Oslo Stock Exchange opened up after a good day on the stock exchanges in New York Wednesday and recovery in Japan and China on Thursday. Reinforced believe that the European Central Bank (ECB) will come with new tililtak monetary policy contributed to the recovery.
But during the afternoon turned the market. The benchmark index ended down 0.6 percent to 604.72.
Turnover was 3.4 billion.
So far this year, the stock has risen 10.2 percent.
Norwegian CEO Bjørn Kjos today’s guest in Economy News Trygve OBI. Watch the broadcast here
Light oil
Oil prices remain relatively weak. North Sea oil is now trading for $ 96.88, down 0.1 percent, while light oil in New York is down 0.3 percent to $ 92.67.
– Sell Statoil
Statoil fell 2.3 percent to 173 million. Carnegie has downgraded the stock from hold to sell. Course objective is cut from 180 to 160 million. The reason for the cuts should be lower oil prices.
Carnegie cuts, according to Reuters estimates for oil prices to $ 100 per barrel in 2015 compared to the previous 110, and thinks the trend will continue in 2016 and Brent crude averaging is $ 97 per barrel.
DNO turned down
DNO opened up the message that Swedbank according TDN Finans recommend buying the stock, but ended down 0.9 percent to 19, 56 million.
“Over the past months we have seen a positive trend that does not appear in the price of DNO., in our view, the new government (in Iraq), intensified efforts to combat IS and comments about export payments provide less risk (de-risk) to invest in DNO “said Swedbank.
Sad day for TGS
TGS fell 3.2 percent to 155 million by the Carnegie according TDN Finans has downgraded the stock from hold to sell.
Analysis lifted Telenor
Telenor was up 0.6 percent to 142.90 million by that Citi has raised the price target from 140 to 155 million.
REC Silicon
REC Silicon fell 7.6 percent to 2.55 million after HSBC downgraded the stock from Overweight to Neutral and lowered the price target from 4.5 to 3.25 million.
According to TDN Finans see HSBC increasing volume risk for REC due handelsuenighetene between China and the United States. China is the largest end market for the Norwegian company.
The big winner
Nio Inc’s branch in Malta, Candid Gaming Ltd., has signed a software license agreement with Net Entertainment , the world’s biggest online gaming to the gaming industry.
The Company reviews the agreement as an important milestone in the company’s gaming initiative.
The stock rose 34 per cent to 71 cents. Turnover was 7.5 million.
Seabird corrected up
Seabird Exploration climbed 2.3 percent to 90 cents on low turnover, after the stock has set a new all-time low for several days in a row.
Kongsberg Gruppen up to order
Kongsberg Gruppen said that so far this year received orders 460 million for the F-35 Joint Strike Fighter program. The new agreements include contracts with Marvin Engineering for 140 million for the supply of Air-to-Air Weapons Pylons.
The stock rose 1.7 percent to 147.50 kroner.
Flex LNG up
Flex LNG, where John Fredriksen’s Geveran Trading Thursday acquired a 32.02 per cent, while 1.9 per cent to 7.90 million.
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