Salmon shares went countercurrent in a positive Oslo Stock Exchange Monday.
Seafood Index closed down 2.5 percent, and Marine Harvest burdened with a fall of 3.4 percent to 138.20 kroner at today’s second highest volume .
Swedbank analyst Marius Gaard is not surprised, and displays facing TDN Finans at artificially low volumes in June and July.
– Now comes the volumes of fully and Europe go on vacation, and then falling prices fast as a rock. Salmon Stocks normally make it slightly in periods of falling salmon prices, so it is not yet this year too. Had it not been for a strong euro, prices had been even lower, he said to the news agency.
Bakkafrost Salmar excelled also negative on the stock exchange on Monday after declines respectively. 3.0 percent to 317.90 kroner and 2.6 percent to 252.50 kroner.
– To buy salmon stocks in late July is bad timing. It is better to wait until September, continues Gaard opposite TDN Finans.
Please note that Periscopus by Trygve OBI owns four million shares, representing a stake of 0.9 percent in Marine Harvest .
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