Oslo Bors opened in red, and the fall intensified throughout the day. At lunchtime, the main index stands at 1,292.09, down 0.94 percent.
in red
Norwegian titanium They announced this morning that they want to raise up to NOK 225 million. Investors responded by pushing the stock down as much as 32.58 percent, but the decline slowed to 6.8 percent. Norwegian Titanium’s share is down more than 40 percent so far this year.
Kongsberg Collection It decreased by 2.9 percent. This is despite the company now securing an agreement to maintain Norwegian frigates worth up to $17 billion.
Northern pits It rose sharply last week, but has reversed today and is falling 11.6 percent. However, the share is still up 232 percent in the past week.
The backdrop to last week’s rise was the drilling company’s ongoing arbitration case against Hanwha Ocean. At the end of November, Awilco Drilling’s stake rose to its highest levels after its success in a similar case, giving little hope that Northern Drilling could also win.
Boarding
Among the stocks that are strengthening we find Telenor, which amounts to 1.7 percent. Heavyweight Goldman Sachs today upgraded the stock to “buy.”
“We see growth, returns and higher stocks on the way,” analysts at major bank Goldman Sachs wrote in a recent report on the sector. The price target was set at NOK 144 and the stock rises to NOK 118.95 today.
Peter Nystrom at ABG Sundal Collier has long been lukewarm Car store. Now he has opened his eyes to the company’s high margins, and is upgrading the stock to buy. The share rose 4.9 percent after the analysis was updated.
Boros pistol It announced on Sunday evening that it had received orders for hydrogen distribution systems worth around 9.6 million euros. This sends the stock up by 3.1 percent.
Oil price
Brent crude fell 0.6 percent to $78.43 a barrel on Monday, while West Texas Intermediate crude fell 0.5 percent to $73.67 a barrel. In comparison, a barrel of North Sea oil was trading at $80.78 per barrel at the end of the Oslo Stock Exchange on Friday.
Ole Rikard Hammer, chief Arctic analyst, tells TDN Direkt that he believes the drop in oil prices after the OPEC+ meeting is due to Saudi Arabia’s failure to create the impression of a strong and cohesive group.
“Our expectations that Saudi Arabia would lead the group in sending a strong message of doing whatever it takes turned out to be completely wrong. Although signs of internal resistance in OPEC+ are not unusual, they were surprising.”
moderation While it decreased by 2.17 percent Aker BB Weakens by 2.06 percent. Our energy It decreased by 2.31 percent.
“Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff.”
