Oil Rally on the Oslo Stock Exchange – OBI Online

The main index on the Oslo Stock Exchange climbed today to 2.62 percent before ending at 564.66 points. It was traded shares for 3.7 billion.

Major companies such as DNB, Yara, Hydro and Telenor could point to a surge of respectively 2.33 percent, 2.65 percent, 4.19 percent and 2 , 82 percent.

during the last month, the Oslo stock Exchange put on 6.41 percent while the main index is down 7.47 percent so far this year.

Petroleum / Statoil

A barrel of oil sold for $ 35.22, up 4.76 percent.

According to Bloomberg News and TDN Finans due upturn statements from Russia Saturday that talks on freezing of oil production will be completed March 1.

Russia’s Energy Minister Alexander Novak told Russian state television on Saturday that Iran’s “constructive” to the preliminary agreement last week was signed to limit production, but the country has not yet said whether it will join the agreement.

– Although the agreement is made, it will hardly have any major impact on the balance in the oil market in the short term. They also suffer under the merciless weight of increasing store, says chief analyst at CMC Markets in Sydney, Ric Spooner, to Bloomberg News.

Statoil jumped entire 4.72 percent to 124.30 kroner.

Havfisk

Kjell Inge Røkke-dominated Havfisk a profit after tax of NOK 77 million in Q4 2015, compared with 167 million in the same period last year.

revenues amounted to 361 million, compared with NOK 314 million in Q4 2014.

Monday endorsed the stock at 29.70 million, up 6.07 percent.

Schibsted

Schibsted was punished by the quarterly figures on Friday, and several brokers react now to cut in estimates and price target, according to TDN Finans.

Société Générale jacks down the price target from 270 to 230 million, showing a higher level of investment than expected before the report, as well as lower guiding in Leboncoin.

Handelsbanken Capital Markets choose to cut price target from 255 to 233 million, but maintains its reduce recommendation.

SEB stands according to TDN Finans on its buy recommendation and operates with a price target of 304 million.

Monday climbed shares 4.54 percent to 241.90 kroner.

Next Biometrics

Next Biometrics Group posted a profit after tax of NOK 47,540,000 million in Q4 2015, compared with minus 33.39 million kroner in the same period last year before.

revenue amounted to 1.71 million kroner, compared with 4,380,000 million in Q4 2014.

the share gained 2.04 percent and ended at 100 kroner. On Monday morning the stock was as low as 83 million.

Vardia Insurance Group

Terje fineness resigns as CFO of Vardia Insurance Group and is being replaced by strategy director Bård Standal.

the stock fell 4.27 percent to 1.12 million.