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The main index on the Oslo Stock Exchange rose markedly on Tuesday and ended up 2.5 percent.
Monday night, the oil price rose markedly, and the rise continues on Tuesday. A barrel of North Sea oil burned, used as a reference for oil trading worldwide, is traded for around $ 75. There is a significant rise from the bottom last week, when the oil price at its lowest was 65.75 dollars a barrel.
Several heavyweights rose on the Oslo Stock Exchange on Tuesday afternoon. The oil company Equinor rose over three percent, and became the most traded share on the Stock Exchange. Aker BP, on the other hand, ended up just over four percent, while Yara and Hydro rose just over three percent.
“More comfortable”
Equity strategist Paul Harper in DNB Markets tells TDN Direkt that it seems as if the market has now become more comfortable with the pandemic development. If there is no negative news, he believes in a further rise, but he still believes one must expect fluctuations.
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– We also see the same trend in the rising oil price, which shows that there is a little less concern for demand, Harper says to TDN Direkt.
On Monday, the US stock indices also rose markedly, after reduced concern about the effects of the new omicron variant. Wall Street also rises on Tuesday. Airlines and tourism players were among the American companies that got a boost on Wall Street on Monday.
Kalera among the winners
On the Oslo Stock Exchange, the Norwegian share rose 3.97 per cent, while the SAS share and the Flyr share fell 1.94 and 1.73 per cent, respectively. SAS presented traffic figures earlier Tuesday, which showed that 1.3 million passengers flew with the airline in November.
Among the winners on the Oslo Stock Exchange is the salad producer Kalera, where Stein Erik Hagen is among the largest shareholders, who ended up over eleven percent. Despite the rise, the stock has fallen sharply since the peak in March.
The e-learning company Kahoot is also among the companies that rose sharply on Tuesday, with an increase of close to six percent. (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 use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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