On Friday, the main index on the Oslo Stock Exchange on themselves 0.56 percent before ending at 615.71. It was traded shares for 5.5 billion.
During the past week, the Oslo Stock Exchange put on 3.20 percent while the main index is up 6.89 percent so far this year.
US report
Investors waited long in the excitement of labor report from the US, many characterized the month’s key.
Conclusion shows that were created 257,000 new jobs outside the agricultural sector in the US in January. Economists were expecting an average that was created 234,000 new jobs outside agriculture sector.
There were 11 consecutive month with an increase of over 200,000, the longest period of expansion since 1994.
Oil prices further up
A barrel of North Sea oil traded now for $ 58.07 a barrel, up 2.65 percent. The conflict in Libya and an expected increase in oil demand after yesterday easing by the central bank in China contributes to increased oil prices.
– We see the signs of a healthier physical demand in the short term, writes National Australia Bank analyst Vyanne Lai according news agency in a note.
An increasing number of OPEC delegates nevertheless expects no rapid recovery in oil prices, despite the fact that the market is showing signs of a tentative rally. Saudi Arabia chose Thursday night to cut their monthly oil prices for Asian buyers to the lowest level in the entire 12 years.
The move is seen as an attempt to maintain market share by offering competitive prices and forcing manufacturers higher costs to curb supply.
Statoil
Today’s big event here at home was quarterly from Statoil, which showed a better topline than expected, but large impairments who went bottom line sharply negative.
– That said, the dividend policy, which is an important parameter in relation to the share price is maintained. Given the current situation of low oil prices and the maintenance of dividends, will require further cost reductions for the company’s credit rating will not be downgraded, beating chief analyst Roger Berntsen Netfonds stuck in Friday morning report.
Swedbank analyst Teodor Sveen Nilsen characterizes earnings mixed and seem stock is expensive at current levels.
– We will most likely look at our buy recommendation, he writes in an update.
The share climbed 2.15 percent to 142.60 million.
DNB
Exane BNP Paribas react to yesterday’s quarterly report to downgrade DNB from “outperform” to neutral, while the price target maintained at 125 kroner. According TDN Finans pointing brokerage continued uncertainty and lack of visibility in effect fall of oil prices on the Norwegian economy.
SEB container on its side buy recommendation and raises the price target from 121 million to 138 million.
Friday joined DNB at 120.50 million after an increase of 2.64 percent.
PCI Biotech
PCI Biotech has successfully completed the second test dose of Amphinex who should treat patients with unresectable bile duct cancer. This emerges from a notice Friday.
No safety concerns were observed at this dose level, and expert committee recommends that the study continues. Efforts to find patients for the next dose testing in progress.
The share jumped entire 40.91 percent to 15.50 kroner on Oslo Axess.
SAS
SAS transported 1,763 million passengers (scheduled traffic) in January 2015, up 0.9 percent compared to the same month last year.
The total passenger traffic (RPK) fell 1.4 percent to 1.927 million passengers while the total capacity (ASK) fell 3.5 percent to 2.869 million passengers.
The load factor rose 1.4 percentage points to 67.2 percent, it goes forward by a notice Friday. English reported earlier this week about a load factor of 80 percent in January.
SAS gained 4.58 percent and ended at 16 million.
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