Oslo Bors is on the rise – Zaptec is rising strongly after new records

Stocks have been pointing lower on the Oslo Stock Exchange for a week and a half now, but after some hesitation, the main index rose slightly after half an hour of trading on Wednesday morning.

Supply shipping company Dof Group, which presented its results on Tuesday evening, was up about five per cent at the open, with a high share turnover, and half an hour later the stock was up 2.5 per cent and was trading at about NOK 46. The company was practically bankrupt and had recently undergone a massive restructuring, which investors seemed to appreciate. After that, Brokerage Arctic Securities also raised its recommendation on Dof stock on Wednesday morning to NOK 55.

Several companies submitted their results before the stock market opened on Wednesday. Shipping company Zaptec achieved another record result, while at the same time reporting strong demand reserves despite macroeconomic challenges. Zaptec stock rose about ten percent immediately after the opening, with a great turnover of the stock, and after half an hour of trading the stock was up a good six percent.

Breeding company Mowi also delivered record results Wednesday morning, strong earnings for owners, and the stock rose nearly three percent. Despite the good results, the company is now announcing a lawsuit against the state over the salmon tax.

Reach Subsea, which also reported its results this morning, rose by seven percent.

Bergenbeo reported this morning that losses have nearly halved, and the market is rewarding the quarterly report with a stock cut of more than ten percent. Bergenbio’s share rose sharply in the past two days and remains in a strong positive position for the week.

The decline continues for stock market losers in recent days XXL, shares of the sports chain fell more than six percent Wednesday morning.

Otherwise, see the latest news from the markets at DN Investor:

Waiting for the Fed and the “hottest stocks in the world”

Concerns about interest rates have affected global stock markets in recent weeks, but inflation expectations have not worsened, which could be positive for stock markets. Yesterday’s Norwegian GDP figures, which showed that the pressure on the economy is easing, suggests that the interest rate has peaked, at least almost.

US investors settled on Tuesday in anticipation of new signals from the US central bank and the Federal Reserve on interest rates and inflation, and major US stock market indices closed slightly lower.

All eyes now turn to the central bank summit in Jackson Hole, which begins on Thursday, and fresh signals from Fed Chair Jerome Powell.

There’s also a lot of excitement associated with the results presentation from technology company Nvidia on Wednesday. The company is central to the development of artificial intelligence, and is now referred to in the market as “the hottest stock in the world”. Among the questions that are expected to be answered on Wednesday evening is whether the share price is overvalued, or will it continue to rise.

On the Asian stock exchanges, it was a quiet night until Wednesday. The price of oil is more or less unchanged, and North Sea oil is trading at just under $84 per barrel.(conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We’d like you to share our statuses using links that lead directly to our pages. Reproduction or other use of all or part of the Content may be made only with written permission or as permitted by law. For more terms see here.