The main index ended at 609.64 Thursday after rising by 0.44 percent.
Shares and equity certificates traded 2.978 million.
The main index is thus down 0, 1 percent so far this year, while the decline is 0.5 percent over the last 12 months.
Fish Analyst at Nordea Markets, Allison Giskeødegård, today’s guest in Economy News on HegnarTV.
Wall Street opened quietly after job figures encouraged bit and the key industry index Philly Fed rose as expected.
Leading European exchanges ended in plus.
British FTSE 100 rose 0.1 percent, the German DAX 0.6 percent, French CAC 40 and 0.4 per Milan Stock exchange 0.9 percent
Clean Divide the Fed
Investors digests yesterday’s report from the July meeting of the Federal Reserve.
the minutes revealed a split interest Committee on the question of how soon the next rate hike should come.
– No news is good news . Little clarity in the timing of the next rate hike at the July meeting have triggered bond rally, dollar falls and a greater risk appetite, says chief strategist for US interest rates, SUBADDRESS Rajappa, with Societe Generale said.
DNB Markets writes in today’s macroeconomic report that is “wait and see” inch thread that dominate proceedings in the FOMC (Federal Open Market committers), and that the more than in previous years with conditions outside the United States.
– Committee seem to soothe the limited reactions in the market after Brexit, but expressed concern about the state of health of European banks, China’s exchange rate policy and the outlook for world economic growth more generally. The Committee had also, not surprisingly, noted the upswing in US job growth. This, and less anxiety after Brexit, had reduced the short-term risk compared with June meeting, noting brokerage.
– The Committee (members) agreed that the moderate economic growth would continue, and so gradually absorb remaining slack . Inflation would remain low in the short term, but most (most) thought it would reach 2.0 per cent in the medium term, it added.
Brent oil in the $ 50
oil prices are on the offensive.
Brent October oil stands Thursday afternoon in $ 50.37 a barrel, up one percent in today’s trading, up from around $ 49 a barrel since the Oslo stock Exchange closed yesterday.
WTI oil rising 1.9 percent to $ 47.67 a barrel.
Brent oil has today passed $ 50 for the first time in six weeks. That several OPEC members to have informal discussions about the production freeze at the International Energy Forum in Algeria about a month, continues to affect the trade.
– We are increasingly skeptical that new talks between OPEC and other major manufacturers will lead to an agreement. Prices are only marginally above the levels when the parties met in Doha in April and failed to agree, write analysts at ANZ in a note according to the news agency.
Yesterday’s stock figures from the US showed a fall in gasoline inventories and gave support to recovery.
– Inventory figures for gasoline will go far toward allay fears of a supply surplus. But one week’s figures does not establish a trend, says chief strategist for commodities in TD Securities in Toronto, Bart Melek, The Wall Street Journal.
DNO asserted himself
On the Oslo Stock Exchange rose Statoil 1.7 percent to 134.20 kroner.
Otherwise, the oil was DNO one of today’s many tallfremleggere, and the reward was an increase of 4.6 percent to 9.38 million. The company now seeing a boost in investment next year. Analyst Kjetil Bakken Carnegie estimates opposite TDN Finans chances as affordable for DNO reaches with its Gulf Keystone bid.
On the positive side, we note also BW Offshore, which climbed 22.2 percent to 33 ear after ABG Sundal Collier has upgraded the stock from hold to buy with target price 40 cents.
Link Mobility rose 8.2 percent to 112 kroner after their numbers.
Yara, Telenor, Hydro and Subsea climbed all around percentage.
Fell in fish after number
On the negative side dominated the seafood sector, where a number of companies presented its quarterly figures.
John Fredriksen dominated Marine Harvest did not meet the bottom line, but convinced the operation. The stock fell 3.0 percent to 127.80 kroner at today’s highest volume.
Lerøy Seafood delivered record numbers, but did not reach up to expectations. The stock ended down 4.0 percent to 350.40 kroner.
Austevoll Seafood served over half a billion in Q2, but also sees red by 4.9 percent to 62.75 crowns.
Grieg Seafood did not escape the red, although the company earned over 100 million more than expected. The decline was of 4.0 percent to 49.90 crowns.
Salmar and Bakkafrost followed sector down, falling respectively. 0.8 percent to 221.80 crowns and one percent to 292.90 kroner.
Salmon shares went earlier this week on a hit by a negative analysis of today’s TV guest, Nordea Markets analyst Allison Giskeødegård.
All current quarterly figures can be found here.
These rose the most
in relative terms rose two shares double digits, in addition to said BW offshore.
Itera ended up 12.7 percent to 4.00 million, while Mercury Market-listed Atlantic Lumpus climbed 14.7 percent to 25.80 crowns.
Note that the latter was very thinly traded, with only two trades.
Seabird Exploration and Oslo Axess-listed Badger Explorer marked with upturns respectively. 6.6 percent to 14.50 kroner and 7.8 percent to 1.53 million.
Fredriksen to the bottom
At the other end, we find John Fredriksen dominated Deep Sea Supply, thundered down 27.8 percent to 1.61 million after profit bang in Q2.
Almost followed another figure presents. Q-Free delivered weaker and fell 23.0 percent to 7.85 million.
Another five shares falling double digits, including Standard Drilling, with Øystein Stray Spetalen and Arne Fredly owners. The stock fell 15.0 percent to 1.25 million. The company announced last Friday its entry into the wounded supply sector.
EMGS fell 16.0 percent to 5.50 million after halved the deficit, and we also Bionor Pharma, which plunged 19.2 per cent to 42 ear having collected 105 million in new issues.
We finally with Navamedic`s, who also lost money in Q2 and ended down 9.9 percent to 10.90 crowns.
We do note that Periscopus by Trygve OBI owns four million shares, representing a stake of 0.9 percent in Marine Harvest.
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