Oslo Stock Exchange opens lower FinanceAffairs.com

Oslo Stock Exchange opens lower  FinanceAffairs.com

Oslo Borse opens on Monday.

After one hour of trading, the main index reached 1,259.23, down 0.12 percent, and shares worth NOK 810 million have been traded so far.

Oil price

The April contract for Brent oil on Monday morning fell 0.50 percent to $81.21 a barrel, while West Texas Intermediate crude fell 0.56 percent to $76.06 a barrel.

In comparison, a barrel of North Sea oil was trading at $82.06 per barrel at the end of the Oslo Stock Exchange on Friday.

OPEC+ is now expected to extend current production cuts into the next quarter at a cartel meeting in early March, TDN Direkt reports.

“We still expect OPEC+ to extend cuts into the second quarter of 2024, and will gradually and partially unwind the latest cuts from the third quarter,” analysts said in the Goldman Sachs report, but for now they expect oil prices to remain on hold. From 70-90 dollars per barrel.

moderation It fell by 1.60 percent to NOK 261.15, while Aker BB It decreased by 0.58 percent to 255.90 Norwegian kroner. Our energy It fell by 1.41 percent to NOK 30.09.

in red

Arctic Securities is now downgrading MPC container ships From buy to hold, and at the same time lower the target price. The stock fell 6.39 percent to NOK 14.58.

Nile It fell 6.1 percent on Friday after Pareto Securities and Fearnley Securities cut their price targets for the stock – the former from NOK 7 to NOK 5 and the latter from NOK 7 to NOK 4.60. On Monday, the stock fell 4.08 percent to NOK 4.33.

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Your quality , which on Friday topped the list of winners with an 18 percent increase after a record quarter, corrected on Monday. The stock is now down 3.21 percent to NOK 12.05.

A handful of companies reported fourth-quarter numbers on Monday, including… Dolphin drilling . The company is still struggling to get money from the client in Nigeria, but still reports a marked improvement in results. The stock opened higher, but is now down 0.97 percent to NOK 7.12.

Boarding

XXL It ranks high on Monday's winners list with an increase of 8.90 percent to NOK 0.94. On Thursday last week, XXL shares also rose significantly, then on speculation from a rival media house that Bjørn Rune Gjelsten might recognize the takeover of the stricken sports chain.

Telenor It is the second most traded stock today with an increase of 1.51 percent to NOK 117.60. Heavyweight bank JP Morgan has now upgraded its price target and reiterated its buy recommendation.

Finance Division Group , which presented quarterly figures on Thursday evening, rose 3.79 percent to NOK 66.19. This happens after Carnegie, Pareto, and SpareBank 1 Markets all revised their price targets for the stock upward.

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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