The main index on the Oslo Stock Exchange opened up Tuesday but lost piffen already after fifteen minutes.
News reversed, however, luck again throughout the day, and main index ended up 0.76 percent to 644.04 points and turnover of securities an reached 3.359 million.
The stock exchanges in other European countries is mixed. DAX indices fall 0.17 percent, CAC40 is up 0.42 percent and FTSE100 down 0.05 percent.
Greece has not paid
Greece has for the second time in two weeks failed to pay installments on the loan the country has received from the International Monetary Fund (IMF), despite the agreement reached with lenders Monday.
Seeing opportunities in Iran
The agreement on Iran’s nuclear program is good news for the Norwegian supplier industry, believes the industry itself, who believe Norwegian companies have solid opportunities to establish themselves in the oil-rich country.
– This is good news, says communications director Tommy Hansen in Norwegian oil and gas NTB after Iran and major powers Tuesday agreed a deal on Tehran’s nuclear program.
– Iran is a large market, which require both technology and expertise after years of sanctions. Here Norwegian companies an opportunity, says Hansen.
Speaker of the US Congress, John Boehner, believes that Iran agreement is unacceptable.
– If the deal is as bad as I think, we will try to stop it, he said according to Bloomberg.
Brent oil at close of trading down 0.26 percent to $ 58.00 a barrel. By comparison, the price $ 57.12 when the stock exchange closed Monday.
Statoil ended today up 3.45 percent to 140.90 kroner.
stony Chinaman acted large in Seadrill
Wealthy Fountain Holdings, a wholly owned subsidiary of Tong Jinquan purchased Monday 1.9 million shares in Seadrill at a price of $ 9.68 per share, corresponding to 78.6 million.
After the purchase Wealthy Fountain Holdings 26,295,051 shares in Seadrill, equivalent to approximately 5,333 percent of the company, it appears from a stock exchange release on Tuesday.
Including Jinquan privately owned shares and stock holdings in Skyline Horizon Consortium and Starray Global Ltd. which is wholly owned by Jinquan, owner Tong Jinquang 7,315,386 Seadrill shares. This corresponds to a total of 7.187 percent of the company.
The stock ended the day up 8.76 percent whole to 83.20 million, and was with the current big wins.
Isolated rose only Idex more, with an upswing of 10.01 percent to 7.47 cents. The trade was limited.
Quarterly
Overall had Gjensidige Group posted a profit after tax in Q2 1195.2 million, down from 1,304.8 million in the same quarter last year. Here it was, according to TDN Finans average expected 963 million kroner. Earnings per share totaled 2.39 million, down from 2.61 million in the same quarter last year.
Bank of America Merrill Lynch waited according TDN Gjensidige up two to three percent on the figures, like Credit Suisse. JP Morgan expected stock up two percent. The answer today was an increase of 0.39 percent to 129 kroner.
The operating profit was about as expected for Entra , but financial records blew up the bottom line. The property company reported a profit after tax for Q2 of NOK 506 million, compared with 245 million the same quarter of 2014. According to estimates obtained by the SME Direkt for TDN Finans was expecting a net profit of 251 million. Unrealised changes in value during the financial records blowing Entra figures. In Q2 2014, this amount is 157 million dollars, while in this year’s Q2 344 million.
The rental income was like-for-like up 2.2 percent compared with the same period in 2014 . The stock ended the day down 1.00 percent to 74.00 dollars.
Hydro expects ICMS-conclusion
Hydro reports that they expect speedy conclusion of the dialogue on ICMS -postponement. Existing ICMS-deferral on intra-state purchases in the state of Pará in Brazil reassessed mid-July, and Hydro and government of Pará has a time been in dialogue about the conditions for a new ICMS framework, the company said.
A decree enters into force after publication, which is expected shortly. Norwegian Hydro was today down 2.52 percent to 31.74 dollars.
Disclosure
9. July bought FVP Master Fund 200,223 SHARES in Awilco Drilling , and passed thus 13.02 percent stake. Indirectly FVP 3,909,541 voting shares.
The stock climbed Tuesday 1.79 percent to 45.40 dollars.
Hofseth-bot
FSA has according to a recent notice issued decisions that Hofseth Biocare ASA will receive a fine of 160,000 kroner.
The reason for the charge is the company’s delayed financial reporting in the annual report for 2014.
The stock fell today 2.63 percent to 3.70 million.
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