Oslo Stock Exchange ended the week in positive territory. The main index ended at 612.53, up 0.5 percent. The past week has Exchange fell 1.4 percent, while the return since the new year is 0.4 per cent.
It was a quiet day on the stock exchange with a turnover of only 2.7 billion.
Stable oil prices above $ 50
oil prices remain high after Thursday’s oil rally in New York.
Brent October oil is down 0.4 percent to $ 50.69, but is up from around $ 50.35 a barrel at closing yesterday.
the 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 prices rests its biggest rise for a single week since March, after going into a ‘bull’ Market allows, according to TDN Finans.
Statoil gained 0.2 percent to 134.50 kroner, after a stronger rise earlier in the day
DNO were up most of the day, but after a weak final spurt ended the stock down 0.2 percent.
Downturn for several salmon stocks
on the negative side continued several seafood shares the negative trend from yesterday.
Nordea Markets writes in an update that the price of salmon on 6.5 kilograms now has fallen from 60 kroner per kilo to 52 million. Industry People at a seafood trade show in Trondheim confirmed broker house view that we in the short term picture from August to October will get the “perfect storm”, reports Nordea Markets according to TDN Finans.
Salmar fell 2.9 percent to 215.40 million, while Lerøy Seafood was down 0.1 percent to 350 million.
Siem-line step
High on the list of winners, we find Siem Offshore, which went 5.0 percent to 2.10 million in rescue plank from banks. The agreement is conditional, however, a restructuring of the company’s two bond issues.
Bionor rally
Bionor jumped 23.8 per cent to 52 cents. The stock corrected thus up again after yesterday’s fall in the wake of the issues.
Yield Sprinkle
Philly Shipyard alerts an extraordinary dividend of three dollars per share (approximately 24 , 40 million). Shares rose earlier Friday but eventually fell 4.3 percent to 133 million.
Seabird plunging
The relatively biggest loser was Seabird Exploration, which was punished with a price drop of 27.6 percent to 10.50 kroner after the current quarterly figures.
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