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Oslo Børs continues its momentum on Monday at lunchtime.
At 12:05, the main index is 847.69, up 1.27%.
Shares and stock certificates were traded for NOK 1 297 million.
With the weakening of last week, equities have now fallen to their levels in early October and, in addition, the Oslo Stock Exchange has fallen more than 10% from the peak.
He writes Leif-Rune Rein Rein Husebye, the main strategy of Nordea.
"So, the correction we expect is more about the previous nine" corrections "of this rising market, because we now have the" regular "double bottom of the market," writes Husebye Rein.
oil prices
The barrel of brent increases by 2.04% to 60.01 dollars, while WTI oil increases by 1.27% to 51.06 dollars.
In comparison, a barrel of oil from the North Sea was traded Friday for a $ 59.21 bar on the Oslo Stock Exchange.
Analysts point out, according to TDN Direct, that short-term prospects seem "bearish".
"It seems likely that a new period of weakness in the oil market is announcing this week as investors follow talks between Saudi Arabia and Russia at the G20 summit," said ANZ analysts in a customer information published by the news agency.
"However, there is hope that things can stabilize." Khalid al-Falih and Alexander Novak, Minister of Petroleum of Saudi Arabia and Russia, will attend the meeting and will be asked to submit proposals aimed at to put an end to the recent price decline, "added ANZ.
Friday afternoon, oil prices fell sharply and Brent oil was shortly after the closing of the Oslo Stock Exchange, according to TDN Directly quoted at 58.50 dollars a barrel. Analysts believe that 2019 will be a turbulent year for the oil market.
"Questions on the prospect of a slowdown in the global economy as well as an oversupply are expected to increase," according to Fitch Solutions analysts, according to the news agency .
According to analysts, even an expected reduction in offers conducted by Opec after the official meeting of December 6 "may not be enough to counter the downward forces.
Equinor rose 1.88% to 197.65 crowns and Aker BP up 2.77% to 230.00 crowns.
Post offers
DNO reports Monday that they are now submit an offer for all Faroe Petroleum shares.
The offer is 152 pence per share in cash, valuing the company at around 607.9 million pounds, or about 6.7 billion.
DNO already holds 105,247,866 Faeroé shares, which corresponds to 28.22% of the company.
The share of DNO increases of 3,32% to 13,39 crowns.
Extends agreement on the North Sea
Subsea 7 was received on Monday a three-year extension of an existing framework agreement with seven customers from the North Sea.
The agreement is a preamble to the original Framework Agreement signed in 2009 and last extended in 2016.
The submarine 7 climbs by 3.09% to 88.80 NOK.
ascend
Drilling drilling fell 7.14 percent to 26.0 crowns and a new record low. The share had fallen by 23.70% since the New Year.
On Monday, the Borr stock rose 3.08% to NOK 26.80.
The company announced Friday night that it had bought back 200,000 of its own shares at an average price of 26.77 NOK.
Remove the application
Element's board of directors was informed that PwC withdraws its candidacy for the election of a new auditor in the company.
In addition, it was known before the weekend that Elementary Chief Financial Officer Kim Andre Evensen had decided to embark on new challenges outside the company and that DN could report that President Lars Christian Beitnes had been informed of any claim for damages from the Swedish pension authorities.
Element falls Monday by 2.52% to NOK 1.16 on Oslo Børs.
Winners and losers
One of the most traded stocks is the green color that dominates.
Telenor strengthens 0.98%. The duo with Yara and Marine Harvest increases by 2.34% and 0.38%, while DNB is up 1.80%.
The exceptions among the heavyweights are SalMar and Lerøy, which fall by 0.43 and 1.21%, while the Schibsted A share decreases by 0.07%.
Nordic Nanovector trades for 18 million crowns and is abnormally high on the list of volumes. It increases by 5.68% to 82.80 NOK.
Today's biggest winner at the Oslo Stock Exchange is Avocet Mining, up 19.60%, while Philly Shipyard is currently weighing down the list of losers with a 12.83% drop.
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