The main index of the Oslo Stock Exchange ended at 610.09 on Monday after an increase of 0.65 percent.
Shares and equity certificates are traded 1,806 million.
The index is thus down 2.6 per cent last month, up 11.2 percent year to date.
In Europe, the German DAX and French CAC 40 up resp. 1.3 and 1.5 percent.
Mario spoke up exchanges
Investors hangs in the European Central Bank chief Mario Draghis speech at the annual central bank conference in Jackson Hole Friday .
– Stock markets in Europe will now be able to take advantage of Mario Draghis statements from Friday night, where he stated that euro weakness is necessary to speed to the European economy again wrote Netfonds in today’s morning report.
– This indicates the strength that the ECB will initiate quantitative easing (QE) sometime soon. That said, a weaker euro is not as positive for the Norwegian stock market, it was called on.
The upturn in Germany comes despite the confidence index IFO fall more than expected.
Oil prices slightly down
The price of oil is supported by geopolitical tension in Ukraine and Libya, but a generally well supplied market ensures reduction.
Analysts worry According to Reuters for ongoing fighting in Libya, and a fire destroyed the terminal at the airport in Tripoli.
– We expect Brent oil traded at a lower level through most of the 3rd quarter. unless we get a geopolitical escalation, writes analyst at Morgan Stanley, according to news agency in a note with analysis manager Adam Longson at the helm.
October Brent oil falls 0.1 percent to $ 102.21 a barrel, while WTI oil is down 0.4 percent to $ 93.24.
Opera -rally
the Oslo Stock Exchange climbed Statoil 0, 6 percent to 174.60 million, while Iraq exposed DNO rose marginally to 18.89 million.
Arctic Fund Director Albert Collett takes the latter from its recommended portfolio this week.
The effects were generally modest among the most traded shares.
Opera was one of the current exception, with a rise of 5.6 percent to 89.75 million – the current second highest volume.
The share must be said to be properly pushed by bright figures in Q2, which has been followed by an upward adjustment in the price target from both Morgan Stanley, DNB Markets and Nordea Markets.
The share has now risen nearly 20 percent in the past month.
Bakka Frost-bounding
We also highlight Bakka Frost, which ended in plus 4.7 percent to 134.50 kroner. The company is experiencing an influx of Russian buyers, as the Faroes are not covered by the ban.
We also found that Norwegian eased 2.7 percent to 203.50 million, while REC Silicon gained 2.2 percent to 3.28 million.
The losers were few among OBX shares, and Golden Ocean excelled most negative with a decrease of 1.6 percent to 10.95 kroner.
BW LPG and PGS also ended slightly down.
Songa Offshore pulled down 1.6 percent to 2.45 million after adding the quarterly figures this morning.
– The numbers were fine, but the focus is on the funding situation. In our eyes there is a need for more capital (equity) until delivery of all four Cat D rigs, says analyst Sondre Stormyr Danske Markets said.
These rose and fell most
Relatively rose no more than Oslo Axess-listed Cecon, which drew up 13.9 percent to 90 cents.
Eitzen Chemical were this morning paused for a rise of 43 percent, but the trade was resumed without exchange found something special. We recall that the company will present figures tomorrow.
The stock ended up 7.1 percent to 6.00 million.
PCI Biotech trend continued after Friday’s happy news, and new step 5 , 8 percent to 27.50 kroner.
At the other end pulled Oslo Axess-listed Serendex Pharmaceuticals down 10.5 percent to 8.00 million.
We also take that oil mosquito InterOil fell 7.6 percent to 85 cents, while Navamedic`s corrected down 6.6 percent to 12.75 kroner after Friday’s rally.
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