After a sharp decline on Monday, the Oslo Stock Exchange recovered somewhat at the opening on Tuesday. Now, however, the stock market has turned.
After just over 30 minutes of trading, the main index settled at 1,222.05, down 0.33 percent.
Brent crude rose 0.65 percent to $102.99 a barrel on Tuesday morning, while West Texas Intermediate crude rose 0.42 percent to $98.95 a barrel.
In contrast, a barrel of North Sea oil was trading at $100.87 a barrel at the close of trading in Oslo on Monday.
In China, lockdowns with Corona in Shanghai are in their fourth week. Meanwhile, requests for mass testing, including in Beijing’s largest shopping district, have created fears of further lockdowns. In addition, the dollar is now strengthening, which makes oil more expensive for many.
Edward Moya, market analyst at Oanda, wrote in an update, according to CNBC.
Equinor It declines 0.76 percent to 311.40 crowns, while Aker BP It fell 0.79 percent to 327.40 crowns. our energy It, on the other hand, boosted 1.02 per cent to NOK 38.10.
The season of profit and investment bank has begun ABG Sundal Collier We can announce this morning that the first quarter ended with a drop in sales to 487 million kroner. With this, the stock drops 4.78 percent to 8.17 NOK.
Among the most traded stocks weaken Yara 0.93 percent to 458.20 NOK, while golden ocean Double 1.86 per cent to 105.50 NOK. Thus, the latter continues yesterday’s decline of more than 10 percent.
kahut It declines 2.37 percent to 23.53 kroner, and subscriber It fell 2.82 percent to 207.00 crowns.
It was Monday REC silicone It is the only one among the most actively traded stocks that rose. Now it continues to rise by 1.73 per cent to 16.75 kroner, which is the second most traded at the moment.
The rally came after major shareholder Hanwha Solutions issued a follow-up letter to REC shareholders ahead of an extraordinary general meeting scheduled for May.
– Hanwha clearly has big plans for REC, Jonas Fremming at SpareBank 1 Markets told Finansavisen on Monday.
moiAnd Greg Seafood Cermaq has now been upheld by a court in Canada noting that the government’s phasing out of open salmon farming along the country’s west coast is invalid. Mowi shares rose 0.83 percent to 255.90 crowns, while Greg Seafood shares rose 1.64 percent to 136.50 crowns.
Havela Coastal Road It was reported that they had received an authorization from the State Department to run the “Havela Kabila” for a period of six months. The news lifted the stock by 6.72 percent to 19.85 crowns.
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