Lowest since April 2009 – OBI Online

The main index on the Oslo Stock Exchange ended down 2.36 percent to 626.66 points Monday. It was traded securities for just over 3.2 billion.

Also European exchanges pulled down Monday. When the Oslo Stock Exchange closed was Dax index down 2.4 percent while the CAC40 was down 2.3 percent.

China-popping
The decline came after the Shanghai Composite went a loud bang Monday and ended down 8.5 percent to 3,725.66, according to Bloomberg on concern that growth will fall further in China in the future.

Børskrasjen Monday the biggest fall in a day since February 2007 .

Oil
Also oil was affected by the risk-off sentiment. One barrel North Sea oil was traded for $ 54.78 a barrel on the stock starting cost $ 53.68 when the Oslo Stock Exchange closed, representing a decrease of 1.72 percent intraday.

A recent report by Wood Mackenzie, quoted by Financial Times, shows that the major oil companies cut costs and added projects for 200 billion dollars on the shelf.

Analysts believe Statoil will struggle to maintain the dividend if the oil price remains at $ 55 a barrel, writes DN. The company has, however, promised to keep up the quarterly dividend payments this year.

Statoil ended down 2.90 percent to 130.40 kroner.

Courses Massacre
DNO fell throughout 6.90 percent to 7.96 kroner to the increased turbulence around the border between Syria and Turkey.

Frontline, Q-free, Kongsberg Automotive, Tomra and XXL was the only shares in the benchmark index which rose Monday.

Fredriksens Seadrill fell throughout 4.87 percent to 68.30 kroner. This is the lowest quotation for the rig company since April 2009. Values ​​for 109 billion is gone since Fredriksen company’s peak of 289.40 kroner.

Yara, Norwegian, Aker Solutions and Opera also fell more than four percent. The Norwegian oil company, Nordic Semiconductor, PGS and REC Silicon fell between three and four percent, while the Norwegian Hydro, DNB, Marine Harvest, Orkla and Storebrand was down between two and three percent.

Scana Industrier, Dolphin, Songa, Avocet Mining, Funcom, Rak Petroleum and Akastor set new lows.

Funcom against bankruptcy
Last week it became known that the sale of Funcom Lego Minifigures Online has failed since its launch a month ago. It was stated that “proceeds from all games will not be enough to cover both operating costs and debt obligations” which is due in June 2016.

– In plain language, they say that they currently not have the ability to make up for when the debt matures. A nonpayment will be the definition of default, known as a technical bankruptcy, said credit analyst Pål Ringholm in Swedbank to DN.

The stock fell 10.17 percent to 1.06 kroner Monday.

coasted up the deal
Q-Free Company Interest Light has signed a framework agreement for Advanced Transportation Management System (ATMS). The agreement is with transport ministry in the state of Georgia in the United States in connection with the project “State Wide – Traffic Signal Software”

The contract has an estimated value of 82 million.

The stock was up 6, 99 percent to 12.25 million.

Sales Recommendation
DNB Markets downgraded Archer share from a neutral recommendation to a sell recommendation, and cut at the same time the price target from three to two crowns . The stock fell 5.53 percent to 2.22 million.