Greece lowered markets – HegnarOnline

On Sunday evening it became clear that 61 percent of the Greek people voted no to the proposed agreement with the EU.

Foreign exchange markets immediately sent the euro down against all key currencies and Asian stock markets fell sharply on Monday night.

Greece-no decreases exchanges
The main index Oslo Stock Exchange ended down 1.19 percent to 620.33 points, having traded between 619 and 624 points most of the day. Sales of securities was a mere 2.56 billion.

European bourses also fell. At closing on the Oslo Stock Exchange was dax indexes down 1.05 percent, FTSE100 was down 0.54 percent and CAC40 was down 1.44 percent.

The situation in Greece is not clear and reasonable chaotic:

• Tuesday night is the new summits between the EU and Greece. Germany’s economics minister Sigmar Gabriel advocates that humanitarian aid to crisis-hit Greece should be one of the topics at Tuesday’s summit.
• Greek banks are closed at least a couple of days, said banking sources. Banks were scheduled to reopen on Tuesday. Although services like PayPal and iTunes are inoperative due to capital control reports Frankfurter Allgemeine
• Greece’s chief negotiator Euclid Tsakalotos takes over for Yanis Varoufakis that country’s finance minister

See also: Grexit will blow over quickly

Iran and Greece lowers oil prices
Shortly after the opening of the Oslo Stock Exchange a barrel North Sea oil traded for 59, $ 77. By comparison, the price of oil $ 62.67 a barrel when the Oslo Stock Exchange closed Friday. At the closing price was $ 58.62 a barrel, representing a decrease of 2.80 percent intraday, and the lowest since mid-April.

They are burdened by Greece as well as a possible doubling of oil exports from Iran. According to the Wall Street Journal and TDN Finans says Iran’s view Oil Minister Mansour Moazami that the country’s oil exports could be doubled to 2.3 million barrels per day after the repeal of sanctions implemented.

– There is growing optimism about a nuclear deal with Iran, and the solution can get everything Tuesday, said oil analyst Bjarne Schieldrop in a market comment.

Statoil fell 1.45 percent to 136.00 kroner.

Despite several contract news, there were few stocks that managed to stand against the selling pressure. Among OBX – shares were the only F rontline, RCL, Marine Harvest and Orkla who delivered plus TSR Monday.

English flew 2.46 million passengers in June, up 7 percent compared with June 2014 . RPK (total traffic growth) increased by 11 percent, while ASK (capacity) increased by four porosent. Filling rate of 88 percent is new June record for Norwegian, and an increase of 5.5 percent compared to June 2014. The stock was up much of Monday, but ended unchanged at 324.00 dollars after selling pressure in the closing auction.

The government of Iraqi oil marketing company Somo has canceled twelve shipments from Ceyhan in Turkey totaling 8.4 million barrels of oil, because the Kurdish regional government in northern Iraq (KRG) has not transferred oil to Somo since June 16 . DNO fell 4.49 percent to 9.79 kroner. RAK Petroleum was down 2.70 percent to 10.80 dollars.

Veidekke has been commissioned to build new Øyra school in Volda. The contract price is reported to be 151 million. Despite the fact that contracts have ticked steadily in the construction company Veidekke shares ended down 2.25 percent to 87.00 dollars.

Songa Offshore announced operational uptime for fleet of 100 percent in June. The company took delivery of the Songa Equinox on 30 June 2015 and the rig is en route from Korea to Norway. The stock fell 2.67 percent to 1.46 dollars on a generally weak stock market.

Polarcus ‘seismic fleet had a fleet utilization of 61 percent in contract seismic in the second quarter of 2015. 19 percent were multi-client seismic. 16 percent of capacity was in transit, two percent were on shipyards, while two percent were “standby” in the quarter. The shares ended unchanged at 0.29 million.

Kongsberg Automotive has been awarded a contract worth 12 million euros, equivalent to 107 million Norwegian kroner, the powertrains in the B segment in China. The maturity is five years, and production takes place at KOAs plant in Wuxi in China starting second half of 2016. The stock fell 1.28 percent to 5.40 million.

EMGS presented fleet update for Q2. The utilization rate was 68 prosentm compared with 75 percent in the corresponding quarter last year. The company states that five percent of the fleet went on contract, while 63 percent was allocated to MC. Same period last year, the distribution was 38 and 37 percent. The price ended unchanged at 1.70 dollars, after thin turnover.

The technology Idex has partnered with Nok Nok Labs, which provides authentication solutions. Idex has also completed a private placement and in this connection they have issued a total of 3,150,000 new shares in the company, to Cenkos Securities Plc and Charles Street Securities Ltd. Idex share price ended up leaving down 2.97 percent to 6.54 kroner.

InterOil Exploration and Production. was traded ex reverse split. 10 old shares give 1 new from Monday. The rate fell four percent to 2.40 million.