Oslo Stock Exchange ended up Tuesday. The main index rose 0.45 percent to 594.86, while turnover was 3.5 billion.
The stock exchange was backed by rising oil prices and earnings reports from home and abroad. Among heavyweights BP has released figures.
– It’s a little calm before the storm on the Oslo Stock Exchange. Tomorrow comes a whole flock of quarterly figures, says chief broker Marius Aaserud in Handelsbanken Capital Markets to TDN Finans. Among the companies that will be in action are Statoil, Telenor and Norsk Hydro.
Crude above $ 45 again
Brent oil rises 2.2 percent to 45 , USD 28 per barrel, while the US WTI oil is up 2.0 percent to $ 43.53 a barrel.
In comparison, a barrel of North Sea oil traded at $ 45.01 a barrel at the close of trading Monday.
the oil price was according to the Wall Street Journal and TDN Finans reduced by up to one dollar on Monday after Genscape in his weekly check reported that oil stocks in the US stock market hub Cushing had risen by about 1.5 million barrels.
Meanwhile, the pace of Iran’s and Libya’s escalation of oil exports remains a source of uncertainty in the market and could affect the pace of rebalancing.
Statoil was long negative but ended up 0.4 percent to 136 , 50 million.
Next rally
Next Biometrics rose new 15.4 percent to 157 million, after rising 7.9 percent Monday. Turnover entire 158 million, spread over 4417 trades.
The reason for the increase is that the company has announced its first order of smart card-compatible sensors. Who the customer is, is temporarily held secret.
– We have been doing this for many years, so this day is May 17th and Christmas Eve for us. Our long-term goal has always been to create flexible sensors, CEO of Next Biometrics, Tore Etholm-Idsøe, TDN Finans.
According to the CEO, the company started getting up production to tens of millions of units per year .
Next Biometrics’ partner Innolux takes the lion’s share of the cost of new equipment for production of smart card-compatible sensors, according to TDN Finans.
the share was this week included Dovre Management and Stig Myrseth weekly portfolio.
– the industry is very “hot” abroad and nEXT may very well be the stock exchange next Opticom, beating investment director Myrseth fixed.
the stock is up 231 percent over the past year, and 45 percent so far this year.
restructuring reach Subsea
reach Subsea is now focusing on comprehensive restructuring and Solstad Offshore and Rederi ‘now enters as shareholders in the company.
Reach Subsea climbed 20.1 percent to 1.79 million. Turnover in the stock was in a skimpy million.
Profit Rush
A number of companies presented its first quarterly Tuesday morning.
Among these we find Tomra, which exceeded analysts’ expectations. The stock ended up 5.1 percent to 93.25 kroner. Moreover, it went ex dividend NOK 1.75.
– All in all this was a good report. The orders were for “all time high” in the quarter and the trend was significantly better than what I had expected, said analyst Jon Hyltner Handelsbanken said.
The company’s chief executive was guest in Economy News with Trygve OBI. The recording will be placed on our television pages.
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