Little Christmas seems to end with a slight increase on the Oslo Stock Exchange.
The main index is writing in 580.76, up 0.1 percent.
The volume is not the greatest.
Shares and equity certificates are traded for 1.537 million.
The main index is thus down 4.4 percent last month but up 5.7 percent so far in 2014 .
The development occurs in the wake of new records in New York yesterday and mixed Asian exchanges earlier today.
On the leading European bourses continue Christmas rally for the sixth day in a row.
British FTSE 100 rising 0.4 percent, German DAX 0.3 percent, while French CAC 40 is up 0.7 percent.
Christmas Peace in oil and rubles
Investors mobiles slightly for the Greek presidential elections and the fall in prices of iron for construction in China – a sign of weaker property investments.
But the atmosphere has thus still been good the last few days since Christmas peace seems to have settled over the oil price and the ruble. And in the afternoon it can be even better, with a handful of key figures from the United States.
Highlights revised GDP for Q3, orders for durables and new-housing.
– VI will probably see some impressive US figures today. This will be the first time since 2003 that we get to see two consecutive quarters of GDP growth above 4.0 percent, writes BNP Paribas analysts told Reuters in a customer note.
The expectations of strong US figures give Also supporting oil prices.
Brent February oil rises 1.2 percent to $ 60.80, while WTI oil pulls up 1.3 percent to $ 55.99 a barrel.
– With a US economy that picks up, we expect that the figures are good. New orders for durables paints a picture of a strong industrial sector, which implies a higher industrial use of crude oil, writes brokerage Phillips Futures according to news agency in a note.
Statoil sells shale oil
The Oslo Stock Exchange falls Statoil 0.6 percent to 132.60 million after the company has sold some of Marcellus field in the United States.
Oil giant has sold down from 29 to 23 percent in the southern part of shale oil field, and the buyer Southwestern Energy scroll up $ 394 million, equivalent to approximately 3 billion.
Price is according to Reuters in line with Southwestern Energy paid in October, when Chesapeake got nearly 5 billion dollars for an even larger area of Marcellus.
– Getting Statoil same price per acrage for its entire interest in the Marcellus, it’s a very, very good price, says ABG Sundal Collier analyst John Olaisen news agency.
He estimates to Reuters that proceeds from the sale amounts to approximately one penny per share.
– This helps them keep yield a quarter, but nothing much more than it says Olaisen.
The news agency also recalls Standard & amp; Poor’s late Monday night Norwegian time lowered their expectations for oil companies Total and Shell to “negative”, referring to the dramatic decline in expectations of future oil prices.
Otherwise oil falls DNO 2.2 percent to 16, 40 million, while the Norwegian rising 2.8 percent to 39.96 dollars.
Seadrill excellent themselves
The effects are generally small among OBX shares.
Seadrill excels positively with an increase of 2.5 percent to 89.75 million, even after SEB has cut price target from 95 to 80 million.
Analysts believe according TDN Finans that rates will be under pressure and has a “best case” -anslag for advanced ultra deepwater rates of $ 350,000 per day for 2015.
The pressure comes as a result of further oversupply of units in the market because oil companies brakes exploration and development investments.
Most dots are oil and we also take with Subsea 7 and TGS, which rises respectively. 1.9 percent to 79.85 kroner and 2.5 percent to 164.20 dollars.
On the negative side we find Storebrand and RCCL, which fall 1.3-1.4 percent respectively. 29.65 and 598 respectively. The latter is still one of the year’s best shares on the stock exchange, after an increase of over 100 percent.
Hydro, DNB, Telenor and Schibsted also fall, but all far less than the percentage. DNB fall after Handelsbanken according TDN and Bloomberg downgrading recommendation from Accumulate to try reducing.
Golden Ocean is otherwise OBX stock struggling the most, falling 5.1 percent to 5.10 million.
Frontline slam
Relatively speaking falls Zoncolan most: 49.5 percent to 50 cents.
Two Oslo Axess shares also fall double digits. Cecon with 15 percent 17 cents and NattoPharma by 10.7 percent to 10 million.
We do not forget Frontline, which slams down 7.8 percent to 17.80 dollars.
Despite an upswing in recent weeks, the stock is still down over 24 percent this year.
Salmon Festival continues
winners topped by Eitzen Chemical , which rises 147.3 percent to 4.65 million after a refinancing is in port. Company creditors have converted debt into shares and taken over 98 percent of the shares.
Norway Royal Salmon continues recovery, and rising 14.0 percent to 67 million. The company was the big winner in the spring distribution of so-called “green” concessions, and was accepted at 12 of a total of 45 licenses.
While one of the licenses were secured at auction with a bid of 56 million, getting Norway Royal Salmon purchase remaining of state for ten million apiece.
This gift package from the government, according to Nordea Markets worth nearly 300 million gain after tax, Finance writes newspaper Tuesday.
Norway Royal Salmon is the current rise up 89 percent in 2014.
We also take with Thinfilm, which climbs 6.8 percent to 4.70 million after having entered into a distribution agreement with Chinese CymMewtrik.
Moreover, African Petroleum up 23.1 percent to 32 cents, after according TDN Finans to have signed a term sheet agreement with a London-based oil and gas company for farm-in in license LB-08 in Liberia, where company owns 100 percent.
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