Oslo Stock Exchange opens lower FinanceAffairs.com

Oslo Stock Exchange opens lower  FinanceAffairs.com

Frontline fell nearly 4 percent on the day's highest volume so far, while Hafnia stock fell more than 3 percent. The work of the tank duo ends after rumors of a ceasefire agreement between Israel and Hamas. This will likely reduce tensions in the Middle East and the Red Sea, where ships have been attacked by the Iran-backed Houthi militia in Yemen. Shipping companies now sail all the way around Africa to avoid problems.

Otherwise, in shipping, Wallenius Wilhelmsen is almost unchanged after landing another huge contract.

Not sure about the ceasefire

The price of Brent crude (April contract) reached $79.14 per barrel on Friday morning. It rose 0.6 percent (47 cents) since midnight, but fell from $81.36 per barrel. barrels when the stock market closes on Thursday.

Oil prices fell sharply Thursday evening in the wake of conflicting reports about progress in the ceasefire agreement between Israel and Hamas. Al Jazeera announced the agreement last night, but later deleted the post Report now Hamas should be positive about this proposal.

– Reports of progress toward an extended ceasefire between Israel and Hamas, which could reduce geopolitical tensions, are now keeping oil investors on the sidelines, senior analyst Priyanka Sachdeva at Philip Nova tells Reuters.

Equinor fell 1.5 percent, Aker BP 2 percent, and Vår Energi 1.3 percent.

It bounces back on the analysis

In the list of winners we note Pryme, which rose almost 10 percent based on changed terms in its supply contract with Shell – which is expected to significantly lift the results of Pryme's first plant, Pryme One.

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We also include Link Mobility, which is up nearly 6 percent after yesterday's drop of more than 9 percent. SpareBank1 Markets now recommends Buy after weak development. The stock was also highlighted as one of DNB director Hans-Marius Lee Ludvigsen's favorite stocks in Børsmorgen on Tuesday this week.

– He said that the stock is in a repricing round in the future.

XXL figures high on the losers' list, down 7 percent to €98. On Thursday, SEB raised its target price to 44 euros, but considered it inevitable.

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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