Oil lowered Exchange – OBI Online

Oil prices pulled Oslo Stock Exchange down 1.07 percent to 618.56 points Monday. It was traded securities of 2.2 billion.

75 stocks rose, 88 fell and 67 were unchanged.

Elsewhere in Europe there were mixed mood after several European companies presented quarterly, and the German IFO index also came in better than expected.

Dax and CAC40 were up respectively. 0.3 and 0.1 percent when the Oslo Stock Exchange closed, while the FTSE100 at the same time was down 0.2 percent.

Crude

-Tilbudsforstyrrelser and risk appetite contributed positively to oil prices from April to June, but in future will supply surplus return and help to push the market back to tape between 30 and 50 dollars a barrel, writes Morgan Stanley according to TDN Finans.

Brent 1st position before opening was traded for $ 45.53 a barrel, cost $ 44.88 a barrel shortly before closing on the Oslo stock Exchange. This represented a decrease of 1.82 percent intraday. By comparison, the price $ 45.46 per barrel when the Oslo Stock Exchange closed Friday.

Statoil fell to 143.80 kroner. DNO fell 3.8 percent while The Norwegian oil company were down 2.9 percent.

Among the most traded stocks weighed too Telenor and Yara index significantly. Telenor fell 1.6 percent to 147.70 while Yara fell 2.14 percent to 274 kroner.

Salmon continued down

The salmon sector was weak Monday.

– We see a high risk of a major seasonal sales of salmon than usual after the summer holidays. The supply of salmon has been extraordinarily low over the summer, and our analysis shows that the seasonal increase in supply after the summer holidays may be greater than we normally see, writes Nordea Markets according to TDN Finans.

The brokerage remains while fundamentally positive salmon sector since the offer has difficulty keeping up with demand growth. They retain buy recommendation on Marine Harvest, but taking stock of the week’s portfolio in anticipation of a better buying opportunity.

Marine Harvest and Salmar fell around one percent, Bakkafrost was down 1.3 percent, while Lerøy ended down 0, 3 percent.

Norwegian followed Ryan Air

RyanAir who presented the quarterly Monday was up around 5.2 percent on the London Stock Exchange when the Oslo Stock Exchange closed.

The company pulled the Norwegian up 2.33 percent to 289.90 kroner.

Ulltveit- Moe bought more

Ulltveit- Moe company KAGRA Gruppen AS has purchased five million REC shares at an average price 1.5854.

Following the transaction Ulltveit-Moe and affiliates 627,701,902 shares in solar energy.

REC Silicon was up most of the day, but had to succumb to selling pressure on the stock exchange into the closing and ended down 0.89 percent to 1.56 million.

New contract

Solstad Offshore has signed a contract with Prysmian Powerlink Srl for chartering CSV “Normand Pacific” with duration of 1 year, with an option for another 1.5 years.

the contract commenced during August 2016.De commercial terms are confidential between the parties.

the share climbed 3.33 percent to 15.50 crowns.

completed sale

Hafslund’s sale of Sarpsborg Avfallsenergi AS (SAE) to Sarpsborg Infrastructure now been completed. The sale is part of Hafslund’s strategy to focus its core business.

Hafslund Heat’s strategy is focused around further growth in district heating in the Oslo region. The agreed purchase price is about 280 million on a debt free basis.

The transaction involves an accounting gain for Hafslund of about 20 million before transaction costs, it is stated in stock exchange announcement.

Hafslund B rose 0.98 percent to 77.50 crowns.