The Oslo Stock Exchange has turned green throughout the day.
At lunchtime, the main index stands at 796.44, up 0.21 per cent, and shares so far have traded for NOK 1.5 billion.
oil prices
Brent oil is up 0.7 percent on Monday morning to $ 40.96 a barrel, while WTI oil climbs 0.9 percent to $ 38.50 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.
Infection rates continue to increase in the United States. Now, California bar doors are also closing to prevent disaster. In total, more than 2.6 million cases of infection have now been detected and just over 128,000 coronary deaths in the country. It is mainly southern and western states such as Texas and Arizona that are experiencing increased infection.
Equinor falling 0.3 per cent to NOK 138.75, while Aker BP falling 0.8 per cent to NOK 178.55. The company has now extended a contract with Aker Solutions.
Ladders
Today’s winner so far is Siem Offshore , which in the 12-hour period is up 12.50 per cent to NOK 0.90. The upturn comes after a sharp rise in oil prices. Towards the end of May, the company announced a refinancing solution.
Nordic Nanovector up 12.4 per cent to NOK 22.80. 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 4.0 per cent to NOK 0.35, while the company’s Merkur Market-listed share rose 9.4 per cent 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.
SeaBird Exploration rising 3.7 per cent to NOK 4.80. The upturn comes after the company announced a new contract in the North Sea in a stock exchange announcement.
breeds
The morning hours were Endowment up 4.48 per cent to NOK 2.80 on Monday, but has turned around at lunchtime and is down 6.7 per cent to NOK 2.50 per share. The analysts have high expectations for the company, and refer to the stock as a potential stock market rocket.
The Boards of Endúr and Oceano announced this weekend that they have now adopted the merger plan between the companies.
Insr Insurance Group received a notification from the Financial Supervisory Authority on Friday afternoon, and the share fell on Monday morning by as much as 22.1 per cent to NOK 2.99.
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 0.4 per cent to NOK 18.63, and is today’s most traded. Norwegian 3.6 per cent will weaken to 2.65 per cent. Aker Solutions is up 1.3 per cent to NOK 8.80.
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