Friday, January 20, 2017

A new record high on the Oslo stock Exchange – passing the 700 points – E24

the index has already a while snust on the symbolic border.

the main index on the Oslo stock Exchange passed just after 09:30 on Friday morning a historic milestone. In a short period of time the passed index, namely 700 points.

the Index is located at the time of writing just over on the 700,68 points, up to 0,26 per cent since the close of business on Thursday.

the main index was all the way up in the 699,39 points on Thursday, but ended on 698,78 points. Thanks to a rise in oil prices at less than 0.8 per cent and a strong drive in several major stocks, got the main index the buoyancy it needed to rise further.

Among the shares that contributed to the record on Friday, Statoil (up 0.31 per cent), Marine Harvest (up 0,45 percent), Aker BP (up to 0.25 per cent), BWLPG (3,60%) and Subsea 7 (up 3,73%).

the case continues below

 <p><b>RECORD:</b> Oslo Børs passed Friday morning 700 points.</p>

RECORD: the Oslo stock Exchange passed Friday morning 700 points.

In the slightly longer term got the Stock a solid boost through the fall of last year, in line with the jolt in oil prices and rising stock exchanges internationally.

chief strategist Peter Hermanrud in Swedbank pointed out before christmas that industries such as the Oslo stock Exchange has a lot of is just that which rises during the day, so the more cyclical shares.

– It is oil, – offshore, -commodity and shippingaksjer. The last few months, it has been very consistently that we have a cyclical upswing at the time. It is not because it is so very good, but the prospects are a little less bad than they have been. People begin to believe that it might go better one time or another, he said to E24.

oil lift

The rising price of oil, with help from, among other things oljekartellet Opecs produksjonskuttavtale, has contributed positively on oljetunge the Oslo stock Exchange.

From a bottom about a year ago at under 30 dollars a barrel, the oil price has risen to around 55 dollars per barrel.

It has turned a positive thing for the stock exchange’s largest company, Statoil, which has risen above 50 per cent last year and more than 17 per cent in the last three months.

Ojeserviceaksjene has risen, although the sector’s market capitalisation means less for the market than before oljepriskollapsen.

Locomotives in the swing

Also other børslokomotiver have contributed. Gjødselkjempen Yara is up almost 27 per cent on the three months, while DNB has risen 18 percent and Hydro is up 27 per cent.

But the heavyweights Telenor and Orkla has given negative contribution in this period, both with a fall of 3 per cent.

Sjømatsektoren, the big winner the last few years, has had a slightly more moderate development in the new year, something that is completely unnatural for that index that follows the sector can show to an increase of 470 per cent in the last five years.

Internationally, the mood was good in the us stock market, where the records have fallen the last few months and the Dow Jones index has snust on the milestone of 20,000 points.

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