Oslo Stock Exchange falls on oil shock – OBI Online

Oslo Stock Exchange falls from start Friday. A few minutes of trade is the main index down 1.1 percent to 601.42.

The major exchanges in Europe are up, with the DAX up 0.4 percent, CAC 40 up 0.2 percent and FTSE 100 up 0.1 percent. Eurostoxx 50 is up 0.2 percent and the S & amp; P Europe 350 is up 0.1 percent.

Brent is up 0.8 percent after Thursday’s fall of 4.9 percent to $ 46.4. At the moment the price is $ 46.75. Light oil is up 0.6 percent to $ 45.46. It is at the lowest levels for oil prices in two months.

Statoil falling 2.8 percent to 144.2.

Grieg Seafood is up 0.5 percent to 54.4 million and the only one of the 20 most traded shares rises.

Oil-related stocks thundered down, with Prosafe spearheaded. The stock plunge 46 percent to 47 cents after coming with several announcements about the refinancing of the company after the stock market closed Thursday.

Prosafe will include issuing new shares for between 130 and 150 million dollars, equivalent 1.1 and 1.3 billion, at a price of 25 cents. In addition, also bonds of 2.4 billion converted to share capital at 30 percent of face value.

Havyard fall 6.5 percent to 7.2 million and Seadrill are down 5.9 percent to 25.87 million. PGS is the new 4.7 percent to 17.15 crowns.

BW Offshore stating that CNR International SARL has extended his contract at Espoir Ivoirien from 2017 to 2022. The share is the winner in the opening minutes with a rise of 11 , 8 percent to 19 cents.

Ocean Yield rises 1.1 percent after DNB has upgraded the stock from hold to buy, with price target of 68 million according to TDN Finans.

Protector has presented strong figures for Q2. The company maintains its guidance for 2016, with the expected premium growth of 22 percent and with an expense ratio lower than 7.5 percent, according to the stock exchange notice. Stock drops still 5.3 percent to 72.5 million.

Link Mobility announced that its subsidiary Link Mobility AB acquires Global Mouth Marketing AB and will be the strengthening of its position from the current market share in the Swedish market at 25 percent. The stock was last traded unchanged at 90 million.

KID has put forward figures for Q2 2016 which showed revenues of 265.5 million crowns, up 8.9 percent. The stock is up 3.5 percent to 26.9 million.

Targovax (TRVX) listed on the Oslo Stock Exchange. The stock is traded at 8 million.

Team Tankers International reports that GLG Partners has reached a stake of 8.64 percent. The stock is not traded.

BWLPG have come with a fleet update with estimates for Q2 2016. The share falling 1.65 percent to 28.03 crowns.

NRC Group reported an contract with Elektrobyggnda AB in Sweden at 49 million. The stock is up 0.5 percent to 51.75 crowns.

Multiconsult announces that its subsidiary Link Architecture has won a contract for architectural work with Region Service of 20 million Swedish kronor. The stock is not traded.