The main index on the Oslo Stock Exchange at closing Wednesday down entire 4.71 percent to 518.05 points. It means the loss of share savers around the country.
– We should be concerned, we shall always be. But there is no reason to panic. Our view is that the economic conditions in the world is not that bad, says equity strategist at DNB Markets Kristian Tunaal.
Fall elsewhere also
Statoil will know on a special sharp drop with its decline of 7.20 percent. Several other companies also see the red numbers bright. DNB is down 4.16 percent. Telenor is also down 2.39 percent.
stock decline comes after oil prices continued to fall Wednesday and is now approaching the mid 20′s. A barrel of North Sea oil traded now for $ 27.66. There is a decline of 3.69 percent.
The US has also started with red figures on Wednesday. Nasdaq is currently down 2.4 percent and the Dow down 2.0 percent. Elsewhere in Europe and in Asia, there is a drop of over two percent for the major indexes.
Store reflected
Tunaal explains the tedious and unusual start on an exchange year with that money printing to the US Central Bank has stalled and that the Chinese economy will not rise as much as in recent years.
– There are many factors that coincide. Many of the factors that have helped the world economy and financial markets are starting to go a bit in reverse, says Tunaal.
Tuesday there was an upturn on the Oslo Stock Exchange, while we again see a sharp drop on Wednesday. Tunaal think this instability will continue for a small period of time.
– When we opened the year with such a major impact, it takes time before it stabilizes. But we believe that when one begins to look at the long-term conditions and future, so it will create more peace in the market and the effects of a turbulent news feed will lose yourself, says Tunaal.
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