The main index on the Oslo Stock Exchange ended up 0.50 percent to 649.66 on Thursday. Thus continued recovery from the morning through the day.
Sales of securities rounded a 3.33 billion.
An overwhelming majority of the Greek National Assembly voted on Thursday for the agreement which forms the basis for a new loan program for Greece. The resolution sends European stock markets higher on Thursday morning.
Dax index rises Thursday afternoon 1.67 percent, while the CAC40 climbs 1.41 percent.
August contract for a barrel of North Sea oil was traded for $ 57.31 a barrel when trading began on the Oslo Stock Exchange, after rising by 0.33 percent.
Since then, the recovery strengthened, and at the close of trading on rising Brent oil with 0, 56 per cent to 57.44 per barrel.
When the Oslo Stock Exchange closed Wednesday, the price was $ 57.66 a barrel.
Statoil ended up 0.35 percent to 141.40 kroner. The commissioning of Statoil’s Åsgard project is delayed until late summer. The plan was that the plant should be fully operational in the first half. The oil company has also been joined by a fresh upgrade from Citi, where brokerage giant recommends purchases and believes the company can justify a share price of 160 kroner.
Profit Rush
A number of companies have presented quarterly figures Thursday morning.
CEO Sven Ombudstvedt Norwegian Forest report lower margins in a challenging market.
Norwegian Forest lost NOK 571 million after tax Q2 2015 against a loss of 148 million after tax for the same period one year ago. Meanwhile, net debt increased by 0.4 billion from the end of the first quarter of 2015 to 7.5 billion at the end of Q2. This is because according to the company seasonally high interest expenses and any unfavorable currency effects.
The stock plunged once again on quarterly and ended down 20.26 percent to 3.07 million. At most, the stock has been down 24.2 percent to 2.92 million, and Norwegian Forest topped the list of losers obvious.
REC Silicon announced its figures after the stock market Wednesday and rose today as much as NSG fell – 20.26 percent – to 1.92 million. Thus the stock was today’s big winner.
REC Silicon chief Tore Torvund leave in connection with the presentation of the quarterly report yesterday did not hide the fact that the company is suffering under the trade war between the US and China. The company provides weaker than expected across the board, and brought in additional 356.5 million dollars in a heavily oversubscribed private placement, where Jens Ulltveit Moe UMOE took 60 million shares.
Kvaerner reported a profit after tax of NOK 36 million in Q2 2015, down from 96 million in the same quarter last year. Earnings per share for continuing operations totaled 23 cents, which was halved from 46 cents in the same quarter last year. The stock fell today 1.25 percent to 4.75 million.
Kjos snogging with higher numbers than analysts had imagined over the line and delivered substantially better than the same krosvei year. The market sends English equities ended the day up 0.64 percent to 347.20 kroner. The stock was today in the new all-time high of 353 million, but ended unchanged on Tuesday.
The profit after tax of NOK 325 million in Q2 2015 against 128.3 million the same period one year ago. English looks good booking winter program. For long distance it also looks good going into 2016, says Kjos according to TDN Finans on the presentation.
Akastors earnings plunged nearly 40 percent compared with 2. quarter a year ago. Bottom line was a scarlet loss of NOK 298 million for Q2 2015. Nevertheless not as bad as last year’s Q2 where they lost 755 million. Marketplace responded today by sending the stock down 0.73 percent to 13.60 dollars.
Akastor also reports that the Kristian Røkke will take over as CEO after Frank Reite , which goes on to Aker as CFO.
Aker Philadelphia Shipyard presented both quarterly and new name: Philly Shipyard. The company posted a profit after tax of $ 1.9 million for Q2 2015 against $ 1.5 million the same period last year. Quarterly dividend was set at $ 0.25 per share. AKPS shares ended today flat at 159 million.
ABG Sundal Collier report increased profitability. Operating margin was 29 percent in Q2 2015 compared to 23 percent at the same crossroads last year. Profit after tax of NOK 78 million in Q2 2014, up from 52 million in the same quarter a year ago. The shares ended up 1.13 percent to 7.13 million
Havfisk rose 0.79 percent to end at 25.50 dollars on the message that capture revenue per operating day which is 47 percent higher in the second quarter of 2015 compared to the same period in 2014. Net income in Q2 2015 ended at NOK 29 million, up from -3 million in the same quarter last year.
Kitron rose today 8.42 percent to 3.09 kroner. Kitron announced this afternoon for a profit after tax of NOK 13.3 million in Q2 2015 compared to 3.9 million in the same period last year.
John Fredriksen farming company Marine Harvest has made an update on the harvest to market.
Livestock Company, which rose 3.64 percent to 99.55 dollars, also stated that the operational EBIT was around 700 million in the quarter, against 1.220 million in Q2 last year.
Subsea 7 enlightened today that they have signed a global alliance with Houston-based company KBR and its subsidiary Gran Herne. The cooperation will take place on project-by-project basis. Shares rose 0.07 percent to 73.05 dollars.
Late Wednesday night announced Transocean that they have signed a contract valued at nine million and two jack-up rigs laid up. Midwater rig “Sedco 704″ has been extended contract for 40 days in the UK North Sea. The day rate for the extension is $ 219,000, compared to $ 376,000 for the moment. Seadrill distinguished himself as one of the most traded stocks that fell heaviest on the exchange, except Norwegian Forest and ended down 2.29 percent to 78.95 dollars.
Strong salmon
In a sector analysis maintains Norne Securities buy recommendation on all salmon stocks.
Course objective raised for two shares.
Bakkafrost goes from 210 to 270 kroner, while Lerøy Seafood goes from 300 to 330 million.
Norne Securities also recommend Salmar, Grieg Seafood, Norway Royal Salmon and Marine Harvest.
The sector rose broadly throughout Thursday and Bakkafrost ended the new all-time high with an upturn of 0.63 percent to 238.50 kroner.
We take otherwise to us that Telenor also rose to all-time high, with a closing price of 183 , 80 million, up 0.77 percent.
At the peak of the stock up to 184.40 million.
No comments:
Post a Comment