Opening of the Oslo Stock Exchange FinanceAffairs.com

Opening of the Oslo Stock Exchange  FinanceAffairs.com

Oslo stock exchanges opened weak on Tuesday, but have now retreated.

After 1.5 hours of trading, the main index reached 1,257.21, down 0.40 percent, and shares worth NOK 1.1 billion have been traded so far.

Oil price

The April contract for Brent oil on Tuesday morning fell 0.22 percent to $82.35 a barrel, while West Texas Intermediate crude fell 0.22 percent to $77.41 a barrel.

In comparison, a barrel of North Sea oil was trading at $81.90 per barrel at the close of the Oslo Stock Exchange on Monday.

Signs of recent buying activity from refiners in the world's two largest economies, the United States and China, have pushed US WTI prices higher, according to TDN Direkt.

“Concerns about Chinese demand are easing, as refiners continue to buy more in the physical market after travel activity boomed during New Year celebrations. This is despite the fact that refiners have planned more maintenance shutdowns than usual,” ANZ analysts wrote in a note, According to the news agency.

moderation It fell by 1.14 percent to NOK 260.00 Aker BB It rose 0.54 percent to NOK 260.60. Our energy It rose by 0.78 percent to 31.04 Norwegian kroner.

Quarter lunge

The fourth-quarter season is in full swing, and a number of companies provided numbers Tuesday morning.

Among these MPC container ships Which weakened the result. Revenues exceeded analysts' expectations, but operating profits were much lower than expected. This sends the stock down 10.00 percent to NOK 13.54.

also Marine sim The stock is now down 3.02 percent to NOK 28.90. However, the increase in the value of the ships has enabled the company to generate profits of more than NOK 1 billion.

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But most of all, falling Boo lite, which lost NOK 27 million in the quarter. The stock now tops the list of losers with a decline of 43.72 percent to NOK 6.90 with a relatively high turnover.

Jinhui Shipping It lost $28 million in the quarter, and the stock weakened 13.28 percent. The red bottom line also conveys Seacrest Petroleum It fell on the stock exchange by 11.67 percent to NOK 5.30.

to Hydrogen Pro However, the mood is different, and the stock rose 10.66 percent to NOK 13.70. The company increased its revenues tenfold last year, but was forced to suspend prestigious projects.

Fly on

Norwegian ranks first on Tuesday's trading list with an increase of 1.83 percent to NOK 17.29. The share has therefore risen by 61 percent since the new year.

– An obvious takeover candidate, analyst Øyvind Mossig told Finansavisen.

Under the sea 7 It rose by 1.44 percent to NOK 148.00. SEB now raises its price target for the stock to NOK 200.

Flex LNG – On the other hand, the share fell by 4.69 percent to NOK 252.00 after the new analysis. Jefferies is downgrading the stock from hold to sell, while at the same time lowering its price target for the stock.

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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