Oslo Stock Exchange continued the good mood from morning through the day Friday.
The main index ended at 623.82, up 1.33 percent.
Shares and equity certificates traded for approximately 4.76 billion.
The main index rose 7.69 percent last month, while it is up 8.29 percent so far this year.
– Everything I see is euphoria
trends occurred in the wake of the rally on Wall Street yesterday and in Asia bourses earlier today.
The rally linked to statements from Governor Mario Draghi in the aftermath that the European Central Bank (ECB) kept its key rate unchanged at this week’s meeting.
Draghi let yesterday did not hide that he is willing to take all the funds used to accelerate growth in the eurozone.
– All I see this morning’s euphoria, after Mario Draghi and his elves in ECB in practice confirmed that they will come with an early Christmas present to the European economy on December 3. Draghi gift is a global gift, writes IG strategist Evan Lucas according to CNBC in a note early Friday.
– The expectation now is that Draghi will announce a prolonged (perhaps even non-defined) of bond purchases program, probably far in 2017, he adds.
Europe
European bourses draws Wednesday afternoon wide upward. DAX in Frankfurt rising 2.89 percent, the FTSE 100 in London is up 1.13 percent, while the CAC 40 in Paris rising 2.52 percent.
It happens partly as a result of interest rate cuts in China.
China cut the country’s one-year deposit and lending rates by 0.25 percentage points to 4.35 per cent with effect from 24 October.
In addition, cuts China all banks’ reserve requirement ratio by 0.5 percentage points . For some institutions cut the rate by a further 0.5 percentage points.
Oil prices turned down
Oil prices have during the day turned from plus one percent to minus one percent.
Brent December oil falls by close of trading with 1.00 percent to $ 47.60 in today’s trading, after the front contract was traded around $ 48.30 a barrel at closing in Oslo yesterday.
In the oil sector rose Statoil 0.49 percent to 143.70 kroner, while DNO ended flat at 8.90 million of received KRG payments.
Cool Gjensidige rally
Gjensidige dominated among the heavyweights Friday and rose 12.28 percent to 128 kroner at high volume.
The reason today’s interim report, which the company could report a record profit of disaster insurance. The bottom line dwindled dog in 40 percent.
Another figure presents, TGS, perform well in time of crisis, and delivered better than expected in Q3.
The stock was up 4.52 percent to 166.50 kroner.
Impairments burdened PGS accounts, but the market still sent the stock up 4.28 percent to 36.08 kroner.
Among other positive heavyweights we highlight Telenor plus 2.32 percent to 171.70 kroner, while Subsea 7, Marine Harvest, Orkla and Schibsted A gained 1.3 percent.
Dolphin-ras
Fred. Olsen Energy plunged over 13 percent yesterday after notification billion claim from the Hyundai shipyard.
The stock was currently up 0.51 percent to 43.22 kroner.
Dolphin Group was punished with a fall in violent 40.74 percent to 32 cents after notice of termination for Sanco Swift and Sanco Sword.
Norwegian fell 3.80 percent to 308.50 kroner in the wake of yesterday’s quarterly and Dreamliner purchase . The company told today that the agreement with the Swedish state is extended by one year.
DNB continued downturn after figures yesterday. Citi and Bank of America have both reacted by downgrading the stock, which fell 0.54 percent to 109.50 kroner – the stock was number two on the sales list.
Bergen Group
Bergen Group ASA is about to finalize a strategic and operational clearing process that will contribute to future growth and continued profitability of the Group’s remaining operations, goes forward to a press release Friday.
– We’ve been through some very demanding, but wholly necessary changes that have both including divestments and bankruptcy in subsidiaries. This has also happened in a period of decline in activity in large parts of the offshore-related industry, which caused us some extra challenges, says CEO Hans Petter Eikeland.
– Now we see the outlines of a future that makes it possible to think growth based on profitable conditions, he said.
The stock rose today most of all, with nothing less than 68.83 percent to 1.30 million. Turnover was however not all the world with just over 1.2 million.
Winners and Losers
Relatively speaking comes Tide almost said Bergen Group on the winners, gaining at 14.04 percent to 20.30 kroner on thin volume.
Oslo Axess-listed Nordic Mining drew up 9.84 percent to 67 cents, while PCI Biotec rose 11.75 percent to 5.99 million .
At the other end lay GC Rieber Shipping closest mentioned Dolphin Group – down 15.25 percent to 11.95 kroner.
Zoncolan fell 13.46 percent to 45 cents, Supply shipping company DOF went back 11.67 percent to 5.30 million, while Reach Subsea pulled down 13.18 percent to 1.91 million.
RCCL Century
3 . quarter 2015 received Royal Caribbean Cruise Lines (RCCL) an adjusted profit of $ 2.84 per share.
According to TDN Finans had the lead ahead guided a profit of around $ 2.70 per share.
RCCL takes a provision of Pullmantur on $ 399.3 million
Furthermore, it has been known that lead initiate a share buyback program where RCCL will buy own shares for $ 500 million.
On the Oslo Stock Exchange stock rose today 6.13 percent to 822 kroner. Today’s highest price was at 829.50 million, which is all-time high intraday.
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