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The Oslo Stock Exchange was down 0.68 percent to 936.08 points at 11.40. To date, NOK 1.8 billion shares have been traded.
On the European stock exchanges, there is a clear drop before the weekend. From pre-trade, the leading indices on Wall Street fell between 0.4 and 0.6 percent.
Petroleum
At 11:40 a.m., a barrel of fuel oil costs $ 50.06, down 0.7 percent on the day. WTI oil was down 0.6 percent to $ 46.65.
Oil prices have risen recently as a result of positive news about coronavirus vaccines.
“Oil prices are rising in anticipation of the potential FDA approval of the Pfizer vaccine, as well as the fact that catching up on the Asian economy means Chinese and Indian refineries are buying more oil,” he said on Friday to Reuters senior analyst Edward Moya in Oanda.
Equinor is down 1.3 percent to 148.05 kr., while Aker BP it is down 1.1 percent to 217.40 kr.
Winners
DNB Markets has assumed hedging Airthings, where former top mountaineer Aksel Lund Svindal is a key investor. This has resulted in a buy recommendation and a price target of NOK 20.
– This is truly a company that meets all ESG requirements. If Airthings fetches an ESG price, the stock will go like a buck, says analyst Christoffer Wang Bjørnsen.
The stock was up 10.8 percent to NOK 13.70 on Friday.
Pure saga, controlled by Øystein Stray Spetalen, has acquired 21.4 per cent of the share capital of Bergen Carbon Solution. The company is working on developing technology that will convert CO2 into carbon nanofibers (CNF). Saga Pure is up 13.3 percent to 1.87 kr.
Kepler Cheuvreux has raised BW Energy’s target price from NOK 38 to NOK 58. The stock is known as the broker’s favorite stock in the Nordic sector.
“The stock is the one that has performed the best of the oil stocks we track, and with our price target, we believe this will continue into 2021,” the brokerage writes in an update, according to TDN Direkt.
BW energy it rises 4.5 percent to 23.26 kr.
Tapere
Norwegian It has been trading on the Oslo Stock Exchange recently and has been trading for an unusual amount of volume in the stock. On Friday, the share price fell 13.7 percent to NOK 0.80. The share has traded for NOK 640 million, by far the most.
Havila shipments The submarine vessel “Havila Phoenix” has been assigned to DeepOcean since 2013 under a fixed-term contract until May 2023, with extension options. But now the contract is terminated. Havila Shipping weakened 6 percent on the Oslo Stock Exchange to NOK 3.29.
