Loss of paper of more than NOK 15 million – E24

The Oslo Stock Exchange opened the day positively and closed 0.81 percent higher at 879.20 points.

For the fourth day in a row, a newcomer will arrive in Børsen on Thursday when the chess company Play Magnus is listed on Merkur Market.

Before listing, the company raised NOK 300 million by issuing new shares at NOK 21 each. Therefore, the company had a market value of close to NOK 1.1 billion before listing.

In the morning, the stock price rose to NOK 24.90, but luck turned for the chess company during the day. At the close of trading, the share was traded for NOK 17.90, 14.76% less than the listed price.

This gives a market value at close of trading of NOK 933 million.

– Milestone in the history of the company

It is the well-known chess player Magnus Carlsen who has given the name to the company. Through the Magnuschess company, he owns 9.5 percent of the shares of Play Magnus together with his father Henrik, according to documents that Play Magnus has published.

At closing time, Carlsen’s shares were worth NOK 88.65 million, giving Carlsen a paper loss of NOK 15.3 million for the day, E24 calculations show.

In early trading, the stock was worth NOK 24, which gave the chess star a paper profit of NOK 15 million.

Earlier this week, VG asked Carlsen what it was like to have a publicly traded company under his own name.

– I have not thought about it much, but it is definitely a milestone in the history of the company, replied the chess star.

He also stated that not Success had been impossible to predict.

– But there has been strong growth, especially in recent years, Carlsen said.

The child gets up after the fall of the number

Of other companies, the interior design chain Kid has released a quarterly update showing that the company had revenue growth of 11.5 percent in the July-September period compared to the same period a year earlier. Online sales increased in the same period by 18.9 percent.

Investors appear to be happy with the numbers and shipped Kid’s stocks early on. The stock closed up 2 percent.

Seismic company TGS also released an update on the morning twig that showed it expects to generate net sales after reporting segments of around $ 81 million. This is significantly lower than analyst estimates of $ 101 million.

Following the news, TGS stock entered the current losers list down 3.49 percent.

Equinor was the one that traded the most at closing time with an increase of 0.79 percent. Nel followed and was up 4.95 percent, while Mowi was up 2.43 percent.

Rec Silicon was today’s winner with an increase of 16.71 percent, and was also among the most traded today.

It mixed with Asian stock markets on Thursday morning. The European stock exchanges and Wall Street rise at the closing time of the Oslo Stock Exchange.

The price of oil has risen throughout the day, rising 2.21 percent to $ 43.08 a barrel when the stock market closes.