Shanghai slowed, while it was up in Hong Kong. And when the exchange closed in Oslo were all the main European exchanges up.
This, together with Statoil’s result, contributed to a slightly lighter mood on the Oslo Stock Exchange, but the good mood faded off throughout the day.
Crude burdened
Statoil was up more than 3 percent earlier in the day, but lower oil prices leave eventually dampen the recovery.
Statoil reported a net profit of 10.1 billion in Q2 2015, compared with 11.9 billion in the same period last year, while according to TDN Finans was expecting a profit of 6.67 billion.
Mixed among the heavyweights
12 of the 25 shares in the OBX index rose while 13 fell. 7 shares dropped to new lows, while 1 shares rose to new all-time high.
Seadrill rose 1.6 percent to 69.4 million on a stripped-down, yet airy target from Morgan Stanley at 107 million .
Oil prices were down all day and has not been lower since January.
When the exchange closed in Oslo was light crude around $ 47.2, down 0 , 38 percent, while Brent was down 1.6 percent to 52.62 and the current lowest.
The winner among the heavyweights were English, which rose 2.35 percent to 339.3 million.
The losers were Aker Solutions and PGS, which fell respectively 5.3 percent to 31.3 million and 3.8 percent to 35.27 dollars.
Telenor fell 0 , 8 percent to 177.4 million, while Yara ended down 0.9 percent to 404.8 million.
Bakkafrost rose 3.2 percent to a new all-time high of 243.5 million , on rising salmon prices.
The spot price for fresh gutted salmon for delivery in Oslo, rose by 1.44 million to an average of 43.95 dollars per kilo in week 30, according to statistics from Nasdaq Salmon Index (NOS Clearing and Fish Pool), Reuters reported.
Marine Harvest rose 1 percent to 99.2 million.
The technology Napatech announced the first delivery of Napatech Pandion a customer who has specialized in the public market in the United States. Shares rose 6.95 percent to 20 million.
Other smaller and not as significant shares rose Seabird Exploration 20 percent to 6 cents, while Serodus on Oslo Axess fell 15.6 percent to 2.6 million, followed by Aker Philadelphia Shipyard down 19.7 percent to 154.5 million.
The winner in Oslo Axess was Spetalen-dominated Saga Tankers, with a rise of 9.5 percent to 2.53 million.
All-time low
The failure of Funcom Lego Minifigures Online, along with the company is not generating enough revenue to meet its obligations next year, sent shares on down to new all-time low of 91 cents.
Scana Industrier, Vardia, Panoro, Rak Petroleum and Akastor also fell to new all-time low.
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