Oslo Stock Exchange: fishing pleasure and PGS race



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Oslo Børs closed a strong month with a rise. In July, the main index rose 2.0%.

Tuesday's rise was 0.6% to 896.40, while revenues reached 5.7 billion.

Shortly before the end of the stock market, Bloomberg said that the United States to resume trade negotiations with China. The news agency refers to two sources. The Stock Exchange reacted positively to messages

Oil prices

Oil prices fall Tuesday afternoon. Brent oil is down 1.2% to 74.68 dollars, while WTI oil drops 1.8% to 68.88 dollars.

By comparison, a barrel of oil from the North Sea was traded for $ 74.88 on the Oslo Stock Exchange on Monday

Equinor Heavy Index rose 1.9 percent to $ 216.60.

PGS

PGS was the most concentrated on the stock market on Tuesday.

Investment company controlled by Johan H. Andresen Ferd intends to sell up to 20 million shares in Petroleum Geo-Services, which equates to approximately 5.9 percent of the shares outstanding, according to a stock market announcement on Monday afternoon

The price was 40 kroner and Ferd was to give a 6, 8 percent discount to get rid of shares Monday night.

PGS was punished with a fall of 7.2 percent to 39.83 crowns.

Aker BP

Tuesday, we learn that Aker BP buys a license portfolio of 11 licenses to Total for $ 205 million, or about $ 1.67 billion. 19659002] The portfolio includes four discoveries with net recoverable resources of 83 million barrels of oil equivalents.

Aker BP contributed 2.2% to $ 291.60

DNO

DNB Markets updates its recommendation of DNO shares to the team's purchase and in same time adjusts the price target to 18.4 NOK per share of 16.3 NOK per share

The price target is therefore 15 percent above the closing price on Monday of 16 NOK.

The stock ended up 8.0% to 17.28 crowns. The turnover was NOK 271 million

Fiskelykke

Kepler Cheuvreux updated Tuesday's recommendations on Marine Harvest, Lerøy Seafood, Norway Royal Salmon and Grieg Seafood for the purchase of teams . In addition, the share of Salmar is improved for the teams of reductions, writes TDN Direkt.

– We are taking more salmon shares in the purchase. We continue to suspend Salmar because we think it sounds expensive, but otherwise we have a very positive view of the sector, says analyst Christian Olsen Nordby in Kepler Cheuvreux.

According to Olsen Nordby, the main objective is an attractive image on both maps and long-term

The sector has made it strong. Marine Harvest and Salmar increased by 2.7 and 6.0% respectively. Austevoll and Lerøy ended in 6.6 and 5.9%.

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