Kongsberg continues its meteoric growth, up 3.6 percent on Oslo Børs – and up more than 90 percent so far this year

Kongsberg continues its meteoric growth, up 3.6 percent on Oslo Børs – and up more than 90 percent so far this year

The main index on Oslo Börse ended Monday up 0.4 percent, reaching 1,428.29. The volume of sales of shares and share certificates amounted to NOK 4.3 billion.

oil

The August contract for Brent oil reached $85.41 per barrel at the end of the exchange, indicating an increase of 0.5 percent during the day. WTI crude oil is trading at $81.92 a barrel, which equates to a 0.47 percent increase since midnight.

moderation It ended Monday up 0.5 percent at NOK 305.50 per share, while BB turbidity It rose 1.2 percent to 275.40 Norwegian kroner. Our energy It added 1.1 percent to NOK 38.13 per share after extending the gas agreement with giant Eni and will supply natural gas until 2036.

Kongsberg Collection It ended the day up 3.6 percent as the third-most-traded stock of the day, after Danske Bank nearly doubled its target price to nearly 1,500 Norwegian crowns per share, up from 820 Norwegian crowns previously. So far this year, the company’s shares have risen more than 90 percent.

The company on Friday won a major new contract worth NOK 4.8 billion from the government after ordering new air defense systems from NASAMS. Following the company’s capital market day, the brokerage reviewed the company’s history to beat its guidance, and found that the company exceeded its targets by an average of 26 percent, according to TDN Direkt.

Shipping dropped

Shipping had a tough day on the stock exchange as John Frederiksens front line It fell more than 6 percent to 262.50 Norwegian kroner.

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According to Pareto Securities, weakness in crude oil tanker markets continues, with no signs of improvement. VLCCs took over Suezmax cargoes, and Suezmax vessels in turn entered product tanker markets. The Aframax market is also experiencing weak conditions. LR rates remain stable, but activity is limited.

Hafnia It decreased by 3 percent. Stolt Nielsen The car shipping line's shares closed down 3.4 percent Hoegh Autoliners It closed down 3.5 percent, while MPC container ships It fell 2.1 percent.

Housing Company Selvage housing It sold homes worth NOK 1.6 billion in the second quarter, a new record for the company, a stock exchange announcement showed on Monday. They sold a total of 235 homes in the quarter. The session ended up 3.1 percent to NOK 38.15.

It downgraded the Carnegie rating Orcla From possession to sale. The price target was revised from NOK 79 per share to NOK 71 per share. The brokerage believes that the two agreements concluded in the past nine months are less impressive, with the sale of Lilleborg and the partial sale of OFI at multiples lower than brokerage estimates, according to TDN Direkt. On Monday, the stock fell 1.6 percent to NOK 84.40.

Scandia Green Power Electricity company Motkraft is buying for NOK 36.5 million. On Monday, the stake rose 10 percent to EUR 93.

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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