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The main index of the Oslo Stock Exchange closed the day with an increase of 0.33 percent.
The hydrogen company Nel again became the most traded share on the stock market with a drop of around two percent.
The much-talked about Quantafuel, which involves turning plastic waste into new plastic and low-carbon fuel, reversed the decline in recent days and rose 14.3 percent.
The increase came after it emerged that Ferd de Johan H. Andresen had bought the company; in addition, brokerage Pareto Securities raised its target price to NOK 100 per share.
Norwegian TI adventure
Norwegian IT company Nordic Semiconductor, which produces integrated circuits for use in wireless technology, rose just over four percent on Wednesday as the fifth-most-traded stock. So far this year, participation has increased by almost 80 percent.
Private investor Edvin Austbø is among those who can enjoy Nordic Semiconductor’s stock development. He owns 2.7 million shares in the company through Alden as, and with the latest increase he achieved a paper profit of 10 million kroner today.
ABG Sundal Collier analyst Aksel Engebakken is very positive about the stock and has previously called the company a Norwegian IT venture.
Last week, the company announced that it had raised more than 1 billion kroner in a private placement.
– We remain positive and believe that the Nordic countries are starting to charge for the hard work they have done, says Engebakken, noting that the company’s order book increased more than 60 percent in the second quarter compared to the previous quarter from last year.
Internet of things
Engebakken also points out that the company operates within what is called in English “Internet of things” (IoT) or Internet of things in Norwegian, which is the technology that allows objects to collect, record and analyze data and then send it . in the middle over the internet.
– The Internet of Things is a concept and a term that we have heard for a long time. It is a market that has partially materialized, but may not have taken off as was thought ten years ago. Nordic has been a champion and a driving force for this market, the analyst believes.
Now something special is happening in the market, according to Engebakken.
– What we see now is how they get more traction from the IoT market and larger customers see reasons to invest in it, he says, referring to an example with the American transport company FedEx:
– On Monday, FedEx launched a new tracker for its packages. They deliver 15 million packages every day and we believe, with emphasis on believing, that there is a Nordic chip in the new tracker.
Apple is also expected to launch its so-called “airtag” soon, a tracker that you can put in your luggage and track movements using an iPhone. Nordic Semiconductor will be among those competing to offer a special tracking chip for this.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content may only be done with written permission or as permitted by law. For more terms, see here.
