October 19, 2021

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Rebound on the Oslo Stock Exchange - Heavy energy companies continue to rise

Rebound on the Oslo Stock Exchange – Heavy energy companies continue to rise

The main index on the Oslo Stock Exchange closed up 0.55 percent to 1,120.47 points on Tuesday.

Today’s moves

heavy weights static It ended the day 2.8 percent higher after a stock upgrade from DNB Markets. The company is one of the few that finished in the green on Monday.

Haveard The company announced the delivery of the third and last triplets to the Danish company ESVAGT. The stock rose 2.5 percent on the stock exchange.

kahutThe stock rose 1.9 percent after it bought Folketrygdfondet, but is still sharply lower after yesterday’s drop of more than 15 percent.

Shipping company Christine Svias western bulk Debuts on Monday at Euronext Growth. The stock opened at around NOK 38, well above the subscription price of NOK 30, but then dropped to NOK 33.20. On Tuesday, the price rose again, ending up 8.1 percent at NOK 36.00.

PoLight The day ended up 2.6 percent after the company announced an additional order for TLens worth approximately NOK 1.7 million, giving a backlog of NOK 4 million.

Blokkjedeteknologiselskapet DLT It rose 3.9 per cent after the company raised NOK 24 million in total returns from the targeted investment.

Drone Company North drone It announced a partnership with the European Maritime Safety Agency (EMSA) to monitor emissions from ships in Spain. The stock ended the day up 2.9 percent.

The following biometrics Announces a new Director of Sales and Marketing. The stock rose 0.7 percent on the stock exchange.

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Hydrogenscape men It ended up 5.3 percent after brokerage Arctic Securities made a buy recommendation on the stock.

share seafood Greg Seafood It fell 1.0 per cent after Folketrygdfondet was sold below the flag limit.

tuna weight Equinor rose 0.4 percent, injury 1.2 percent and Rec silicone 2.9 percent.

oil prices

The price of a barrel of North Sea oil (burning spot) rose 0.3 percent at $74.42 at the close of the exchange.

West Texas Intermediate crude rose 0.2 percent to $70.66.

According to TDN Direkt, the price hike comes after analysts noted signs of a tighter supply side in the US market.

However, it is indicated that the market is still somewhat shaken by the potential positive effects that may come from the Chinese economy and the ongoing housing giant Evergrande.