Oslo Stock Exchange has completed its best day since April 10. The main index ended up 1.37 percent to 628.58.
During the last week and month has thus exchange fell respectively 0.5 and 3.9 percent, while the 2015 return is at plus 8.8 percent.
The turnover ended at not too impressive 3.2 billion
Backdrop
Asian markets drew up Thursday led by a sharp rally in China after Chinese authorities now have refused large shareholders to sell shares in an attempt to halt the decline in the Chinese stock exchanges.
Investors dishes still look to Greece after the Greek government yesterday filed an application for a three-year loan facility from the European crisis fund ESM.
Greece is preparing a reform package worth 12 billion euros over the next two years to prevent the country from sliding into recession again after the hard negotiations with creditors.
Rally for oil prices
Oil prices rise markedly. The price of Brent crude is now $ 58.62 a barrel, representing an increase of 2.8 percent. At the close of trading Wednesday, the price was $ 57.55.
The US light crude traded for $ 52.69 a barrel, up 2.0 percent.
Statoil ended up 0.3 percent to 138 , 10 million.
Hydro rose on Alcoa count
Alcoa presented figures after the stock market Wednesday. The results came in slightly below analyst estimates, and CEO Klaus Kleinfeld said at the presentation that he expected that aluminum exports from China will decline during the year. Kleinfeld also stated that they expect 760,000 tons excess supply in the global market this year. This is 400,000 tonnes more than the company previously guided.
Analysis Manager Anne Gjøen Handelsbanken Capital Markets writes Reuters that Alcoa’s results in primary aluminum business was a positive surprise. She emphasizes that the price trend on the LME after the second quarter has been very weak.
She reiterates its buy recommendation on Hydro with price target of 46 dollars.
Alcoa competitor Norwegian Hydro climbed 1, 6 percent to 32.49 kroner.
Heavyweight up two to three percent
Several of the heavier papers strengthened it. Both Yara, Marine Harvest, Orkla, Gjensidige and Storebrand rose between two and three percent. Atea and Opera rose over four percent.
Fredriksen afoot
John Fredriksen’s Geveran Trading has purchased 79.4 million shares in Weifa. Geveran had no Weifa shares from before, but now owns five percent of the company.
Weifa rose 2.6 percent to 78 cents
Geveran Trading have also bought 881,422 shares in Vistin Pharma . Geveran now owns five percent of the company.
Vistin climbed 1.1 percent to 18.70 dollars.
Schibsted
Wednesday night announced Schibsted Media Group that they are teaming up with Distilled Media in the Irish online classifieds market. A share ended up 1.7 percent to 253 million.
Contextvision
Contextvision gets 683.000 euro to a research project. Along with its academic partner, Haute Ecole de Suisse occidentale SPECIALISEE, the company develop a new imaging technology in the areas of prostate and digital pathology.
The stock rose 3.4 percent to 24.60 dollars.
Oil Tiny on share
CEO Michael Binnion of Questerre Energy Corporation has purchased 161,037 shares in the company. The stock flew up 12.7 percent to 1.69 kroner.Ingen stocks did better on Thursday.
Despite the upturn is Questerre down 33 percent so far this year. The last year’s downturn of over 75 percent.
English with new route
English releases a new long-distance lines to the United States. Flights between Boston and London will start in 2016.
English starts were seven domestic routes between the Spanish mainland and Gran Canaria, Tenerife and Fuerteventura.
The stock ended up 2.1 percent to 319 50 million.
Prosafe rises
CI Investments lifts flag in Prosafe after funds managed by CI has passed 5-percent threshold. Flag message went the share price with the 5.1 percent to 26.80 dollars.
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