The main index on the Oslo Stock Exchange ended at 560.93 Friday, up 1.56 percent.
However, the current nice recovery could not prevent the index fell 8.1 percent in the first stock exchange month.
We can safely say was the January effect investors had hoped for.
Shares and equity certificates on Friday traded for 5.731 million respectively.
Minus rate in Japan
Europe woke up Friday to a public rally in Asia after the Bank of Japan (BoJ) took the market on the bed by cutting interest rates to below zero.
– It is important to show people is that BoJ is very determined to achieve 2.0 per cent inflation, and that we will do whatever it takes to make it, said Governor Haruhiko Kuroda in a note.
The leading European bourses also rose markedly.
British FTSE 100 ended up 2.2 percent, German DAX 1.6 percent, while the French CAC 40 climbed 2, 2 percent.
The Japanese surprise helps to send Wall Street solid from the start.
Today’s preliminary GDP figures showed a slightly weaker growth than expected in Q4, which has triggered hopes that the Federal Reserve will slow the pace of its rate hikes this year.
– What is clear is that equity markets can not stand on its own. As long as the economy staggers and the world is weighed down in debt, central banks and their monetary printing a necessary evil to keep the markets up, says a senior economist Koen De Leus at KBC in Brussels told Reuters.
We also note that the industry indices Chicago PMI came in well above expectations in January.
Oil prices further up
Oil prices continued upturn Friday ettermiddaag, triggered by an apparently increasing willingness to talks about potential cuts among the major manufacturers.
Brent March oil stands at $ 34.71 a barrel, up 2.4 percent in today’s trading. By comparison, stood front contract for around $ 34.65 a barrel as stock market closed yesterday.
WTI oil was up 2.6 percent to $ 34.08 in today’s trading.
Russian news agency Interfax reported Thursday that OPEC now had invited representatives of the Russian authorities to meet, and that the parties are ready to meet in February.
Russia’s Energy Minister Alexander Novak was also quoted as saying that Saudi Arabia has proposed a cuts of up to five percent.
Later showed Dow Jones to statements by a senior OPEC delegate that no calls are being planned.
Delegates sia further that Saudi Arabia has not proposed to cut production, but at the same time that the country is open for cooperation with all manufacturers.
– Good chances for cuts
Many analysts said Friday that they consider the chances of a cut deal as good.
– While headlines whizzes around, it is difficult to be completely sure every word, but we interpret it not true that “no meeting scheduled yet” is the same as “no meeting planned» , said analyst Olivier Jakob at Petro Matrix in Swiss Zug said.
– “Yet” (yet) is not necessarily a “njet” and we can therefore still present speculate a possible meeting, he adds.
Oil analyst Torbjorn Kjus in DNB Markets believes the chances of a cut is good, but adding that Saudi Arabia can not be cut if they do not realize Iran.
– They can not do such a service for its worst enemy, he says Finansavisen Friday.
Also read: Oil analyst: – When will the price much up
Oil Stocks continued up
Oil-related shares on the Oslo Stock Exchange rose also in the afternoon.
Having risen 7.2 per cent yesterday, let Statoil on new 3.1 percent to 118.40 kroner today.
DNO ended up 0.2 percent to 5.75 million – The Norwegian climbed 5.0 percent to 52.60 million.
Seadrill’s stock has in practice been reduced to an option.
The popping up over 17 percent yesterday, but withdrew down 5.3 percent to 18.40 kroner in today’s trading.
Otherwise, the oil went Subsea 7 back 0.4 percent to 51.50 kroner, while PGS fell 3.3 percent to 26.30 kroner .
Storebrand dividend?
Among heavyweights way we note that Storebrand climbed 10.3 percent to 35.05 million.
The company announced Thursday night on the implementation of several measures in Q4 as part of the long-term adaptation to Solvency II.
Overall expected that measures to strengthen the solvency of around 15 percentage points in the quarter.
JP Morgan Cazenove and Pareto Securities believes this supports Storebrand’s dividend capacity.
– While we and consensus estimate dividends in 2015 estimates, we recognize that the probability of a dividend is increased by the message, writes JP Morgan analysts according to TDN Finans.
Norwegian relieved
Norwegian eased 8.4 percent to 262.40 kroner after the subsidiary Arctic Aviation Assets (AAA) has put in place a “pre-delivery payment” (PDP) -finansering of 50 Airbus 320 Neo-fly.
– There is an agreement that runs for a longer period and covers all the planes we get from Airbus over the next four years. The length and scope makes this a milestone for us, says investor contact Tore Ostby TDN Finans.
He stressed that the agreement is one of the largest financing agreements it has signed.
– We now have good visibility both for investors and debt market, but not least for ourselves when we have this deal rolling. Thus, we do not negotiate aircraft for flight, says Østby further news agency.
Yara, Hydro saw red
Yara fell 2.0 percent to 327 kroner in profit warning after Having undertaken billion write-down.
Fertilizer giant write down assets worth a total of about 1,150 million in Q4 2015, of which approximately NOK 930 million is related to Yara’s production plant in Montoir (France) and Trinidad.
Analyst Hans Erik Jacobsen in Swedbank sees Reuters small drama in the notification.
– For Q4 guides the EBITDA of 3.5 billion. It was somewhat above our expectations at 3.4 billion, slightly below consensus, he said.
We note further that the Norwegian Hydro fell 2.6 percent to 28.68 million.
SEB reiterates its buy recommendation for the stock, but downward revision price target from 40 to 37 million.
Funcom to the bottom
Only three stocks rose more than mentioned Storebrand, two oil-related.
Fred. Olsen Energy tops winners with a rise of 12.4 percent to 34.40 million, while DOF gained 10.6 percent to 3.85 million.
Oslo Axess-listed Hugo Games climbed 10.6 percent to 5.03 million.
We also take that EMGS popping up 9.1 percent to 36 cents.
Among today tallfremleggere fell Scatec Solar finally 1.1 percent to 36.80 million, after strong growth in Q4.
Scatec Solar CEO Raymond Carlsen was today’s guest in Economy news with Trygve OBI on HegnarTV. Transmission can see the recording here.
In the top of the list of losers we find Fosnavag shipowner Rem Offshore, which fell 22.3 percent to 15 million – on thin volume.
Funcom fell even more, and plunged 24.4 percent to 1.64 kroner after having turned a small profit to a larger deficit in Q4.
However, what sunk stock Friday was the message about negative equity at the end of 2015, which has sparked plans for a rights issue of 10.5 million dollars.
Another four stocks fell double digit.
DNO’s main shareholder RAK Petroleum ended down 16.7 per cent to 6.45 million after rising over 30 yesterday, while Polarcus and Oslo Axess share MultiClient Geophysical pulled down respectively. 10.6 percent to 1.10 million and 10.0 percent to 45 cents.
Reach Subsea went back 17.8 percent to 1.48 million.
