Think the bottom on the Oslo Stock Exchange can be reached – OBI Online

Broker Manager at ABG Sundal Collier, Gaute Owning think the bottom may have been reached on the Oslo Stock Exchange, writes Dagens Næringsliv.

– It is one week since Børsen bottomed out and is up six percent. Much of the reason is that oil prices turned at $ 28 and are now at $ 34. The big question now is whether we saw the bottom last week or whether this really is the beginning of a major downturn and should use the last little rise to disinvest, he said.

Broker chief says that it hurts that people lose money, but recalls that the Oslo Stock Exchange was 200 in 2009, and Nasdaq since then has been slow hymn.

– In October, it’s also a mini stool, but it had all forgotten when the Christmas party season started. We believe that we have put the worst behind us and that we are near a bottom in this correction, says Owning to DN.