Friday 24 July is perhaps the most boring day on the Oslo Stock Exchange so far this year. Turnover was anemic and including 6 interest rate adjustments were a total of 12 stock exchange releases.
The main index on the Oslo Stock Exchange fell 0.59 percent to 641.81 Friday and ending the week with a fall of 1.1 percent.
The index is still up 11.5 percent since January and 2.9 percent in the last 12 months. The last month’s rise of 0.4 percent.
Turnover was lackluster and was at 2.6 billion.
The trade was characterized by weak stock markets in Asia and in Europe, and pressure on oil prices.
In Europe fell all the main indices, with Stoxx 600 down 0.6 percent.
Oil prices under pressure
Brent was down 0.34 percent, and vaket just over 55 dollars a barrel when the exchange closed, while light crude was at $ 48.56.
After the market closed continued oil drop and half an hour after closing time was Brent down 1.5 percent to $ 54.44, while light crude was down 0.9 percent to $ 48.03.
And for those hoping for a speedy recovery to the reading to oil analyst Thina Saltvedt of Nordea be tough cost. She says the E24 we can get an oil downturn that will last longer and be more powerful than the 1986.
Morgan Stanley scares in a recent report by the same 1986 ghost. At that time, oil prices fell below 10 dollars a barrel!
In the US Thursday night and in Asia Friday morning pointed arrows down.
7 of the 10 most traded shares on the Oslo Stock Exchange fell .
Two of John Fredriksen’s darlings fell the most. Seadrill ended down 3 percent to 71.8 million, while Frontline fell 3.2 percent to 25.2 million. It was hardly a great consolation that Marine Harvest rose 0.1 percent to 100.3 million.
Statoil fell 2.1 percent to 134.3 million.
In addition to Marine Harvest was only Telenor and Yara of heavyweights that rose. Telenor ended up 0.5 percent to 181 million, while Yara rose 0.45 percent to 427.5 million.
New records for five shares
Bakkafrost rose 0 , 8 percent to a new all-time high of 240 million. Hoegh LNG rose 0.4 percent to a new all-time high of 130 million.
Bakkafrost is thus up 700 percent from the bottom, while Hoegh is up 261.1 percent from the bottom.
Seabird Exploration was today’s loser on the Oslo Stock Exchange, with a drop of 16.7 percent to a new all-time low of 5 cents. The stock has since dropped 99.99 percent from the peak.
Avocet Mining fell by gold price continued to fall to this year’s lowest at $ 1,079 Friday. The stock fell 4.1 percent to 47 cents and has thus fallen 98.12 percent from the peak.
Emas Group fell 10 percent to all-time low of 1.61 million. The stock has since fallen 73.9 percent from the peak.
Ocean Yield sniffed at all-time high of 69 million, up 156.5 percent from the bottom but joined up 0.4 percent to 68 respectively.
More bright spots
Nordic Semiconductor was not at record levels, but rose 3.8 percent to 56.55 million.
DNB Markets upgrade XXL from hold to buy. Course objective revised upwards from 90 to 100 million.
The stock rose 1.7 percent to 88.25 million.
Medistim were current winner, with a rise of 12 percent to 42 kroner, but it was not traded stocks for more than 1,811 million.
Serodus were current winner on Oslo Axess with a rise of 16.6 percent to 3.38 million.
On the dark side
management of Funcom Thursday sent a message declaring that the sale is not near turnover target. It is primarily due to low sales of the PC version. iOS version makes it better.
The stock fell a scant 20 percent Thursday and it continues to fall 4.7 percent to 1.21 kroner Friday.
It was rather not particularly fun in RomReal, which fell 23.4 percent to 1.8 million. The shares with the current taper on Oslo Axess.
PGS fell 2.2 percent to 38.09 kroner after DNB Markets today lowered the price target to 35 million.
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