On Wednesday, the main index on the Oslo Stock Exchange gained 0.6 percent and ended at 875.94 points. Shares were traded for NOK 3.75 billion.
At the close of trading on Wednesday, a barrel of North Sea oil was traded for 45.30 dollars, up 1.8 percent. Equinor climbed 1.2 percent to 150.30 kroner.
Asetek
Asetek had revenues of 14.1 million dollars in the second quarter of 2020, compared to 17.1 million in the same period a year ago. The bottom line showed a drop from 1.7 to 1.3 million dollars. Even though revenues declined, Asetek has expectations of overall growth in 2020. According to TDN Direkt, Asetek CEO André S. Eriksen describes demand as “crazy”.
– The market is hot now, and there is high demand, Eriksen said during the company’s presentation, according to the news agency.
The share jumped as much as 21.6 percent to NOK 73.90.
Aker Solutions
Aker Solutions fell 6.1 per cent to NOK 18.52 on the news that the company will raise a total of NOK 1 billion for its subsidiaries Aker Offshore Wind Holding and Aker Carbon Capture.
294,117,647 new shares in Aker Carbon Capture will be issued at a price of NOK 1.70 each and 340,136,054 new shares in Aker Offshore Wind at NOK 1.47 each.
Hexagon Composites
In the second quarter of 2020, Hexagon Composites had sales of NOK 682.9 million, compared with NOK 882.1 million a year ago. The net result was minus NOK 77.1 million, against a negative result of NOK 27.3 million the year before. Management points out that profitability weakened as a result of the global pandemic.
On Tuesday, SpareBank 1 Markets downgraded its recommendation on Hexagon Composites from buy to neutral and on Monday, the number crunchers in DNB Markets chose to downgrade their recommendation from buy to sell.
The share fell 1.5 percent to 42.58 kroner.
Pexip Holding
In the second quarter of 2020, Pexip Holding had sales of NOK 163.1 million, compared with NOK 82.2 million at the same time last year. Profit after tax fell from NOK 278,000 plus to NOK 63.6 million minus.
The share gained 1.7 percent and closed at NOK 89.50.
Crayon
On Tuesday morning, Crayon presented its quarterly figures, which sent the share up 17.3 percent to 88 kroner. On Wednesday, the share climbed another 7.5 percent to 94.60 kroner. During the morning, the share was at a record high of NOK 98.70.
Analyst Petter Kongslie in SpareBank 1 Markets repeats his buy recommendation on the share, at the same time as he raises the price target from NOK 70 to 105.
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