Oslo Stock Exchange opened up Thursday morning, but turned down quickly. At the lowest was the main index fell to 608, while closing price sounds at 611.36, down 0.84 percent.
So far this year, the stock exchange soared 6.1 percent, while the return last week of minus 1 0 percent.
Revenue totaled 4.7 billion.
Oil price jumps
Brent oil rises 2.6 percent to 58 , $ 96 a barrel, after having been up for $ 59.78 earlier today.
For comparison, a barrel of North Sea oil traded for $ 55.71 a barrel at the end of trading on Wednesday.
Saudi Arabia’s ambassador to the US, Adel Jubair, said in Washington on Wednesday night that King Salman ordered airstrikes against Houthi forces positions, after Yemeni President Abdurabuh Mansur Hadi had requested this, writes Bloomberg News.
The Saudi offensive leads to market again draws attention to unrest in the Middle East, and thus the risk of disruptions in the world’s largest oil-producing region.
– Yemen is no significant oil producer, but the country is geographically and politically in a very important part of the Middle East, says chief strategist at CMC Markets in Sydney, Ric Spooner, news agency.
– This is the situation in Yemen that pulls (oil price up). Now is it heading down again, so it can probably look as if it has been an overreaction. There is no oil “at risk” here, predicts Torbjorn Kjus, oil analyst at DNB Markets, against Reuters.
Oil heating on the exchange
companies in the oil sector was good mood, although recovery dwindled towards the end of the day. Index Heavy Statoil gained 1.1 percent to 142.90 dollars.
Seadrill ended up 1.7 percent, Subsea 7 climbed 0.2 percent, while PGS was up 2.7 percent. Aker Solutions showed an increase of 2.1 percent.
Salmon
SEB downgrade Marine Harvest to hold from buy, and cut price target from 106 to 99 million. Marine Harvest fell 2.3 percent to 91.20 kroner in heavy trade; 432 million.
But the brokerage adjusted the price target to Bakkafrost, Salmar and Leroy Seafood. Bakkafrost downgraded simultaneously from buying to hold.
RCCL
Cruise company RCCL fell 2.9 percent on the unrest in the Middle East. Deutsche Bank cuts price target from 97 to 95 dollars, but repeat purchases, Reuters.
Top Boss goes by
Blom shares slid in opening trade after news that CEO since 2004 Dirk Blaauw, is leaving the company. The stock ended down 7.2 percent to 11 million. Volumes were small.
Nils Karbo, Man. Director of the subsidiary Blom Geomatics AS, is from this date as acting CEO. Director of the company.
It is reported Thursday that Blaauw uses its option which gives him 10 percent of the shares in Blom majority, URBEX.
Polarcus summon bondholders
Polarcus has summoned meeting of bondholders. The reason is a recognition of changes in the agreement around the convertible bond (ISIN NO 001 0607435) at $ 125 million.
The share ended down 2.7 percent to 0.36 million.
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