Norwegian march in Oslo Borse | FinanceAffairs.com

Norwegian march in Oslo Borse |  FinanceAffairs.com

The main index on the Oslo Stock Exchange rose 0.1 percent on Wednesday before closing at 1,285.95 points. At the end of trading, a barrel of North Sea oil was trading for US$79.62, up 0.1 percent. Bloomberg writes that heightened military activity in the Middle East is now being balanced with expectations of increased oil production. moderation It fell 0.3 percent to NOK 296.15 Aker BB It fell 0.2 percent to 271.60 Norwegian kroner.

Norwegian It revised its guidance for 2023. Expectations for operating results rose from NOK 1.8-2 billion to NOK 2.2 billion, sending the stock up 4.5 percent to NOK 13.39. The improvement was due, among other things, to stronger-than-expected demand for flights, and compensation associated with delays in the delivery of flights.

On Tuesday, Politico magazine published an article citing anonymous EU diplomats as saying that primary aluminum is now being considered for inclusion in the upcoming 13th sanctions package against Russia. Analyst Morten Norman of Carnegie University believes investors should sell instead Hydro– The stock instead of jumping on the bandwagon and speculating on the rise in the price of the stock and aluminum. Hydro shares fell 1.3 percent to 62.24 Norwegian kroner.

Jinsedig Forseeking It ended the fourth quarter of 2023 with a pre-tax profit of NOK 1.6 billion, compared to NOK 1.7 billion in the same period of the previous year. The result was affected by difficult weather conditions, and was significantly lower than the forecast of NOK 1.8 billion. The result was reinforced by a doubling of financial income. The stock fell 1.9 percent to 175.60 Norwegian kroner.

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shooters The Argentine subsidiary received contracts worth a total of $125 million, equivalent to 1.3 billion crowns, from Pan Am.

“These new contracts significantly improve the visibility and profitability of our local business,” says Archer Managing Director Dag Skindlo. The stock rose 3.7 percent to 0.84 Norwegian kroner.

Al Shamal Semiconductor The stock market saw a rally on Tuesday, but on Wednesday the stock fell 3.4 percent to NOK 113.60 after a weak quarterly report from Texas Instruments.

Dalila Awolowo

Dalila Awolowo

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