The main index of the Oslo Stock Exchange ended Monday at 611.99, after a decline of 0.31 percent.
Shares and equity certificates are sold for 3.241 million.
The main index is thus up 2.5 percent last month and 11.5 percent over the past year.
Wall Street has opened in red. Empire Manufacturing index surprised very positively, while industrial production disappointed in August.
The most influential European bourses also pulled down.
British FTSE 100 fell Monday 0.1 percent, the French CAC 40 0.3 percent, while the German DAX rose 0.1 percent.
China shock
Investors were earlier today caught off guard by disappointing numbers from China.
The growth in industrial production in August was at its weakest in nearly six years, while retail sales also came in weaker than expected.
– Growth in China is a of the key drivers of global economic growth and oil demand in general. It seems likely that the growth in demand does not keep pace with the growth in supply capacity, said chief analyst Ric Spooner at CMC Markets said.
In addition reigns voltage before Wednesday’s monetary policy meeting of the Federal Reserve.
– We expect that this will affect financial markets in the future, then it is obvious that the American central bank governor will ease some of the veil in relation to when the first clean termination comes, wrote analysis manager Roger Berntsen in its report Monday morning.
China disappointment is also reflected in the oil market.
October Brent oil falls 0.2 percent to $ 96.91 a barrel, while WTI oil was unchanged at $ 92.27 a barrel.
The Oslo Stock Exchange rose 0.6 percent to Statoil 177.40 million, while Iraq exposed DNO went back 1.8 percent to 19.73 kroner.
Seadrill smell
Among the heavyweights otherwise we note Seadrill, which pulled down 3.2 percent to 195 million at today’s highest volume.
Morgan Stanley worries for Seadrill’s dividend capacity as a result of an oil price under $ 100, slightly rig market and uncertainty around the deal with Rosneft.
According to TDN Finans takes megerhuset the price target from 48 to 39 U.S. dollars (approximately 249.60 million).
Finance newspaper wrote the commentator space Friday that falling oil prices and irritation of the EU and the USA over Rosneft-commitments makes it less popular to be a shareholder and creditor of the company.
PGS is like Seadrill also victim downgraded target. Danske Markets cut the stock to 74 million, but still recommend the purchase. PGS fell 3.4 percent to 41.75 kroner.
Rokke-deal
In general oil fell Aker Solutions 3.9 percent to 85, 35 million. The subsidiary Aker Oilfield Services has signed a 5-year contract with Petrobras for the ship “Aker Wayfarer.”
Ocean Yield will finance the rebuilding of the “Aker Wayfarer,” and will invest around 100 million dollars in the ship against the current bareboat charter expanded from September 2020 to September 2027.
Ocean Yield shares fell 1.4 percent to 43.50 kroner.
Subsea 7 ended in minus 1.8 percent to 90.90 million, while Prosafe pulled down 2.9 percent to 34.15 kroner.
Also note that REC Silicon fell 4.5 percent to 2, 90 million.
Bright spots among the most traded was Marine Harvest, which rose 1.7 percent to 87.10 million for acquisitions in Chile, while Storebrand and BW LPG pulled up respectively. 1.4 percent to 35.80 million and 1.9 percent to 85.15 kroner.
Double Spetalen-bang
Taper list is topped by Riulf Rustad company Zoncolan , which went back 39 percent to 1.28 million.
Nearest came Saga Tankers, Øystein Stray Spetalen ownership, with a fall of 11.1 percent to 1.60 million.
Another Spetalen investment, Nickel Mountain Group, pulled down 8.7 percent to 2.10 million, while Seadrill-controlled Sevan Drilling was minus 6.1 percent to 2, 14 million.
We also have another Seadrill company, Archer, fell 5.2 percent to 9.15 million.
Full gas for Myrseth rocket
At the other end we find Napatech, which jumped 24.6 percent to 42 million by the Investment Director Stig Myrseth have taken stock in Dovre portfolio.
Napatech was listed on the Oslo Stock Exchange in the spring.
– After a temporary pause in growth and price drops, we see significant upside in the stock if growth returns in the second half to lead guides, writes Myrseth.
Closest to follow Multi Client Geophysical, which rose 16.9 percent to 1.45 million.
Wentworth Resources ended up 12.2 percent to 4.86 million in gas deal from fields Mnazi Bay and Msimbati in Tanzania with Tanzania’s state oil company TPDC.
Myrseth said in January that Wenthworth could be the world’s cheapest shares and that the company would earn market capitalization his one year when gas agreement was in place.
Wentworth is up 9 percent in the last year, but still down 46 percent from the peak.
We also take that TTS Group drew up 10.4 percent to 4.69 million.
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