Oslo Stock Exchange rose sharply and broadly Friday despite falling oil prices. Elsewhere in Europe the trend is unambiguously positive.
The main index ended at 606.06, up 1.8 percent.
Since New Year stock market fell 0.9 percent, while the return last month is at 1.5 percent.
turnover of four billion.
Crude falls back
Oil prices rose earlier in the day . At the highest standing in the Brent oil in the $ 49.39 close season best of $ 49.85 reached earlier in the week. Now falls in July contract 0.6 percent to $ 48.51.
WTI oil is down 0.5 percent to $ 48.43 a barrel.
Oil prices were supported by further deals disruptions in Nigeria, where intruders blocked access to ExxonMobil export terminal Qua Iboe. Production in Libya affected Reuters also by internal conflicts.
The news agency also notes slate bankruptcies in the United States, the crisis in Venezuela – and the forest fires in Canada that still holds around one million father in daily production out of the market.
oil Stocks in the swing
On the Oslo stock Exchange rose Index heavy Statoil 1.0 percent to 134.30 kroner.
Otherwise, the oil was DNO up 7.8 percent to 9.13 million, while the Norwegian gained 2.1 percent to 74.90 crowns.
Oljeservice corrected up
In oil corrected Seadrill and PGS up respectively 1.6 and 6.6 percent after yesterday’s ugly bangs.
Archer went 10.8 percent.
Subsea 7 gets’ mysterious “billion contract
Subsea 7 meldtre Friday about a major EPCI contract. How large it is or who is a principal will not be revealed, but the company defines a “major” contract as a contract worth more than $ 750 million.
The contract concerns the offshore missions in 2017 and 2018.
Two out of three analysts TDN Finans’ve talked to think the contract is related to Mad Dog project in the Gulf of Mexico.
– the announcement came a bit out of the blue. We believe we have reasonably good control of project of this magnitude, so this was mysterious, says analyst Kim André Uggedal in Fearnley Securities news agency.
The stock rose 3.6 percent to 76.75 crowns.
BW LPG down
On the negative side we find BW LPG, which fell 14.7 percent (6.83 million) to 39.73 crowns.
the company presented quarterly figures on Friday morning, but also went ex-dividend at $ 0.68 (approximately 5.67 million), so that the share in reality were not so sharply
salmon Stock was beaten
Norway Royal salmon went back 10.4 percent to 99.50 kroner after the Food Safety Authority rejected the application for exemption for the production of triploid salmon. The company has announced that the refusal will be appealed.
On top of the numbers
winners topped by Oslo Axess-listed NattoPharma, who jumped up 19.5 percent to 8.78 million on quarterly figures.
Marine Harvest most traded
Marine Harvest topped turnover list with 586 million. The stock was up 2.5 percent to 133.30 kroner, despite the fact that it went ex dividend of NOK 1.70 per share.
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