The main index on the Oslo Stock Exchange climbed today 0.45 percent before ending at 623.08 points. It was traded shares for 2.75 billion.
During the last month, the Oslo Stock Exchange put on 5.22 percent while the main index is up 2.10 percent so far this year.
Oil
A barrel of oil sold for $ 43.72, down 2.56 percent. After close of trading came figures showing that oil inventories in the US rose by 1.7 million barrels during the week ended July 22. According to TDN Finans was expecting a decline in oil stocks of two million barrels.
– The main driving force behind the negative mood seems to be overflowing oil and gasoline inventories. The market is highly in a downward trend, and this look does not seem to change. There is some technical support around $ 40 per barrel, says Angus Nicholson, market analyst at IG in Melbourne, to Bloomberg News, according to TDN Finans.
Statoil
Wednesday disappointed Statoil market worse than expected figures, which sent the stock down 1.54 million to 140.60 million. During the day the stock was down to 136.90 million.
The company presented a net income of minus $ 302 million in Q2 2016, compared with $ 866 million in the same period last year. According to TDN Finans was expecting a profit of $ 282 million.
– The financial results were impacted by low oil and gas prices in the quarter, says Statoil chief Eldar Sætre comments.
Statoil board has decided to pay a dividend of $ 0.2201 per ordinary share for Q2 2016.
in accordance with the dividend share program that was approved by the general meeting on May 11, shareholders will be able to choose between to receive dividends for the second quarter in either cash or newly issued shares in Statoil with five percent discount.
Norwegian
the EU will help Norwegian to get American permission to be able to fly from Ireland .
According to the New York Times wants the European Commission to conclude an arbitration with US authorities to resolve the dispute between the Norwegian and the latter, said two sources.
Norwegian shares climbed 1.18 percent to 290.80 million.
Norwegian Forest
Moody’s has upgraded the Norwegian Skog company rating from Caa3 to Caa2. According to Moody’s press release reflect the upgrade improved gross operating earnings, higher capacity utilization, a successful gjeldsombytte and bond redemption earlier this year.
The stock fell 3.95 percent to 3.89 million. During the day were shares and up to 4.37 million.
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