Finance
Børslokomotivene led the way in a broad decline on Wednesday.
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the Oslo stock Exchange rose to a new personal record on Wednesday, led by Telenor, DNB and Statoil.
the main index on the Oslo stock Exchange ended up 0,96 percent to 669,47 points, traded for 3.677 million. The previous intraday-personal record was 16. april 2015, when the index was traded at 666,68 points.
“January-effect”
DNB Markets recommend to wait to next week to get the most out of the “January effect”. They estimate that the optimal timing is at or around 13-14 December. Today, there are 15 possible candidates that can be included in their portfolio of the ten stocks with the weakest price performance so far in 2016.
the investment firm also point out that the ten shares with the weakest development during the year has performed better than the market in general in the last two weeks in December and the first week in January in 15 of the 16 last few years. Historically, the middle of December to the 6. January been the optimal holdeperioden for this strategy.
this Year’s potential candidates offer a wide range of sektoreksponering. Eight out of ten of undersektorene on the Oslo stock Exchange have at least one representative among the 15 candidates.
“Even if the list consists mainly of smaller companies, eight of the 15 companies on the OBX index, which should provide sufficient liquidity to make the idea feasible,” writes the investment firm.
DNB Markets, is planning to refine the list to the ten shares with the weakest price performance just before the optimal starting date.
Telenor, Yara International and Norwegian Air Shuttle are among the stocks with the weakest development in the year of the benchmark index.
Telenor-correction
Telenor rose 3.2 per cent on Wednesday to 127,3 million. Several analysts TDN Finans has talked with point out that has developed weaker than the sector in general, the last time, and that the current upturn may be due a correction. Dtac, Telenor’s subsidiary in Thailand, rose 5.4 per cent in trade on Wednesday.
Bankaksjer leading the way in the recovery in Europe. In Italy rose by Banca Monte dei Paschi di Siena 9.2 per cent on Wednesday afternoon.
According to the newspaper La Stampa planning authorities in Italy to ask eurolandenes redningsfond ESM about a emergency loans in 15 billion euros to support eight Italian banks, including Banca Monte dei Paschi. Italian government rejects, however, is that they are planning an ESM request, according to Bloomberg News.
the Bank and finansbyks
DNB step 1.6 per cent on Wednesday, but Storebrand fell 2.7 per cent. At the same time pulls government bond yields in both Europe and the united STATES something down on Wednesday. RBC has downgraded the recommendation on Storebrand’s shares to “underperform”.
- Storebrand fall in the day may have connection with the fact that RBC Capital Markets has downgraded it to “underperform”. We have salgsanbefaling of the stock when the share price has been in the forefront of the interest market and the expectations of long-term management and owners in general can be too high, says analyst Geir Kristiansen in Beringer Finance to TDN Finans.
the Banking sector is also on increased interest rates and lower credit spreads have in Europe, according to him.
It looks as though the market has been less concerned about developments in Italy. I also think that it is a sesongfaktor here. Bankaksjer goes historically the best in the fourth quarter, along with other cyclical sectors, ” says Kristiansen, adding that expectations that The european central bank expands its kjøpsprogram in the morning to drive the stock market upwards, and not least the banks.
Oppjusterer Statoil
Burned 1. position is traded now to 53,2 per barrel.
Barclays has revised upward kursmålet on Statoil shares to 180 million from 160 million. The investment firm writes that with the prospect of continued rising oil prices after the Opec cut and vinterrelatert increase in gas prices will increase the company’s earnings and cash flow for the next six months.
Barclays adds that the main challenge for us will be to demonstrate the ability to maintain kostnadskuttene they have achieved in the last two years, which are influenced by currency effects.
Statoil rose 1.1 per cent to 148,9 million.
the main index on the Oslo stock Exchange ended up 0,96 percent to 669,47 points, traded for 3.677 million.
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