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The uncertainty surrounding the greatest impact of the coronavirus on the world contributes to a lead-laden afternoon on the world’s stock exchanges.
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It was another heavy day on the Oslo Stock Exchange on Wednesday after the mood turned sour all afternoon.
The leading index fell as much as 3.19 percent to 799.68 points. Thus, the Main Index is below 800 points for the first time since June 30.
So far this week, the index has fallen 6.89 percent.
Stock exchange locomotives DNB and Equinor contributed the most to Wednesday’s slowdown. The two shares fell 4.28 and 2.70 percent, respectively.
Oil prices have also fallen sharply throughout the day. At the end of the trading day, the price of oil fell 4.30 percent to $ 38.94 a barrel.
The decline comes as more countries report increased transmission of the virus and introduce stricter restrictions. DNB Markets writes in a comment on the stock exchange that many players are also now on the sidelines awaiting the US presidential election.
Resultstrush
Today’s results on the Oslo Stock Exchange follow a highly successful morning, where Aker Solutions, Kvaerner and Bank Norwegian were among the reporting providers. Schibsted also provided new figures.
Shares of the companies ended abruptly: Aker Solutions fell 4.55 percent, while Kvaerner closed 1.56 percent lower. At the same time, Bank Norwegian fell 6.12%. Schibsted A-share, on the other hand, closed down 2.58 percent after a positive start to the day.
The list of newcomers to the market Merkur continues to grow with newcomer Kalera. The American salad producer was on the list when Børsen opened at 9 o’clock and, among others, added Stein Erik Hagen as an investor.
The new stock got off to a strong start to the life of the stock market with a 26.67 percent drop on Wednesday. This from the level of quotation of the shares in the gray market the day before.
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In much of the world, stock markets are headed down on Wednesday afternoon.
On the European stock exchanges, the situation is worse in Frankfurt and Paris, where the indices are pointing down more than four percent. In London, the drop is somewhat smaller and the well-known FTSE 100 index is down around three percent.
Events on Wall Street are not particularly joyous six days before the presidential election, either. The broad S&P 500 Index is down 2.76 percent as of this writing.
Microsoft is one of the biggest contributors to Wall Street’s decline, down about four percent. This despite the fact that the company on Tuesday night was able to point to strong growth in the previous quarter.
The steep Wall Street crash is also characterized by the fact that the country’s politicians have been unable to agree on a crisis package.
