Skadeskutt tech shares rose 26 percent thanks to insider buying

The status is updated throughout the day.

Oslo Poor’s opened up 0.4 percent on Tuesday. At 14:55, the main index stands at 1,208.65 points, a marginal decrease of 0.01 percent.

There is a quiet rise in Europe’s largest stock exchanges. Germany’s DAX rose 1 percent, France’s CAC rose 0.7 percent, while Britain’s FTSE 100 rose 0.1 percent.

Technology stocks are up in the air

DNB Markets and Citigroup have raised their price targets to Adventawhich rose 8.3 percent to NOK 80.25 apiece.

DNB Markets is positive about the stock ahead of its first-quarter report, and results estimates are largely in line with the consensus as well as repeating previous guidance for 2023.

Seacrest Petroleum It guides an average production of 8,782 barrels per day this year. Yesterday came the first post-IPO analysis, where Pareto predicted a doubling. The stock fell 0.3 percent to 12.20 Norwegian crowns.

Member of the Board of Directors fire store Renew shares for more than NOK 16 million. The share strengthened by 1 percent to NOK 81.98.

Managers at a Danish technology company Asetek It was charged for more than NOK 350,000 in its own company, increasing the stock by 26.3 percent to NOK 7.89. However, last year the decline exceeded 70 percent.

The high price of oil

Oil prices rose cautiously on Tuesday, after oil prices rose on Monday due to a sudden production cut by the oil cartel OPEC+.

Brent oil rose 0.9 percent to $85.70 a barrel since midnight, while WTI rose 1 percent to $81.20 a barrel.

On the other hand, a barrel of North Sea oil traded at $85.08 a barrel. The barrel at the stock exchange close in Oslo on Monday.

– The buying spree sparked by the OPEC+ cuts has subsided, and the market is now turning its attention to the future outlook for oil demand, says NS Trading CEO Hiroyuki Kikukawa, according to Reuters.

In the short term, demand is expected to pick up ahead of the summer driving season, but higher oil prices could increase inflationary pressure and prolong interest rate increases in many countries, which could dampen demand, he adds.

Equinor fell 1.2 percent to 308.20 Norwegian crowns per share, while Aker BP It weakened by 1 percent to NOK 271.20.

Read more about oil prices here.

Shipping companies revenge?

Shares of oil tankers fell on the stock exchange on Monday after the OPEC cuts, which led to less volumes being transported.

VLCC prices may be reduced by about $90,000 to $60,000 each as a result of this change, says Clarksons analyst Freud Morkedal.

John Fredricksons front line It fell 9.6 percent on Monday and fell 1.5 percent on Tuesday, while Okeanis Eco vectors, Which carries Russian crude, tumbled 9.3 percent. Today, the shipping company’s stock is down 2.8%.