Oslo Børs opens right down

Oslo Børs opens right down

(issue updated)

Oslo Bors is set to open on Monday.

After 32 minutes of trading, the main index reached 1,419.99, down 0.23 percent, and shares worth NOK 513 million have been traded so far.

Billion write-offs

Wallenius Wilhelmsen They announced after the close of trading on Friday that they are writing off call options worth more than NOK 10 billion. This has now sent the stock down 5.43 percent to NOK 97.50.

The change means Wallenius Wilhelmsen's registered shares for 2023 and the first quarter of 2024 will decrease by $977 and $929 million, respectively.

Earlier in the day, Arctic Securities analyst Christopher Barth Ski told Finansavisen that he thinks the stock is too cheap.

– Ski said that when the shipping company wants to achieve three-quarters of the company's value by the end of 2026, the share is very cheap.

Today's biggest loser is… Researcherswhich weakened by 14.34 percent to NOK 2.15.

The company announced Friday that it has applied for carbon capture and storage in Quebec to address emissions from natural gas consumption. This request comes on the heels of Quebec's Ministry of Economy and Energy introducing Bill 69 on Thursday. There were no further messages after that.

Continuation

The biggest winner on Friday was the solar energy company Autovo which announced that it has entered into a partnership with Volkswagen's electric vehicle charging company Elli.

Autovo shares soared during trading on Friday, and ended its trading with an increase of 52 percent. On Monday, the stock continued to rise by 3.70 percent to NOK 2.39.

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Oil price

Brent crude for July delivery on Monday morning rose 0.35 percent to $79.90 a barrel, while West Texas Intermediate crude rose 0.32 percent to $75.77 a barrel.

In comparison, a barrel of North Sea oil was trading at $80.30 per barrel at the end of the Oslo Stock Exchange on Friday.

moderation It fell 0.25 percent to NOK 297.40 Aker BB It rose by 0.15 percent to 259.20 Norwegian kroner. Our energy It rose by 0.57 percent to NOK 35.47.

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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