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The Oslo Stock Exchange rounds off the week at a new record level – E24


There was a good atmosphere on the Oslo Stock Exchange on Friday, with the Main Index setting another final record.

IN PLUS: The main index broke a new record on Friday, despite a marked fall earlier in the week.

Håkon Mosvold Larsen

Published:

The main index ends the day up 1.83 percent to 1,096.96 points. It is a new record.

The previous peak, at 1,092.39 points, was reached earlier this month, on 7 May.

The upswing comes after a day of fresh news about the reopening of Norway.

In the morning, the government announced that a number of facilities will be introduced from next week, while Oslo will open up fitness centers, restaurants and bars.

The news has, among other things, helped to lift the Sats share, which rounds off its best day this year with an increase of 5.44 percent.

The heavyweights on the Oslo Stock Exchange also end with a rise, including Equinor, Mowi, Hydro, DNB and Yara.

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Rise for Fredriksen shipping company

Of individual shares, the John Fredriksen-dominated Flex LNG rose 5.84 per cent after the company presented its quarterly report.

The company reported a profit after tax of $ 47 million in the first quarter of the year, up from minus $ 15 million in the same period last year. Revenue for the first three months of the year was $ 81 million, compared to $ 38 million last year.

The average rate for vessels in the first quarter of the year (TCE) was $ 75,399 per day, up from $ 67,740 in the first quarter of 2020. The Flex LNG board has decided to pay a dividend of $ 0.40 per share to shareholders.

The IT company Techstep also ended down 5.53 percent after the company raised NOK 100 million in a private placement.

Hexagon Composites rose 1.16 percent after the company announced that it was launching a program to buy back shares. The company has been approved to purchase up to 1,000,000 shares under the program, with the purpose of fulfilling the company’s obligations under its incentive programs.

This pulls up the Stock Exchange

In Europe, the largest stock exchanges are largely in the red, and the arrows are pointing upwards in early trading on Wall Street.

– The weekly figures for new unemployment benefit applicants are presented as an explanation for the good mood, Handelsbanken writes.

Fewer Americans than expected applied for unemployment benefits for the first time last week. The figure came in at 444,000, which is the lowest since March 2020, writes CNBC and refers to figures from the US Department of Labor.

The graph below shows how the Main Index has developed over the past year.

The oil price has turned markedly upwards for the day in the afternoon. At the time of writing, one barrel of North Sea oil (burnt) is trading for 66.57 dollars in the spot market – up 2.4 percent since midnight.

On Tuesday, the oil price plunged $ 70 for the first time since March 15, before the price began to fall in line with a broader market turmoil.

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– This is a type of fluctuation you should definitely tolerate. One should also tolerate more

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