Oslo Stock Exchange fell as expected from the start Friday and remained in negative territory until the US nonfarm payrolls figures were presented at 14.30.
The figures showed that it was created 287,000 new jobs outside agriculture in the US in June, against the expected 180,000.
the main index turned thus upward, and ended with a rise of 0.37 percent to 610.32.
the major exchanges in Europe is also positive at close of trading, with the DAX up 1.98 percent, CAC 40 up 1.60 percent and the FTSE 100 up 0.76 percent.
Brent oil up 0.91 percent to $ 46.82 a barrel after Thursday’s fall of 4.90 percent to $ 46.40. Light oil is up 0.84 percent to $ 45.52. They move around the lowest levels of oil prices in two months.
Statoil eventually fell 1.55 percent to 146.10 kroner, while DNO fell 0.22 percent to 9.28 million.
Oil-related stocks were generally negative today with Prosafe spearheaded. The stock plunged 26.14 percent to 65 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 US dollars , equivalent to 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.
In addition, it is planned a subsequent offering of up to $ 15 million at the same price of 0.25 kroner .
Prosafe has also reached agreement with the bank compounds their to reduce payments for a period of four years and to delay delivery of the newbuild Safe Eurus to the fourth quarter of 2019 from Cosco shipyard.
The company also stated that the refinancing will result in a significant dilution of existing shareholders who do not participate in the new share issue, but that it still needed given the challenging financial situation and difficult market conditions. If refinancing plan, which already has the support of major shareholders, goes through, it will give Prosafe greater financial flexibility out in 2020, writes Reuters.
The share of today’s obvious biggest loser.
Havyard fell otherwise 2.60 percent to 7.50 million and Seadrill ended down 6.40 percent to 25.74 kroner. TGS fell 2.82 percent to 141.20 kroner.
Other news that influenced
Ocean Yield rose 1.16 percent to 65.25 kroner 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. The stock fell still 4.92 percent to 72.50 crowns.
Link Mobility announced Friday 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 down 2.22 percent to 88 million.
KID has put forward figures for Q2 2016 which showed revenues of 265.5 million crowns, up 8.9 percent. The stock ended up 1.92 percent to 26.50 crowns.
BWLPG have come with a fleet update with estimates for Q2 2016. The share rose to end 0.49 percent to 28.64 crowns.
NRC Group announced this morning on a contract with Elektrobyggnad AB in Sweden at 49 million. The stock ended down 1.94 percent to 50.50 crowns.
Chairman Lars Christian Beitnes Intex Resources has acquired 120,000 CFDs in the company at an average price of 0.37 kroner. Following the transaction Beitnes 470,000 CFDs and zero shares of Intex. The stock today was down 2.63 percent to 37 cents.
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