Oslo Poor’s rose more than one percent – the carbon company dominated by Spetalen with a strong rise

Oslo Poor’s rose more than one percent – the carbon company dominated by Spetalen with a strong rise

The main index on the Oslo Stock Exchange rose about 1.2 percent on Tuesday, after the first trading day of the week ended with a decline of 0.66 percent.

Equinor is by far the most traded stock on Tuesday. The oil company is up about 2.5 percent.

Otherwise, Bergen Carbon Solutions will rise more than ten percent after announcing an expansion of operations before the exchange opens. The company also joined A number of new goals for the coming years. Investor Øystein Stray Spetalen is the company’s largest owner.

Top Shipping Company

sThe river in the fall offered some of the worst stock exchange days of the year However, it is inevitable that 2021 will be a very good year for the Norwegian stock market.

With only a few trading days left out of the year, the main index on the Oslo Stock Exchange is up 19.18 percent, aided by a fairly steady rally between January and mid-November this year.

If the rally continues, it will be the best year for the Oslo Stock Exchange in eight years. The last time the benchmark rose further was in 2013, when the rise was 23.59 percent at the end of the year.

The headline index has actually fallen on an annual basis only twice in the past eleven years. First in 2011, when the stock market plunged 12.46 percent, and then in 2018 when the year ended with a 1.84 percent drop.

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If you look at the list of the most volatile stocks of the year, there is no doubt that 2021 presented a clear shift from so-called growth stocks to value stocks. When Corona hit hard in the spring of 2020, the former received tremendous attention, not only here at home, but also abroad. A feature of these companies is that they are happy to receive income in the future and therefore enjoy low interest rates.

With the global economy and interest rates recovering from the initial Corona shock, the shift towards so-called value stocks has become particularly evident on the Oslo Stock Exchange this year. Typical of these companies is that they have a long history to refer to, not the least of which is income nowadays.

this year The clear winner so far this year is MPC Container ShipsWhich is up 266 percent on the stock exchange so far this year. The company is now valued at 10.3 billion NOK. Dry freight carrier John Fredriksen tracks Golden Ocean Group with an increase of 114.63 percent, while chip maker Nordic Semiconductor is up just over one hundred percent.

Elsewhere at the top of this year’s list of winners are Wallenius Wilhelmsen, Hydro, Equinor and Kongsberggruppen, which are all up 60 percent so far this year.

Growth stocks at the bottom

On the other hand, there are a few mixed declines, but the list gives a clear picture that the rally in 2020 for so-called growth stocks has lost momentum all this year. The biggest loser so far this year is Norwegian, which fell 77.26 percent.

Like many companies hit hard by the Corona pandemic, this year Norwegian continued to lose money on its way out of the epidemic, Although there is some optimism that can be traced back to the reopening this fall.

Other than that, video conferencing company Pexip is down just over 60 percent so far this year, a stock that has garnered attention and price increases during the “worst” period with the home office last year.

Scatec Solar is the company with the third worst price development so far this year, down 56.5 percent. Otherwise, biotech company PCI Biotech, hydrogen company Nel and e-learning company Kahoot are in the top 10 among the weakest stocks in 2021. All three are down between 36 and 50 percent. (Conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.

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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