The main index on the Oslo Stock Exchange ended up 0.96 percent to 615.11 points Monday. Sales of securities was 2.78 billion.
Oil prices fell Friday afternoon after missing news from Opec meeting, but climbs again Monday after the weekend has been signaled that exporters in the Middle East have raised prices for deliveries in July. Shortly before the close of trading on Monday burned oil traded at $ 50.74 a barrel, up 2.22 percent, while the US light crude at the same time was up 2.45 percent to $ 49.81 a barrel.
In comparison, a barrel of North Sea oil traded at $ 49.58 a barrel at the close of trading in Oslo on Friday.
Ali Majed Mansoori, Chairman of Abu Dhabi department of economic development, stated according to TDN Finans in an interview with Bloomberg TV at the weekend that he see a price corridor of 55-60 dollars per barrel as possible for the current year.
Statoil rose 2.81 percent to 135.40 kroner.
A number of oil and oil service stocks rose. Exchange’s energy index, OSLENX, ended up leaving up 2.70 percent. Havila Shipping led with an upturn in the entire 26.67 percent. Prosafe rose just over ten percent, while EMAS Offshore, Bergen Group, Spectrum, Noreco, PGS and Solstad Offshore was up between five and ten percent.
Traffic Figures
Norwegian fell 2.81 percent to 338.60 kroner after the company presented the traffic numbers.
Analysts point out load factor as one of the most positive with report writing TDN Finans. It was at 88.3 percent in May, up from 84.9 percent in the same month last year. Yield of 0.41 million, down from 0.42 million, referred while a little more disappointing.
“Although turnover was approximately 50 million under our assumptions, this can be explained by slightly lower production,” wrote Swedbank in an update.
contract in Egypt
Aker Solutions rose 1.74 percent to 29.20 kroner after notification of a contract for umbilicals to Zohr field offshore Egypt with value over one billion, there PETROBEL is principal.
the contract came a bit from the side, and is important for them when the factory in Moss had little work, says chief analyst Frederik Lunde at Carnegie TDN Finans Monday.
According to Carnegie corresponding to the contract value of more than six months revenues within its control cable business. They also see the possibility that the company will be awarded an MMO framework of the Norwegian Oil Company while there is the possibility for contracts related to Zidane and Njord fields in the future.
Belief in DNO
Bank of America Merrill Lynch has upgraded DNO from neutral to buy, reports Bloomberg according to TDN Finans.
Course goal is jacked up 37 percent to 12.60 crowns.
the brokerage shows according to news agency to that receiving $ 230 million for exports from Kurdish northern Iraq provides the potential for significant cash flow in 2016.
shares rose 4.58 percent on Monday to 9.25 million.
Weak dollar went commodities
A weaker dollar after Friday’s labor report went materials sector in the US Friday. Monday followed Norwegian Hydro after a rebound of 1.85 percent to 33 million.
Contract to exchange rocket
Havyard Design & amp; Solutions AS has signed an offshore contract to supply the design and equipment for the construction of a Havyard 832 multipurpose vessels.
The contract value is in excess of 100 million.
The share climbed 24.30 percent to 8.90 million. The last month has been the rise of the full 256 percent.
Myrseth-bet continues up
Game share Funcom continued upturn new 5.37 percent to 1.57 million. Friday the stock was near the top of the winners’ list with a rise of 25.21 percent.
The recovery comes after Dovre director Stig Myrseth has launched a stock as a speculative buy this summer.
Finnish agreement went up heading
Weifa has signed a five-year distribution agreement with Physio Line Group in Finland.
According to a stock exchange announcement it concerns several of Weifa recent launched products in pain category.
Weifa rose 3.09 percent to 1.00 million.
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