Oslo Stock Exchange falls slightly on Tuesday, in the wake of the new stock exchange records in the United States Monday night.
The time 13:08 is the main index down 0.2 percent to 619.02. It is thus only around 0.9 per cent up to season best of 624.41 and 7.7 percent up to the all time high of 666.68, reached on 16 April 2015.
Crude rises
Oil prices reeling from a weak Monday night. Brent oil traded for $ 47.33, up 2.3 percent. There are about 20 cents higher than when the stock market closed yesterday. The US light crude is up 1.9 percent to $ 45.62 a barrel.
According to TDN Finans, citing Bloomberg, said a director of National Iranian Oil Company that the country would double oil exports while that Libya plans to reopen oil export ports.
Wall Street Journal shows according to news agency for its part, chief analyst Bjarne Schieldrop of SEB as in a note Monday writes that the return of production from Canada and Nigeria, as well as Libya has made the market more bearish.
Statoil is up 0.9 percent to 148.30 million
DNB ras
DNB reported slower top and bottom line than expected.
The Group’s profit for the second quarter of 2016 was 4.569 million. This is a decrease of 512 million compared with the second quarter of 2015.
Before tax profit was 5.311 million, against expected 6.613 million. Same period last year profit was 6.800 million.
Several brokerages believe DNB has put forward a weaker quarterly than driven by weak interest income, type TDN Finans.
Among these is Jan W. Wolter, chief analyst for European banks in Credit Suisse.
He said the interim DNB was consistently weaker than consensus expectations, and that he sees risk further downgrades.
the share fall 7.5 percent to 94.05 kroner in very heavy trading; NOK 940 million.
Opera-ras
Opera Software says that Kunqi is uncertain whether one of the conditions relating to the acquisition offer, if regulatory approval, will be contented within the deadline, which is July 15, based on information available as of today, states a press release of the company.
Opera share is down 7.8 percent to 62.25 crowns.
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Data Respons report an profit of 12.0 million in Q2 2016. the same period last year profit was 9.6 million.
The share rises 1.8 percent to 11.50 million
Hydro on Alcoa counts
Alcoa kicked off earnings season on Wall Street with its figures for the second quarter of 2016.
Aluminium giant delivered revenues of $ 5.3 billion and a profit of $ 0.15 per share, according to CNBC. It was expected EPS of $ 0.09.
Norwegian Hydro rising 2.3 percent to 32.92 million
Norwegian Property
Norwegian Property reports higher rental income, and allows for an amended dividend policy when sales of Skoyen portfolio is in the bag during the autumn.
Norwegian Property report a profit after tax of 288.8 million earned in Q2 2016, compared with 173.9 million the same period last year.
The stock is up 1.2 percent to 9.56 million.
More than half of Spectrum
Spectrum reports that they are expecting net income of about $ 14 million in Q2 2016 . the company had net income of $ 35 million in Q2 2015.
Adm. Director Rune Eng attribute this that some negotiation processes have pulled out, and that early sales were reduced.
The stock is down 2.4 percent to 26 million.
Contract to Aker Solutions
Aker Solutions has been awarded a contact for engineering services in the Nam Con Son basin offshore Vietnam. Respondent’s Idemitsu Oil and Gas.
The contract is included in order intake for Q2. It disclosed no estimated value.
The share rises 1.0 percent to 36.18 crowns.
BW Offshore
BW offshore has plunged 65 percent so far this year, but Tuesday aa big bright spot for shareholders with a rise of 23.5 percent to 21 cents. Trading in the stock is in less than three million crowns.
33 million sending shares down 25 percent
Wilson tops the list of losers with minus 24.8 per cent to 6, 50 million, after a record five shares. The order book testifies large spread, from buyers at 6.92 to sellers at 8.64 million
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