The oil lubricates the exchange – DNO lead the way again – OBI Online

Oslo Stock Exchange opens as expected from the start Friday.

The main index is writing in 612.53, which is 0.48 percent higher than yesterday’s closing.

Shares and ECs are traded 379 million.

the development happens in the wake of a slight upturn in the US yesterday and mixed Asian stock markets before today.

Leading European stock exchanges open fairly flat.

British FTSE 100, German DAX and French CAC 40 are all marginally down, while the Milan stock exchange falling 0.3 percent.

Steady oil prices

oil prices hold buoyant after yesterday’s oil rally in New York.

Brent October oil was marginally down to $ 50.87, but is up from around $ 50.35 a barrel at closing yesterday.

focus on a possible production freeze continues.

– Yesterday’s oil rally was helped in time of further statements by the former OPEC president Chakib Khelil, who believes an agreement on production freeze is on the way because OPEC’s member countries are already producing at record levels, writes IG analyst Angus Nicholson according to CNBC in a note.

Oil Stocks Lead the Way

The impact is relatively modest among the most traded shares on the Oslo Stock Exchange.

Oil prices remain thus open, and this rubs off enough of the oil shares .

DNO follow up yesterday’s rally after the quarterly report to rise new 2.3 percent to 9.60 million.

Statoil rising 1.2 percent to 135.80, the Norwegian 1.4 percent to 115.50 kroner.

PGS stands out positively with an increase of 2.5 percent to 18.41 million, while BW Offshore is up 3.0 percent to 34 cents.

DNB, Telenor, Subsea 7, Norwegian, Bakkafrost, Storebrand and Hydro exceeds all less than the percentage, the former on the highest volume so far.

on the negative side continues several of seafood stocks trend yesterday.

Salmar falling 1.5 percent to 218.40 kroner, while Lerøy Seafood is down 1.7 percent to 344.40 kroner.

Siem-line to the top

in the top of the winners list, we find Siem Offshore, rising 6.0 percent to 2.12 million in rescue plank from banks. The agreement is conditional, however, a restructuring of the company’s two bond issues.

Only stocks that rise more, Bionor Pharma, with a rise of 7.1 per cent 45 cents. The stock corrects thus up again after yesterday’s fall in the wake of the issues.

Philly Shipyard alerts an extraordinary dividend of three dollars per share (approximately 24.40 million). This puts the market price on, sending the stock up 4.3 percent to 145 million.

The relatively biggest loser so far is Seabird Exploration, which is punishable with a price drop of 20.7 percent to 11, 50 million for the current quarterly figures.

Two other current tallfremleggere follows closest.

Good Tech returns 11.7 percent to 8.26 million, while the Oslo Axess-listed Hugo Games is down 9.6 percent to 1.69 million.

We also take another Oslo Axess-share EAM Solar, which pulls down 4.4 percent to 35 million after reversed plus to minus in 2 . quarter. The company who feel defrauded had according to today’s report put down 17 solar power plants in June.