Wednesday, December 28, 2016

Oil prices drove the Oslo stock Exchange up – Dagens Næringsliv

Finance

the Oslo stock Exchange rose slightly Wednesday, led by Norsk Hydro and Statoil.

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The other european markets had a mixed development on Wednesday, where the materials sector pulled up while eiendomsaksjene burdened.

“Many investors still have christmas, and it leads to a low volume on the financial markets,” writes Nordea Markets.

Nordsjøolje was on Wednesday afternoon traded for around 56,4 per barrel, up from about 55,7 dollars a barrel when the Oslo stock Exchange closed Tuesday afternoon.

Peace. Olsen Energy shares ended down 13.2 per cent on Wednesday. In the period 1. December to 27. December rose Peace. Olsen Energy shares, however, about 170 percent.

analysis supervisor Frederik Lunde at Carnegie said to TDN Finans that there are no company specific news around Peace. Olsen Energy shares Wednesday, and he believes the current kursfall due gevinstsikring after that the stock has developed “knallsterkt” in December.

Peace. Olsen Energy shares were sold for 101 million on the Oslo stock Exchange on Wednesday.

Børsløft for Aker BP

Aker, BP reported on christmas eve about the start of production the Ivar Aasen-field in the north Sea.

DNB Markets, writes in an update on Wednesday that the since its inception, both the temporal and budgetary seems to have be in line with the previously communicated progress, this provides no immediate changes in meglerhusets estimates.

“the Confirmation takes, however, a risikoelement out of stock, and can together with the development in oil prices thus affecting the market’s valuation positively for the future”, write DNB Markets, has a kjøpsanbefaling at Aker BP with a price target of 155 nok per share.

Aker BP shares ended up 1.5 percent, sold for 37 million on the Oslo stock Exchange.

the main index on the Oslo stock Exchange ended the day up 0.29 per cent to 685,61 points, traded for 1.588 million.

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