The oil lowered Exchange – cheers share 18 per cent of good news – OBI Online

Oslo Stock Exchange fell in line with falling oil prices Friday.

The main index ended down 1.3 percent to 560.24. Week return was still at plus 5.3 percent.

So far this year the stock market fell 9.8 percent.

Turnover was 4.3 billion.

Crude down again

Oil prices fall sharply again.

Brent April oil is down 3.2 per cent to 33 , $ 18 a barrel, compared to around $ 35.40 a barrel when the Oslo stock Exchange closed Thursday.

The American WTI oil (spot), down 3.8 percent to $ 29.36 a barrel.
decline comes after oil inventories in the US rose 2.15 million barrels to a record volume of 504 million barrels during the week leading up to 12 February.

Meanwhile, rose stocks in Cushing, Oklahoma to record high 64.7 million barrels, compared with storage capacity of 73 million barrels.

– bearings continues to grow. Not only is there a downside risk to prices, but there are obvious limitations on the upside, says chief strategist Michael McCarthy in CMC Markets in Sydney to Bloomberg.

It is also worth noting that Saudi Arabia does not go with to cut production.

Statoil

index heavy Statoil tumbled 2.2 percent to 118.70 kroner in heavy trading; NOK 805 million.

Norwegian authorities have started feasibility studies to learn more about the 420 million crowns paid by Statoil for a non-existing research center in Angola.

Profit Rush

Schibsted a was punished with a price drop of 6.1 percent 231.40 kroner after disappointing quarterly results.

a number of other companies released figures during Friday. For all performance issues here

Fredriksen shipping retrieves billions

John Fredriksen bulkrederi Golden Ocean has completed its billion issue. The stock plunged 11 percent to 5,25kroner. The issue price was 5 million.

Telenor

Telenor fell 1.7 percent to 124.10 kroner after VimpelCom has acknowledged corruption and accepted a kjempebot for violations the US anti-corruption legislation.

About a third of Telenor Mobil’s roughly 3 million customers were affected by an error in the company’s mobile network Friday. The network was down or very unstable throughout the country for several hours.

Thin Film to the top

Thin Film Electronics tops winners, and climbed 18 per cent to 3.60 million after it became known that British Woodford Investment Management enters with 360 million in the company.

– Woodford Investment Management is one of Britain’s leading fund managers and fund founder has a history of identifying exciting opportunities, says CEO Davor Sutija in Thin Film Electronics in a message.

Arctic Securities is now taking up coverage of Thin Film Electronics. According to TDN Finans has resulted in a purchase recommendation and a price target of 6.3 million. Meanwhile, it is emphasized that there is a high risk in the stock.

There was traded Thin shares for the entire 127 million.

Spetalen folds

Aqualis tops the list of losers with minus 23.2 percent to 2.45 million after Øystein Stray Spetalen has sold most of its shares.