August 8, 2022

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Oslo Börz opens down |  finansavisin

10 stocks drop to an all-time low

The winner among the most popular At the Oslo Stock Exchange on Tuesday lunchtime golden oceanWhich rose 2.3 percent to 119.45 crowns. The loser is among the most traded he is Aker . solutions which rose 8.9 per cent to 29.22 kroner, even after doubling the bottom line.

10 stocks drop to an all-time high; Airthings (-2.3%), Borgestad (-0.5%), Cambi (-4.3%), CSAM Health (-3.7%), Komplett (-4.1%), Kraft Bank (- 2.8%), Nordhealth (-8.3%) , Nortel (-2.9%), Smart Craft (-1.4%) and Tekna Holdings (-5.6%).

Heavy weights rise and fall

Among the weights are Equinor It rose 0.8 percent to 320.25 NOK, while Aker BP It rose 0.7 percent to 334.40 Norwegian kroner.

Telenor It drops 3.5 percent to 128.55. The company provided first-quarter numbers on Tuesday morning that showed a sharp rise in profits, but the copper grid shutdown, higher energy prices, competition in Thailand and mergers are costly, Telenor warns.

The results were clearly on the weak side of the consensus, and were also somewhat below our estimates, although Telenor Norway delivered slightly above expectations. However, net debt of NOK 3 per share was better than consensus and earnings guidance looks confident, says DNB Markets analyst Frank Mau for TDN Direkt.

Norsk Hydro It generated an operating profit before depreciation and amortization of NOK 11.2 billion in the first quarter. It was better than the record set in the fourth quarter by more than 2 billion NOK. The stock fell 3.8 percent to 74.76 crowns.

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Pareto Securities notes that results have been record strong, but brokerage analyst Kenneth Seifertsen also told TDN Direkt that the stock may have been negatively affected by aluminum, among other things, on the shutdown in China and fears of a recession.

The numbers were perfectly fine, but not enough to counteract the drop in aluminum prices today, Sivertsen says about the current movement in Norwegian Hydro.

According to TDN Direkt, ABG Sundal Collier wrote that they outperformed brokerage estimates in total, but at the same time states that the upstream business is affected by cost inflation. In addition, the brokerage notes that the company’s future market prospects are positive, but at the same time rather low.

an average It drops 1.8 percent despite a 67 percent increase in income and a top streak of $1 billion in the first quarter. The share has now fallen 1.8 percent to 17.14 crowns.