The main index on the Oslo Stock Exchange ended the last trading day of the week with a decline of 0.7 percent from yesterday’s closing price. The Oslo Stock Exchange rose the previous four days and for the week as a whole the main index rose 1.84 per cent.
On Friday, the oil price (Brent) fell around 0.78 percent at the close of trading and traded at 44.74 dollars a barrel. (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 after written permission or as permitted by law. For additional terms look here.
- Friday’s biggest loser is the insurance company Insr Insuranse Group. The company fell as much as 58.41 per cent to NOK 0.94 after Insr Insurance has agreed with Storebrand on a sale of a significant share of its insurance portfolio. This was stated by Insr in a stock exchange announcement on Friday morning. The sale applies to Insr’s Norwegian portfolio. This is a consequence of Finanstilsynet warning Insr in late June that their license could be revoked. According to the announcement, the transfer of the portfolio will mean that Storebrand has both a right and a bond to offer Insr’s customers new insurance. The transfer process will begin before the end of the year, and is expected to be completed by the end of 2021.
- On Thursday night, the seismic company PGS rejected the bid from competitor TGS, which wanted to buy the entire former’s multi-client library for 600 million dollars. This corresponds to around NOK 5.3 billion. On Friday, PGS fell 3.02 percent, and TGS fell 1.37 percent on the stock exchange.
- Today’s winner is the IT company Napatech. The company rose significantly on Thursday, but continued its rise and rose 20.92 percent on Friday. In one year, the share has risen as much as 700 percent. The Danish company reported on Thursday a much higher operating profit in the second quarter compared with the same period the year before.
- The biopharmaceutical company PCI Biotech Holding had an increase of 9.7 per cent on Friday and an increase of 120 per cent last year.
- Friday’s most traded share is Equinor and the company fell 2.4 percent.
- Heavyweight Telenor fell 0.98 percent and Yara fell 0.52 percent.
- Norwegian has a sharp swing on the stock exchange this week after the company has had an entry of a large amount of shares as a result of the debt conversion in the company. On Friday, the company fell 5.23 percent. For the week, the decline is 32 percent.
- Kongsberg Automotive fell 5.26 percent.
July was a historically strong month for Norwegian shopping centers.
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