June 28, 2022

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The stock market started the week down

The stock market started the week down

It was set to decline on the first trading day of the Oslo Stock Exchange of the week. In the morning, the decline was more than one percent, but with the rise in oil prices, the main index recovered at the time of closing.

When the trading day ended, the Oslo Stock Exchange was down 0.47 percent. Meanwhile, the price of oil is still high and at 4.30pm a barrel of Brent spot oil from the North Sea is trading at more than $94.5.

The avalanche continues

For newcomer Vår Energi, the trading day was fun, and after closing time, the stock is up more than six percent. This happens after both Øystein Stray Spetalen and John Fredriksen appeared In the lists of contributors published.

Dry shipping company Belships’ share rose more than 2% Monday, after one Powerful Performance Improvement in the fourth quarter.

Worse still for mobile operator Ice, which is down about 22 percent on Monday. That comes on top of a price crash of up to 62 percent on Friday, following the acquisition announcement from Lacey.

Hydrogen slumped more than five per cent after CEO John Andre Lokke dumped shares for nearly NOK 13 million ahead of the weekend.

Expected height

Ahead of the stock market opening on Monday, NordNet analyst Roger Bernsen predicted that the main index would rise by 0.2 percent, despite the stock market slump in Asia, significant geopolitical uncertainty, and that the three major indexes in the United States fell nearly 1 percent in average. Friday.

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Asian investors sent bourses in the region lower on Monday, so there is little momentum to get from there today. Everyone is now waiting for new signals regarding the geopolitical crisis in Europe. The big question, Berntsen said, is whether or not Russia will invade Ukraine.

Warnings from the West, led by the United States, became more acute over the weekend, and according to several American media outlets, Vladimir Putin had already ordered the Russian defense to invade Ukraine.

However, diplomatic efforts are continuing, and according to the White House, Biden and Putin have agreed “in principle” to meet to try to find a solution to the conflict.

However, in the afternoon news surfaced that Russian President Vladimir Putin believes his country is facing one A “serious and dangerous threat” in Ukraine.

“Using Ukraine as an instrument of confrontation with our country poses a very serious and dangerous threat to us,” Putin said when he convened the Russian Security Council meeting shortly on Monday afternoon.

And although Putin stressed that Moscow’s top priority “is not confrontation, but security”, the Moscow Stock Exchange fell sharply after the meeting.(Terms)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.