Tragedy helped rally on the Oslo Stock Exchange – OBI Online

Oslo Stock Exchange rose steeply Friday. The main index ended up as much as 2.7 percent to 590.87, having faded in the closing auction.

Turnover was 4.6 billion.

Therefore rose Stock Exchange

the recovery can be attributed to higher oil prices, and tragically, a politician kills in the UK.

Wall Street turned up yesterday, while the stock markets in Asia experienced rising earlier Friday .

– the optimism is due to yesterday’s powerful recoil on Wall Street. Many investors are betting now that the past day downturn is over soon. We are, moreover, also the downturn so far in June is over big, given that it comes from fear (the fear that Britain opting out of the EU, and the fear of what a new increased the rates in the US would do with stock markets), wrote chief analyst Roger Berntsen in Netfonds this morning.

the turning point in the USA was the weakening of the pound was the strengthening, after a tweet from British Prime Minister David Cameron that all Brexit-election campaign has been suspended as a result of the murder of a Labour politician Jo Cox.

– It’s a tragic event. I must say that it might change the psychology of the election campaign. And those who are pro-EU can benefit from it, said Director Fariborz Moshiran at the Institute of Global Finance at UNSW Business School to CNBC.

Investors have long been nervous before next week’s EU referendum in UK. Will there be a “Brexit” can create earthquakes in financial markets.

Crude finally up

Oil prices rise for first time since season best 8 June.

Brent August oil are $ 48.58, up 3.0 percent in today’s trading and up from around $ 47.60 at closing in Oslo yesterday.

the American WTI- oil rises 2.7 percent to $ 47.36 a barrel.

Oil Stocks in shock

Statoil ended up entire 4.1 percent to 135.50 kroner while DNO were up 6.4 percent to 9.25 million.

Some stocks in the oil services sector made it even better. John Fredriksen’s Seadrill rig company jumped 14.3 percent to 29.06 million, while PGS rose 10.5 percent. TGS Nopec and Subsea 7 ended up five to six percent. Prosafe went 12.4 percent.

Bank Norwegian on a stock exchange

We will of course not excluding Bank Norwegian, today debuted on the Oslo Stock Exchange under the name Norwegian Finans Holding ASA and ticker NOFI

the stock was last traded at 78.75 million, while the closing price on the OTC market was 80.50 million Thursday. The stock fluctuated between 78 and 81.75 respectively.

Financial newspaper points out that the company was priced at NOK 14.4 billion after yesterday’s trading in the unregulated market, making the company the greatest-ever sixth largest trading – if we disregard DNB NOR merger in 2003 and the equity conversion of Gjensidige NOR year.

BW Offshore hops

BW Offshore rose 12.7 percent to 62 cents. Upstream writes according to TDN Finans that Petrobrás this week has held meetings with the four companies to submit a tender for delivery of FPSOs to Libra and Sepia fields.