The main index on the Oslo Stock Exchange ended at 610.94 Thursday after rising by 0.66 percent.
Shares and equity certificates traded 2.924 million.
Wall Street opened up, in the wake of the largely encouraging macroeconomic data in the US.
Jobless claims fell more than expected, the PMI for the manufacturing sector rose more than expected and new housing sales fell less than expected.
Leading the European exchanges rises on the day the British will decide whether they are in the EU or not, although optimism was higher earlier today.
British FTSE 100 is up 0.5 percent, the German DAX 1.2 percent and French CAC 40 1.2 percent.
stock upturn in Europe comes despite the fact that today’s PMI figures came in on the disappointing side.
Optimism on B-day
But it all comes naturally in the background of today ‘Brexit »-avstemning.
the pound rose today to season best when GBPUSD was up to 1.4947. This afternoon the pound fell back, and the intersection is now 1.4809.
The latest polls show leadership to “Remain” campaign, and calms Reuters investors somewhat.
example dropped Evening Standard Thursday a test result conducted by Ipsos Mori shows 52/48 percent advantage “Remain.”
– You look at the markets and they expect a “Remain” -seier. That the pound is above 1.48 against the dollar today says it all, says currency strategist Alvin Tan in Societe Generale news agency.
Those who remember back to the polls during the British election last year know that they totally missed.
So how big reason is to allow themselves to soothe of measurements that show “Remain” -flertall, is a highly open question.
The equity strategists Paul Harper DNB Markets and Peter Hermanrud in Swedbank looks according to TDN Finans little upside for the stock market Friday if Britain votes to be in the EU.
Hermanrud think we already see a relief rally.
– Many have traded shares in anticipation of that it is “Remain” and we might see some profit taking in the course of tomorrow. In this respect, I am not very interested in going into buying stocks now, he said.
Oil prices rise
Optimism also shines through in the oil market.
Brent August oil rises Thursday 1.4 percent to $ 50.59, which is still down from around $ 51.10 a barrel as stock market closed yesterday.
WTI oil is up 1.3 percent to $ 49.78 a barrel.
– most market participants are positioned before “Brexit» -avstemningen or sitting on the fence to see the final outcome, said senior energy economist Hans van Cleef in ABN Amro said.
the rise comes despite a smaller inventories than expected in the US last week.
– There is a “no brainer”
the Oslo stock Exchange rose Statoil 1.3 percent to 141.10 kroner, after receiving drawings in its dividend issue for a total of 18,298,942 dividend shares.
This has reduced the dividend payment of around $ 292 million, equivalent to 2 , 4 billion.
Swedbank analyst Teodor Sveen Nilsen conducted before dividend payments to a survey that showed that 71 percent would choose stocks instead of regular dividends.
– It is surprising enough, and means that cash flows for Statoil becomes poorer, while the EPS dilution (EPS = earnings per share) will be lower than we had expected. I mean it’s a “no brainer” to take stocks to get five percent discount, so it’s a bit strange effect, he said.
SEB has also upgraded the stock from hold to buy.
Sunrise
Otherwise oil fell DNO 0.6 percent to 9.46 million for new payments from the regional Kurdish government (KRG), while the Norwegian ended up 1.2 per cent to 96 , 70 million.
most OBX shares are in positive territory, and REC Silicon excellent favorably with an increase of 6.4 percent to 1.50 million.
NEL Hydrogen step 3.5 percent to 2.07 million after an agreement to build a hydrogen fueling station in Mariestad in Sweden.
Frontline advanced 2.5 percent to 68.50 crowns, while both TGS and Norwegian gained in excess of 2.0 percent.
DNB rose one percent to 106.80 crowns, Yara 0.8 percent to 278 kroner, while Subsea 7 climbed 1.5 percent to 82.05 million in the wake of yesterday’s cuts messages .
Norwegian Hydro was among the few losers, and pulled down 0.6 percent to 31.80 kroner after SEB has downgraded the stock from buy to hold and cut price target.
Oil Trio top
in the top of the winners list, we find InterOil, which rose 13.1 percent to 2.42 million on an agreement with Agencia Nacional de Hidrocarburos (Colombian petroleum authorities, ANH) on the transfer of COR-6 exploration commitments on 22 million for Altair and LLA-4 licenses.
Among the nearest were two other oil stocks – duo Petrolia and North Energy marked with upturns respectively. 7.8 percent to 4.00 million and 7.7 percent to 1.40 million.
Taper list is topped sovereign of Songa Offshore, which fell 26.1 percent to 17 cents after completing the repair issue where 1418100000 new ordinary shares offer now is issued.
Oslo Axess-listed Hugo Games went back 10.8 percent to 2.24 million.
We also take that Odfjell and Kongsberg Gruppen pulled down respectively. 5.0 percent to 26.70 kroner and 5.6 percent to 118 million.
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