the Oslo stock Exchange is about to leave behind a very strong December. So far, the main index up around four per cent. The return in 2016 has been at 12 per cent. Tuesday was the increase of 0.6 per cent to 683,65.
It was julestille on the stock exchange, with a turnover of only around 1.6 billion.
the price of oil rises again
the price of oil is rising after having fallen earlier in the day. The market is waiting on that countries in and outside OPEC to implement the joint agreement to limit production from this coming Sunday. Norway is not part of the agreement.
Brent oil February delivery is up 0.9 per cent to 56,40 per barrel, while the us lettoljen is up 1.0 per cent to 53,57 dollars.
Statoil ended up 0.5 per cent to 158,60 money. We notice that trade in the stock was very lackluster, only 123 million.
Archer the big winner
Archer was the big winner with an increase of 33 per cent to 13,90 money. The stock is thus up around 124 per cent in 2016. It has not come news from the company.
Rally in rig
A number of oil service and riggaksjer made it strong. For example, step Peace. Olsen Energy, Songa Offshore and Awilco Drilling between eight and 12 percent.
Farstad-jumps on the news
Farstad Shipping went 26.1 per cent to 4.40 million. The crisis-hit company lit Tuesday that the secured lenders have agreed on a formal get out, when im-agreement that runs until January 2017. It means that the company may have deferred the payment of all instalments and interest during the period.
the Golden Ocean
John Fredriksens bulkrederi Golden Ocean rose 5.6 per cent to 41,70 million.
According to a rundspørring among Norwegian investment firms carried out by TDN Finans, runs the Golden Ocean again as a of the shares they think could be one of the winners in 2017.
DNB Markets, recently chose to upgrade the stock to buy with a price target of 45 million, Pareto Securities has had a kjøpsanbefaling since October with price target of 5.0 dollars, the equivalent of 43,50 million shares, Danske Bank Markets has the stock as a top choice for 2017.
Peter Hermanrud said to HegnarTV before christmas that the stock goes on the chinese new year, and included, therefore, not the stock among its nyttårsraketter. He believes the stock will fall with the level of activity up against the chinese new year.
- But then you can buy it, he said.
Marine Harvest most traded
The most traded stock, Marine Harvest, rose 0.2 per cent to 156,90 money. The turnover was 130 million. The company announced Tuesday that it will cut the use of antibiotics by 70 per cent.
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