The main index on the Oslo Stock Exchange ended at 612.60, after a decrease of highly marginal 0.01 percent.
Shares and equity certificates were traded for 2,659 million .
The main index is thus down 5.7 per cent last month, but up 6.4 percent so far this year.
Wall Street opened down after Empire Manufacturing index came in at its weakest since 2009.
Leading European exchanges also looks red.
British FTSE 100 falling 0.6 percent, German DAX 1.2 percent, while French CAC 40 is down 0.4 percent.
ABG Sundal Colliers analyst Alexander Autumn was today’s guest in Economy news on HegnarTV.
OPEC even more gas?
WTI oil trading at the weakest levels in six years. Monday’s decline is one per cent to $ 42.75 a barrel.
Brent October oil rises in turn marginally to $ 49.21 a barrel.
Negative GDP growth in Japan, the world’s third largest oil consumer, does not contribute to godstemning.
World awash with oil, and OPEC is expected to additionally increase its production further from 32.1 million barrels per day in July, to an expected record production of 33 million. In addition, Iran also export more if sanctions against the country are lifted.
August report from the IEA, released last week, showed in Q2 supply growth that exceeded consumption by as much as three million barrels per day.
On the Oslo Stock Exchange fell 0.5 percent to Statoil 131.50 million.
Otherwise the oil we note DNO, which drew up 2.5 percent to 7.92 respectively.
After a downward adjustment of oil price expectations for 2015-2017 by 9-14 percent, DNB Markets jacked down the price target from 25 to 20 million, but the brokerage still sees a pretty upside.
Seadrill-bang, REC revenge
movements were mostly relatively small among OBX shares.
Seadrill excelled negative with a fall of 3.6 percent to 63.90 million.
Another John Fredriksen-investment, Marine Harvest, went back 1.4 percent to 102 kroner. PGS fell 1.7 percent to 36.35 million.
In the oil the way we note that Prosafe bounced up 9.4 percent to 22.20 million.
The company announced This morning on the first contract for Safe Notos. The contract sum over the firm period is estimated at $ 60 million, and the contract also included options for 4 x 1 month.
Prosafe also put forward quarterly, Friday.
Nor will we forget REC Silicon strove with an increase of 9.7 percent to 1.39 million, without company-specific news. Stock revenge themselves thus after falling to årsverste of 1.25 kroner Friday.
We also take that Frontline gained 7.3 percent to 22.10 million, while Evry rose 3.2 percent after notice of mass layoffs and cost hundreds of million.
Bankruptcy Candidate to the bottom
Four shares fell two digit Monday.
Oslo Axess-listed Badger Explorer tops the list of losers after a decline of 15.6 percent to 1.35 million.
Closest came Dolphin Group, Saturday discussed by Finance newspaper like a bankruptcy candidate, with a drop of 11.3 percent to 55 cents.
– A common feature for all companies that go bankrupt, is that they have debts. Companies without debt can not go bankrupt. Dolphin has the characteristics of a bankruptcy candidate, wrote the paper, and pointed out that s eismikkselskapet has run on while oil prices halved.
Moreover, DNB Markets razed price target for the stock.
Bergen Group and Bionor pulled down respectively. 11.2 per cent to 79 cent and 10.9 per cent to 1.56 million.
At the other end rose three shares more than mentioned REC Silicon.
These include Gaming Innovation Group, which rose 12.7 percent to 1.69 kroner after having signed a new contract for platform service iGamingCloud with an unnamed operator.
Another Oslo Axess share, African Petroleum, gained 12 , 5 percent to 27 cents.
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