While exchanges in Europe and the US set up the start of the week was the Oslo Stock Exchange lagged behind, burdened by continued weak outlook for oil prices.
At closing the main index down 0.17 percent to 635.2 points.
Among heavyweights came the biggest negative contribution from Statoil, which fell 1.7 percent.
Also other oil related stocks had a weak day. Seadrill tumbled 2.3 percent and the index which follows the most traded oil shares was down 2 percent.
In Europe, collecting index Stoxx Europe 600 up 0.4 percent, while the broad US S & amp; P 500 index opened up 1 percent.
Opera rebounded
The share of browser company Opera, which plunged from the start, picked up through the day and ended down 1.8 percent.
In early trading the stock was down as much as 10 percent after the browser company profit warning on Friday evening. In addition, it was sent out notice of acquisitions and indicated that any acquisition interest in Opera.
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Among those who are adverse to the Opera is Danske Bank Markets, which downgrades recommendation.
– We are disappointed the second profit warning in six months, and we find the timing for profit warning and the Board’s review of strategic alternatives strange, writes brokerage in a share comment.
– Connected with credibility problems after the first interim report in 2015, we believe the market will focus on the profit warning. We have cut the estimates significantly, and downgrade our recommendation to sell, new price target 40 million, continues Danske Markets.
For 2015 now expects Opera revenues of around 600 million to 618 million dollars, down from the previous guidance of 630 $ -650 000 000.
According to estimates from SME Direkt expected analysts on average revenue of $ 642 million.
Meanwhile, it is expected an adjusted earnings before depreciation and amortization (EBITDA) 108 to 118 million dollars for the current year, compared with previous guidance of 130-140 million dollars.
The lowered expectations due according Opera weaker than expected in mobile advertising.
Barber oil forecasts
The price of Brent Blend rose through the day, to $ 49.2 per barrel, but is still close to its lowest level since January this year after oil prices have made another dive down in the summer.
A persistent excess oil and concern over the consequences of a growth brake in China’s economy, are among the factors that have contributed to oil prices again fell below 50 dollars a barrel recently.
DNB Markets and oil analyst Torbjorn Kjus cut sharply in oil price forecasting and launching simultaneously a scenario for a “new normal” in the oil market.
It appears in a recent market report on Monday where Kjus states that “oil party is over.”
For the second half of 2015 cuts brokerage estimate of burned oil prices to 58 dollars per barrel from the forecast of $ 74 given in January.
The brokerage also cut the estimate for the next two years.
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