The Oslo Stock Exchange opened on Monday morning.
After 30 minutes of trading, the main index stands at 794.30, down 0.05 per cent, and shares so far have traded for NOK 468 million.
oil prices
Brent oil is down 1.88 percent to $ 40.25 a barrel Monday morning, while WTI oil is down 1.84 percent to $ 37.78 a barrel.
In comparison, a barrel of North Sea oil was traded for $ 40.74 a barrel at the close of the Oslo Stock Exchange on Friday.
In a number of countries, the number of new cases is now increasing, and more than 10 million are now registered worldwide.
“The second wave of infection is underway, putting an end to the positive sentiment we have seen over the past six to eight weeks,” said economist Howie Lee of OCBC Bank in Singapore, according to TDN Direkt.
AxiCorp chief analyst Stephen Innes, according to the news agency, says increased spread continues to be one of the biggest downside risks, as about 30-50 percent of GDP comes from countries that have had a worsening of cases of infection.
Lee at OCBC believes other factors limiting oil price progress at this stage include weak refinery margins, high oil stocks and resumption of US production.
Equinor falling 0.11 per cent to NOK 139.00, while Aker BP falling 0.56 per cent to NOK 179.00.
Ladders
Nordic Nanovector 15.88 per cent to NOK 23.50. The company was able to report this morning that they have been granted “fast-track” status by the US health authorities for Betalutin.
Kongsberg Automotive (KOA) on Monday morning was up 20.06 percent to NOK 0.40, while the company’s Merkur Market-listed share rose 8.43 percent to NOK 0.15.
KOA announced before the weekend that the business climate has improved and that all factories, except in India, are in operation. This results in lower liquidity requirements than expected, and the company is now fully financed in 2021.
Endúr rose 4.48 per cent to NOK 2.80 on Monday, and has risen well over 300 per cent over the past three months.
The Boards of Endúr and Oceano announced this weekend that they have now adopted the merger plan between the companies.
breeds
Insr Insurance Group received a notification from the Financial Supervisory Authority on Friday afternoon, and the share falls on Monday morning as much as 32.55 per cent to NOK 2.59.
The notice revealed that the Danish Financial Supervisory Authority is considering withdrawing the license because of unresolved risk and control problems in the company.
The most traded shares fall In 0.91 per cent to NOK 18.53, while Norwegian 1.27 per cent decreased to 2.72 per cent. Aker Solutions is down 3.00 per cent to NOK 8.42.
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