Shortly after Monday’s trading began on the Oslo Stock Exchange main index stood at 580.17, up 0.14 percent.
Since then mostly pointed downward, and the main index fell to end 2, 4 percent to 565.45.
Oil price falls
A barrel of North Sea oil traded at close of trading for $ 54.06 – down 4 , 18 percent in today’s trading.
After two weeks sideways trend in oil prices, the price has now broken down.
– The short-term support level at $ 54 is broken and a new sell signal is triggered writes Geir Linløkken, research manager at Invest Tech, in an email to Hegnar.no Monday.
Read also: Looks higher oil prices than today
A number of oil stocks fell hard today. Seadrill ended down 6.21 percent to 83 crowns, Subsea 7 fell 4.53 percent to 73.75 kroner, DNO was down 5.49 percent to 15.31 dollars, while the Norwegian oil company fell 6.84 percent to 36.23 respectively.
Statoil
Gas Expert Narsi Ghorban think Statoil will make a comeback in Iran.
– Statoil and other companies just waiting for penalties shall repealed. Investors will return even if oil prices come down in 50 dollars a barrel, says CEO Narsi Ghorban the Iranian company Narkangan Gas to Liquid International Co. to DN.
Knut Rostad, spokesman for international operations in Statoil, rejects according newspaper that the company wants to move back to Iran.
Statoil eventually fell 3.15 percent to 126 million.
Where does the stock exchange this week?
“There are two levels that are important upcoming week,” wrote Hegnar.no in our technical analysis of the main index on the Oslo Stock Exchange Sunday.
Yara peaks refuses culpability
One by one declared Enger, Tor Holba, American Kendrick Taylor Wallace and French Daniel Clauw Roger himself innocent when the trial against them started Monday morning. All are accused of gross corruption linked to the fertilizer producer Yara’s operations in Libya and India at the end of the 2000s.
All four sat in corporate management when the offenses allegedly occurred.
While all according Økokrim has been involved and complicit in corruption in Libya, was Holba not involved in India, according to the indictment. Økokrim will include lead reports from executive management meets regularly as evidence that Libya- and India engagement were discussed.
Yara shares rose today 0.47 percent to 339.50 dollars.
Kongsberg Automotive
Kongsberg Automotive has signed an ATM contract for commercial vehicles. According to a stock exchange announcement agreement has a duration of five years and 990 million.
Deliveries will start in 2016 and 2017.
This week also chooses Investment Director Stig Myrseth Dovre Management to shuffle the portfolio. Kongsberg Automotive enters while Photocure disappear.
The share rose 1.70 percent to 5.98 million.
Kvaerner
weekend was it is known that Kvaerner company Kvaerner North American Construction receives 365 million after a settlement with Siemens Energy, Longview Power LLC and several other energy companies.
The reason for the settlement was strife between the companies in connection with several Bankruptcy cases linked Longview Power LLC.
Read also: – Do not sell Kvaerner share
Monday, the share was traded for 9, 37 million after an increase of 4.11 percent.
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