–
The Oslo Stock Exchange is following world markets and is catching up with the massive losses since the coronavirus, fears and global restrictions led to the most brutal fall in the stock market since the financial crisis.
The main index on the Oslo Stock Exchange rose 0.77 percent on Friday and passed 942.89 points. It was the final course on February 20 this year. In the two following weeks, the Oslo Stock Exchange fell by more than 30 per cent and fortunes were – if not lost – at least heavily shaved. Over the next six months, fortunes have definitely been created.
Renewable stocks have gone like rockets.
- Since Norway closed down on March 12, for example, the plastics company Quantafuel has risen 360 percent.
- The hydrogen company Nel has risen by around 200 per cent in the same period.
- The smoking companies Aker Carbon Capture and Aker Offshore Wind went public a few months later, but that has not stopped the sharp rise in prices. During three months on the stock exchange, the two companies have risen more than 400 per cent and more than 300 per cent, respectively.
–
Good drive in Adevinta
Most of the big heavyweights are not back where they were before the crash. Equinor and DNB have not recovered. Nor do the defensive companies Telenor and Orkla.
One of the strongest contributors, on the other hand, is the classifieds company Adevinta, which has risen around 30 percent since the crash began. This is now the fourth most valuable company on the Oslo Stock Exchange.
Supernovember
The Oslo Stock Exchange is doing very well during the day. So far in November, the main index has risen above 16 percent. In mid-November, when the main index “only” had risen around 10 percent, pointed out investment director Robert Næss in Nordea that if it stopped there it would be the best month of November ever, as well as the best single month since the 90s.
“In the global markets, we have to go back 40 years to find an equally strong November,” he wrote.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other form of use of all or part of the content, can only take place with written permission or as permitted by law. For additional terms look here.
–
/i/2003991642.png?resize=150%2C150&ssl=1)