Friday, May 20, 2016

The oil lubricates the exchange – salmon stock to the bottom – OBI Online

The arrows pointing up from the start on the Oslo Stock Exchange.

The main index is writing in 601.36, up 1.13 percent.

Shares and equity certificates are traded for 470 million.

The development occurs in wake of the decline on Wall Street yesterday and mostly recovery in Asia earlier today.

oil prices rise

Here at home get exchange support of rise in oil prices.

Oil prices are again supported by additional offers disruptions in Nigeria, where intruders blocked access to ExxonMobil export terminal Qua Iboe. Production in Libya affected Reuters also by internal conflicts.

The news agency also notes slate bankruptcies in the United States, the crisis in Venezuela – and the forest fires in Canada that still holds around one million father in daily production out of the market.

According to ANZ Bank amounting unexpected offer disturbances around the world (excluding the production decline in the US) to around 2.5 million barrels per day.

This erases largely out offers overhang that lowered oil prices by 70 percent from 2014 to early 2016.

– As long as these disturbances persist, the market will likely price in an increased risk premium on the supply side, enter the bank.

Brent July oil rises 0.7 percent to $ 49.13 a barrel, up from around $ 47.60 when the stock exchange closed yesterday.

WTI oil was up 0.9 percent to $ 48.58 a barrel.

oil Stocks in the swing

On the Oslo stock Exchange rises Statoil 1.7 percent to 135.30 kroner.

Otherwise the oil is DNO up 3.0 percent to 8.72 million, while the Norwegian put on 2.5 percent to 75.20 crowns.

in the oil corrects Seadrill and PGS up respectively. 3.0 percent to 27.31 kroner and 2.7 percent to 20,578 kroner after yesterday’s ugly bangs.

REC Silicon marks positively Friday and climb as far as 3.5 percent to 1.99 million.

Hydro, TGS, Aker Solutions, DNB, Orkla and Storebrand exceeds all between one and two percent.

Salmon share to the bottom

On the negative side we find BW LPG, falling 10.2 percent (4.77 million) to 41.79 crowns.

the company has presented quarterly figures this morning, but also goes ex-dividend of 0.68 USD (approximately 5 , 67 million), so that the stock actually is up.

Norway Royal salmon returns 8.1 percent to 102 kroner after the Food Safety Authority rejected the application for exemption for the production of triploid salmon. The company has announced that the refusal will be appealed.

NEL, with Øystein Stray Spetalen, returning 7.8 percent to 3.19 million.

Among heavyweights, we note Yara, falling 0.1 percent to 288.70 kroner. The company this morning notified acquisitions in Bulgaria

On top of the numbers

winners topped by Oslo Axess-listed NattoPharma, which pops up 22.5 percent to 9.00 million on quarterly figures.

Seadrill controlled Archer follows almost at plus 10.1 percent to 6.55 million.

Strong Point, EMGS, Kitron, incus and Investor Reach Subsea all rising between five and six percent .

Almost Norway Royal Salmon and NEL on the list of losers we find Intex Resources, dating back 4.9 percent to 58 cents.

Deep Sea Supply, also with John Fredriksen as owner, are minus 4.2 percent at 91 cents.

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