Oslo Stock Exchange
Higher oil prices contribute to a positive opening.
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A rise in oil prices contributes to a positive opening on Oslo stock Exchange Wednesday. North Sea oil is traded around 80 cents higher per barrel than they did when the Oslo Stock Exchange closed Tuesday. This rise is partly based on more optimistic about possible agreement on freezing in oil production. Kuwait’s envoy to OPEC said among other things that an agreement will be achieved without Iran’s participation, writes Bloomberg News.
The oil company Statoil is up around one percent to 123.80 kroner.
The airline Norwegian Air Shuttle rises after the monthly traffic figures from the company showed an increase in passenger traffic (RPK) by 27 percent in March 2016 compared with the same period last year.
Overall transported company 2,195,037 passengers in the month, representing an increase of 27 percent from the same period a year earlier, while passenger load factor was 87.9 per cent (84.2).
Analyst Kenneth Sivertsen SEB reviewing the numbers as very strong .
– Compared with the figures for last year, the course is drawn up by the timing of Easter this year and pilot strike last year. In sum it is still incredibly strong out. Both estimates and the stock will, he says to TDN Finans.
Norwegian share is up 3.7 percent to 338.10 kroner.
The main index on the Oslo Stock Exchange is up 0.23 percent to 561.18 points.
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