Tuesday, March 31, 2015

Exchange ladders – DNO sees red – HegnarOnline

The arrows pointing upward in early trading on the Oslo Stock Exchange.

The main index is writing in 623.11, after rising by 0.6 percent.

Shares and equity certificates are traded for 332 million.

The main index is thus up 1.1 percent last month, while it has risen 8.1 percent so far this year.

devel happens in the wake of rise in New York yesterday and mostly rising stock exchanges in Asia earlier today.

Read also: China shares up 16 percent

Fear Iranian oil shock
Oil prices fall Tuesday morning.

Brent May oil pulls down 0.8 percent to $ 55.86 a barrel, while WTI oil goes back 1.5 percent to $ 47.97 a barrel.

The so-called 5 + 1 group (the US, UK, France, Germany, Russia and China) negotiations with Iran about its nuclear program is at a critical phase, as the deadline for achieve consensus approaches.

The deadline to agree on a political framework for a final agreement is by parties sat until midnight Tuesday. 5 + 1 group will exchange a guarantee Iran’s peaceful intentions towards a gradual easing of sanctions.

If Iranian oil dropped back on the market, is expected to provide a powerful downward pressure on oil prices.

– Iran has built up substantial oil stocks and can immediately increase exports if sanctions are repealed, writes analysts ANZ Reuters in a note.

Shipping sources informs news agency that Iran save at least 30 million barrels of oil on its fleet of supertankers.

On the Oslo Stock Exchange rises Statoil one percent to 144.40 dollars.

Read also: – Iran deal could easily push oil prices down in 20 dollar

DNO fall in Yemen arrest
The impact among individual stocks are generally modest.

DNO excels most, but is on the negative side. The decline is 2.9 percent to 10.83 kroner after today’s announcement that full production shutdown in Yemen due to the deteriorating security situation in the country.

John Fredriksen duo Seadrill and Frontline pulls down respectively. 0.5 percent to 76.70 kroner and 2.7 percent to 18 million.

heavyweights going up primarily RCCL and Yara – up respectively. 1.2 percent to 647.50 kroner and 1.1 percent to 420.10 dollars.

REC put on 1.3 percent to 47.80 dollars.

Salmon pops to the top
winners topped by Scottish Salmon Company, rising 8.8 percent to 4.46 million.

Closest follows Northern Offshore, which rises 5.3 percent to 2.00 million. John Fredriksen company has been deferred delivery of jackup rigs “Energy Engage” and “Energy Encounter” from the shipyard in China.

We take that Oslo Axess-listed Cecon is up 5.3 percent to 20 ear, while Apptix put on 4.6 percent to 1.83 million.

Taper list is topped by another Oslo Axess company. The marginal share RomReal falling 10.5 percent to 1.70 million.

Almost we find Odfjell Drilling, which pulls down 4.4 percent to 6.50 million. Songa Offshore follows not far behind with a decline of 3.4 percent to 1.42 million.

Finally, we mention that Agasti goes back 4.3 percent to 90 cents.

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