Price landslide on the Oslo Stock Exchange after closing Wednesday continued with dark development Thursday. The benchmark index ended down 1.79 today percent to 595.59.
On Thursday, the first time since late January / early February we have seen 500′s on Benchmark index.
Thus, the whole recovery over the past year consumed. The stock exchange is now showing a decline of 1.36 percent for the last twelve months. Since the peak intraday on April 15 this year, the drop of over 10 percent.
So far this year, however recovery of 3.39 percent, while the main index has fallen 8.24 per cent last month .
Downturn in the USA
Falling oil prices also reflected in USA from start Thursday. Uncertainty increases among investors, particularly speculation about what the Fed will do ahead gives unrest.
In addition, both jobless claims and leading indicators in weaker than expected in the afternoon.
Dow Jones down 1.35 percent, S & amp; P 500 falling 1.28 percent and the Nasdaq is down 1.76 percent.
Prisras oil
price of US light oil plunged 4.8 percent Wednesday from 43.12 to 41.04 US dollars a barrel. Thursday afternoon slump continued, after red numbers most of the day. By close of trading the price is $ 41.03, down 0.56 percent. Wednesday’s price was the lowest in six and a half years!
Brent oil now trades for $ 46.51 a barrel, down 1.38 percent.
When the Oslo Stock Exchange closed Wednesday was price for WTI oil $ 42.03, while Brent oil went for $ 48.45 a barrel.
The reason for the strong decline on Wednesday evening was primarily surprisingly weak oil inventory figures from the US
Statoil ended the day down 1.80 percent to 125.70 kroner.
Mixed fare from DNO
DNO delivered a weaker bottom line than expected, while EBITDA and earnings were higher than expected.
DNO announced a profit after tax of minus $ 39.9 million in Q2 2015 against $ 44.4 million in the same period last year. According to TDN Finans was expecting a profit of minus $ 36 million.
At the end of Q2 blamed the Kurdish regional government in northern Iraq (KRG) DNO $ 829,000,000 for former oil exports, as well as 118 million dollars for local sales. Overall, this amounts to 7.9 a billion kroner.
DNO rose today 3.32 percent to 7.64 million.
EMGS
EMGS reported a profit after tax of minus 26.0 million in Q2 2015 against a loss of $ 2.5 million in the same period last year.
Revenues amounted to $ 12.1 million, compared with $ 42.5 million in Q2 2014.
EMGS has entered into two new data licensing agreements with two oil companies. Contracts is $ 1.6 million.
EMGS ended down 8.40 percent to 1.09 million, after having been in all-time low of 90 cents earlier in the day.
Profit Rush
A number of companies have released figures during the morning, including Intex Resources, Contextvision, GC Rieber Shipping, Akva Group, Borgestad, Arendels Fossekompani, Siem Offshore, Olav Thon, Panoro Energy and Badger Explorer. Read all our income issues here.
Intex eventually fell 27.42 percent to 45 cents, for a moment to have topped the winners’ list in the morning. As with EMGS shares were down in all-time low today with 40 cents. Akva Group ended up 8.21 percent to 29 crowns on their numbers.
Farstad Shipping rose in turn 5.26 percent to 20 million, despite red numbers.
Aker stockpiling in Akastor
Aker ASA bought Wednesday six million shares in Akastor ASA at a price of 10.60 kroner. Posten cost thus 63.6 million kroner.
Akastor fell still 3.76 percent to 10.25 kroner.
Biotec is best
Biotec Pharmacon topped today winners with plus 34.50 percent to 11.50 kroner.
The background is a message that the company has signed a distribution agreement for Woulgan with British H & amp; R Healthcare.
It is stated that the agreement represents a milestone for our strategy to ensure regional business partners for Woulgan.
NattoPharma
NattoPharma says statement Thursday been selected as preferred supplier health education company Mercola.
That sent shares up 10.50 percent to 11.05 kroner.
All-time low
On a red trading day like this, it is not surprising that more shares were in all-time low.
Besides EMGS and Intex, moved Noreco, Polarcus, Archer, Vardia, Questerre, Panoro, Solstad Offshore and Kværner at record lows Thursday.
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