arrows point – not unexpected – sharply upwards from the start on the Oslo Stock Exchange Friday.
The main index is 32 minutes trading in 593.23, after rising by 1.2 percent.
Shares and equity certificates are traded for 723 million.
The main index has thus dropped 5.0 percent last month, but increased 3.3 percent so far this year.
Elle Vilt oil rally
trends happening in the wake of a frantic oil rally last night, where WTI oil excelled with an increase of over 10 percent. The recovery continues Friday morning.
Brent October oil rising 0.8 percent to $ 47.92, after standing in around 45 dollars a barrel as stock market closed yesterday.
WTI oil is gaining 0.9 percent $ 42.93 a barrel.
– A short-coverage rally, led by crude oil, lifted commodities across the board. Better GDP than expected figures in the US were the main sparkle, even if force majeure on Shell’s exports from Nigeria enhanced recovery, writes ANZ Reuters in a note Friday.
– The collection of commodity prices looks fragile out, as concerns China’s growth continued to weigh on market activity, it added.
After the stock market upswing across the board in Asia, the leading European bourses opened mixed.
British FTSE 100 rising 0.3 percent, while German DAX and French CAC 40 falls marginally.
Seadrill straight up
Seadrill shows the way with an increase of 10.3 per cent after having risen sharply in New York yesterday.
Statoil rising 3.1 percent to 125.90 kroner, while DNO continues up 6.8 percent to 9.15 million after yesterday’s rally.
The Norwegian climber 5 , 6 percent to 47.11 kroner.
Otherwise in oil adds Subsea 7 wearing 4.4 percent to 68.75 kroner, while PGS advances 4.1 percent to 35.78 kroner. Nor will we forget Fred. Olsen Energy, which pops up 12.6 percent to 40.74 million.
Outside of oil, we note Hydro, which climbs new 3.6 percent to 29.24 million.
BW LPG springing up 3.8 percent to 58.55 kroner after strong quarterly and a surprisingly high yield for the 1st half.
Golden Ocean’s CEO Herman Billung said after yesterday’s quarterly report – very affected by the turbulence in China – that he sees little downside in asset values and believes it’s time to buy.
The share rises new 5.2 percent to 24.50 kroner Friday morning.
It is far between losers, and among the heavyweights we do not find anyone other than Norwegian, Bakkafrost Gjensidige – down 0.4-0.8 percent.
Sunnmøre best
winner list is topped by Havila Shipping and Polarcus. Both rises 15.0 percent – respectively. 6.90 million and 23 cents.
Awilco LNG began trends upwards after the top boss bought his first shares in the wake of quarterly figures yesterday, and development seems to continue today.
The share rises as far as 14.3 percent to 5.99 million.
Deep Sea Supply, with John Fredriksen ownership, put on 14.3 percent to 2.47 million while Dolphin Group – which Finansavisen little while ago were branded as bankruptcy candidate – draws up 11.3 percent to 59 cents.
Oslo Axess-listed Hugo Games are also rising double digit – specifically 13.0 percent to 8.19 million for the current quarterly and notification of share from both chief executive and chairman.
More losers after figures
A short list of topped by NTS, which falls 10, 0 percent to 17.10 kroner.
Virtually follows NRC, one of today’s many tallfremleggere, with a decline of 7.9 percent to 29 million.
Polaris Media punishable by a price drop 5.3 percent to 18 million – also by numbers.
Oil Mosquitoes Noreco continues moreover downturn after yesterday’s quarterly report, by 6.6 percent to 17.10 million.
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