Cautious rise in Oslo Borse – strong point drops sharply – E24

Cautious rise in Oslo Borse – strong point drops sharply – E24

The stock market experiences a slight rise at the opening of the first trading day of the week. Tek Strongpoint declines after the release of the numbers.

Published:

The status is updated throughout the trading day.

The stock market has risen slightly since the beginning of Monday. In the opening hours, the main index rose by 0.15 percent.

This is how it works for a group of the most actively traded stocks at the open of the stock market:

  • Kongsberg Gruppen shares rose 1.33 percent
  • Equinor shares fell by 0.83%.
  • Höegh Autoliners rose 2.05 percent
  • Aker BP fell 0.56 percent
  • Yara rose 0.95 percent

North Sea (spot) oil is trading at the open at $81.82 per barrel, a slight increase of 0.13 percent since midnight. On Friday, the price of oil jumped to more than $82.

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Strength point with lower results – implemented staff reductions

Among the updates received from companies before the opening of the stock exchange, we find:

  • 2020 Bulkers has entered into an agreement to sell two Newcastlemax vessels “Bulk Shanghai” and “Bulk Seoul” for a total consideration of $127.5 million. The stock rose 2.83 percent on Monday morning.
  • Norse Atlantic extends lease of four aircraft. The agreements for three aircraft will be extended for a period of up to one year, with delivery occurring between March and May 2025. The agreement for the fourth aircraft will be extended for two months, with delivery occurring in early May 2024. The stock rose 1.58 percent.
  • Borr Drilling has been awarded new contracts for three of its drilling rigs with a total value of $82.2 million. The stock rose 1.71 percent.
  • Technology company Strongpoint achieves total operating results (EBITDA) of minus NOK 20.6 million in the fourth quarter of 2023, down from NOK 33.5 million in the previous year. The company has implemented staff reductions and the board is considering revising its financial ambitions for 2025. The stock fell 10 percent at the opening.
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Furthermore, a Greek-owned cargo ship was damaged in a missile attack off the coast of Yemen in the Red Sea. According to the UK Maritime Trade Operations (UKMTO), the bulk carrier was attacked as it passed the Bab el-Mandeb Strait on Monday night, NTB wrote.

In Asia, the largest stock exchanges close their doors on Monday due to the celebration of the Chinese New Year.

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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