Oslo Stock Exchange followed the European stock markets higher Monday on hopes that it will come to an agreement between Greece and creditors in 12 hours.
– There were new proposals from Greece this morning which is a step in the right direction. There is a possibility for an agreement this week, and that’s what we work for, said euro chief Jeroen Dijsselbloem according to NTB Monday afternoon.
Dax index, CAC40 and Eurostoxx50 were all up more than three percent since the Oslo Stock Exchange closed near the day’s best Monday. The main index ended at 639.81 points, up 1.20 percent. Sales of securities was 3.4 billion Monday.
Brent oil was up 1.05 percent to $ 63.68 a barrel when trading began on the Oslo Stock Exchange, but fell back to $ 62.33 per barrel at closing, equivalent a decrease of 0.62 percent intraday. By comparison, burning oil traded at $ 63.17 a barrel at the close of trading on Friday.
The possibility that Iran will raise oil exports in an already oversupplied market weigh on price. Deadline for putting in place an Iranian nuclear deal that could mean an increase in exports is 30 June.
Statoil fell 0.63 percent to 142.90 kroner and weighed an otherwise blue Stock Exchange together with oil service shares Seadrill and Subsea fell respectively. 2.12 and 1.52 percent.
Heavyweight as Yara, Telenor, DNB, Norwegian Hydro and Marine Harvest was up between two and three points while Storebrand rose 3.82 percent.
Jan Haudemann-Andersen has been a major shareholder in NRC Group . Haudemann-Andersen Datum subscribed to 2,000,000 shares in a private placement. The price tag was NOK 27 per share. NRC has also announced the purchase of Litz Entreprenad AB and Elektrobyggnad Sweden AB which both operate in the railway sector. The settlement will be in cash and new shares. NRG Group rose 4.91 percent to 29.90 kroner.
Itera announced the sale of its Swedish subsidiary Itera Networks to Rg19. The price tag was 17 million Swedish kronor. The share price ended unchanged.
Noreco rose 0.61 percent to 32.80 dollars on news that the company has embarked on drilling of Haribo well in PL616 where Noreco owns 20 percent of the license.
Dolphin Group rose 6.55 percent to 1.79 dollars on notice of extension of Arbed in Australia. Along with TGS , which fell 0.93 percent to 191.00 kroner, Dolphin started a large 3D Sharp Broadband multi-client survey covering 15,000 square kilometers offshore Australia.
Danske Bank jacked down price target Atea as a result of the corruption case in Denmark can lead to a delayed demand from customers in the Danish public sector. The brokerage maintained buy recommendation, while the price target was cut to 95 million. Friday fell Atea share 15 percent after profit warning. Monday, the price of 5.15 percent to 71.50 kroner.
XXL set a new all-time high with a closing price of 92.75, while Kvaerner, Atlantic Petroleum and Nordic Nano Vector set new all-time-low.
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