After a fresh start where the index was up 618.88 points shortly after the kick went, faded exchange of throughout the day, in line with oil prices.
The main index on the Oslo Stock Exchange ended down 0.34 percent to 610.55 points Monday. It was traded securities for 2.39 billion.
Intraday burned award been up $ 43.85 a barrel. When the Oslo Stock Exchange closed Monday was burning oil down 1.81 percent intraday to $ 42.74 a barrel while US light crude was down 1.73 percent to $ 40.88 a barrel. Prices were still above the levels of off-exchange Friday afternoon, when a barrel of burning oil cost $ 41.92, while the US light crude traded at $ 40.79.
DNB Markets says according to TDN Finans in a comment that lifted oil prices seems to have come at a slightly weaker US dollar, while the reopening of exports from Libya, a minor increase in the north American rig activity and a continued focus on stocks weigh.
oil Service index OBOSX ended down 1 , 61 percent.
Statoil stopped at 132 million, down 0.60 percent. The company has signed an agreement to sell assets in the United States for a cash consideration of approximately $ 96 million, equivalent to just over 800 million.
According to the notification concerns the sale some of its partner-operated holdings in the state West Virginia to Antero Resources Corporation ( “Antero”).
Supply Lines continued recovery
John Fredriksen supply shipping Deep Sea Supply continued Friday’s rise, as the stock topped winners after rising 10.0 percent. Monday climbed share new 7.95 per cent to 1.90 million.
After Kjell Inge Rokke’s genius in Rem Offshore notified Fredriksen battle of wounded supply shipping companies, reported financial newspaper Friday.
– The market needs to be consolidated, and we will be with. (…) It’s all about finding the right deal, said Fredriksen’s right hand Harald Thorstein said.
Supply shipping company Farstad Shipping also had a fair wind and climbed 9.29 percent to 10.35 kroner .
Siem Offshore was up all 13.51 percent to 2.10 million, and Solstad Offshore rose 8.47 percent to 19.20 kroner.
REM Offshore fell however 27.87 percent to 3.21 million, topping thus lose the list.
Banks burdened Europe
DNB fell 0.86 percent to 92.05 kroner after downgrade from Goldman Sachs to neutral from buy with price target of 110 million, while the result of the EBA (European Banking Authority) stress test according to TDN Finans showed unchanged core capital ratio in the stress scenario.
– the tests are largely neutral for Nordic banking shares as we see it, but it can be viewed as positive from a debt perspective, wrote Credit Suisse in a note.
Bank stocks have burdened European stock exchanges Monday.
DNO
DNO share climbed 1.05 percent to 8.69 million by the Board of Gulf Keystone has issued a statement on Friday bid for the company from the Kurdistan competitor DNO.
the board of Gulf Keystone, according to TDN Finans considered the offer from DNO, and notes that the offer is contingent upon successful completion that Gulf Keystone’s ongoing restructuring of the balance sheet.
– The Board has concluded that the completion of restructuring best serve our stakeholders, and we will not participate in any extra process that may cause the company being distracted from this goal. The company has responded DNO equivalent, said in a statement.
Evaluation of bids and orders
Swedbank commissioned by TTS Group given an independent valuation and statement regarding Austrian Palfinger Marines bid on the party.
Swedbank concluded that the bid is fair from a financial point of view. The Board of TTS has previously decided to recommend the proposed offer to its shareholders.
Trond Bogsnes in corporate management has accepted to sell their 2000 TTS shares.
The company also reported a new contract for the delivery of a 10,000-tonne ship lift to Port of Casablanca in Morocco.
shares rose 0.38 percent to 5.35 million.
The buyer defaulted loans
Axactor bought a new portfolio of unsecured non-performing loans in Spain.
The portfolio includes loans with a total outstanding of 565 million euros, equivalent to 5 , 32 billion. The acquisition is according to the message on the secondary market, and costs a low single digit percentage of the outstanding balance.
Axactor shares climbed 5.75 percent to 1.84 million.
Opptur without news
with an increase of 34.29 percent to 0.94 million was Prosafe which topped winners Monday.
the company made no specific news, but is about to undertake a major refinancing.
House prices Gallop infected housing stocks
Figures from OBOS shows that the average home in the Oslo area cost 59,318 kroner per square meter in July, representing an increase of as much 5.9 percent from June.
The price increase so far this year is thus up in violent 20.9 percent.
Residential builders Selvaag Bolig and AF Group rose just over two percent, while Veidekke shares were flat.
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