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The main index on the Oslo Stock Exchange falls 0.8 percent when open.
US equity markets fell significantly ahead of trading on Friday morning Norwegian time, after news of Trump’s positive corona test broke. Both the president and first lady Melanie Trump tested positive after a close adviser at the White House was able to detect the virus Norway time last night.
The price of oil has also responded very negatively, falling below $ 40 a barrel with a fall of almost three percent.
Several of the heavyweights of the Oslo Stock Exchange fall shortly after the exchange opens:
- Nel falls 2.3 percent
- Equinor falls 1.2 percent
- DNB falls 0.5 percent
Tech group Goodtech is among the few stocks that rose more than 14 percent on Friday. On Thursday, Øystein Stray Spetalen bought 1.6 million shares of the company through Tycoon Industrier.
– I wear a mask when I need it
That’s what Trump said during the presidential debate. You are now infected with corona.
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Empty drops after sell recommendation
The brokerage firm Pareto Securities took over the coverage of the mortgage company Tomra with a sell recommendation and a target price of NOK 285 per share.
Tomra’s stock is up 45 percent on the stock exchange this year and the share price stood at NOK 406 ahead of the exchange opening on Friday. Right after the open, Tomra falls about three percent as one of the most traded stocks.
– It reminds us of what happened to Tomra in 2000, and we wonder if we will see the same thing again, analysts write according to TDN Direkt.
In his opinion, there are more attractive “ecological profiles”, and there will be more in the coming years.
– Therefore, we are struggling to justify the huge valuation premium that exists at the moment, writes the brokerage.
Kahoot tripled his income
Survey and learning company Kahoot presented an update to the market on Friday morning, which showed continued strong growth for the company.
Invoiced sales revenue increased 20 percent measured from the second to third quarters. In 2020, the company now expects to bill revenue of just over 40 million dollars, 375 million crowns.
At the stock market open on Friday, the stock first fell slightly, before rising and, at the time of writing this report, was up 1.3 percent.
Kahoot has more than doubled in value on the stock market so far this year, and investor Jan Haudemann-Andersen is among those who have made big money from rising prices.(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 can only be done with written permission or as permitted by law. For more terms, see here.
