Borse Oslo rises: Finance Ministry rises in multibillion-dollar trades – Norse shares fall 27 percent

Borse Oslo rises: Finance Ministry rises in multibillion-dollar trades – Norse shares fall 27 percent

The main index on Oslo Börse ended Monday up by 0.72 percent, reaching 1,417.06. The volume of sales of shares and share certificates amounted to NOK 4.0 billion.

In the oil market, the August contract for Brent crude rose by 0.4 percent to reach $85.50 per barrel at the close of trading. West Texas Intermediate crude rose 0.5 percent to $81.10 a barrel.

moderation It rose 0.4 percent to 239.95 Norwegian kroner. Aker BB It rose 0.9 percent to NOK 265.90 Our energy It fell 0.3 percent to 35.84 Norwegian kroner. John Frederiksen uploaded more posts at the latter.

Finance Division Group It was among the winners and rose 5.3 percent to NOK 91.90 per stock share. The company announced two new contracts with Petrobras on Monday morning. At two in the afternoon, the Ministry of Finance announced a third agreement. Two of the contracts are defined as “very large” and are worth between $100 and $200 million, while PLSV’s contract with Petrobras is considered “large” and worth between $200 and $300 million.

Norwegian Atlantic Airlines It was announced on Saturday morning that advanced talks with a potential strategic partner had ended without reaching any formal agreement. On Monday, the stock fell 27.0 percent to NOK 6.80.

The shipping index closed 1.35 percent higher. Wallenius Wilhelmsen The company led the way in this segment, with an increase of 5.2 percent to NOK 107.00. The stock has been included in DNB Markets' weekly portfolio. Car shipping company Hoegh Autoliners The rally followed and rose by 2.1 percent to NOK 122.50. ABG analyst Peter Haugen was recently a guest on Finansavisen's “Aksjepodden” podcast, published on Friday, where the two aforementioned car shipping companies were among the companies discussed.

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MPC container ships It rose 3.5 percent to 21.06 Norwegian kroner. New shareholder lists show that Arne Blystad has bought shares in the container shipping company.

Offshore wind services company Caddles The company has secured a contract to install 72 wind turbines at the Inch Cape Offshore project in the North Sea, worth between €114 and €130 million. The stock rose 5.2 percent to NOK 67.20 on Monday.

Shipstead It rose 1.4 percent to NOK 310.60 thanks to higher trading volume. Before the stock exchange opened on Monday, a block of 504,000 shares in the company was traded at NOK 288.71, equivalent to NOK 145.5 million. The stock reached NOK 306.20 at the close of trading on Friday.

Yara It rose 1.7 percent to 305.50 Norwegian kroner. The fertilizer giant is one of many companies recommended by SpareBank 1 director Beate Bredesen.

BergGenBio It rose 5.7 percent to 11.10 Norwegian kroner. Carnegie has resumed coverage with a buy recommendation and a price target of NOK 17.

Under the sea 7 It was revised higher by Sparebank 1 Markets with a target price of NOK 220 from NOK 200. The recommendation came at 4pm and helped the price rise at closing time to NOK 197.

Navamedic Orion Corporation has announced a collaboration for a licensing and supply agreement for Flexilev in Europe. The drug is intended to treat Parkinson's disease and was added to Navamedic's portfolio following the acquisition of Sensidose AB in May 2023. The share jumped from 32.4 to 33.9 after the news.

Many banking stocks ended the day with gains. Denb It rose 1.2 percent to NOK 211.00. Sberbank 1 Riyal Bank 1.85 percent, Sberbank 1 North Norway Sparebanken Vest rose 1.61 percent and Sparebanken Vest rose 0.57 percent.

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Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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