Decline in the Oslo Stock Exchange from the beginning

The Oslo Stock Exchange opened the week down 1.6 percent, but has offset part of the drop a quarter of an hour after opening at 1.2 percent.

The stock market is characterized by high infection rates and tighter restrictions in European countries that affect short-term investors, Nordnet analyst Roger Berntsen notes in his morning report ahead of the stock market opening.

In the United States, a $ 900 billion crisis package was agreed on Sunday.

That said, the stimulus package, which should have been in place a long time ago, could already be on the market, Berntsen writes.

Sharp drop in oil prices

It was mixed in the Asian stock markets on Monday morning, while the Wall Street indices ended with a slide on Friday night. In Asian stock markets, there was a particular drop in energy values.

Oil prices have fallen dramatically overnight. The drop comes after a new variant of the coronavirus spread in the UK. The new travel restrictions also contribute to fears of slower economic development, writes Reuters.

North Sea oil fell 3.40 percent to $ 50.54 a barrel shortly after the stock market opened. That’s about $ 1.50 less than when the Oslo Stock Exchange closed on Friday.

Røkke company rise

Kjell Inge Røkke’s Aker Carbon Capture is one of the stock market winners in early trading and is up 7.7 percent shortly after opening.

Kahoot traded the most from the outset and was up 2 percent but has slowed the rally a bit to 1.45 percent after a few minutes of trading. Before the opening of the stock exchange, the company announced that Japanese Softbank would further acquire the Norwegian company. Softbank buys 12 million shares for a total of NOK 948 million of the Northzone investment fund.

Equinor is down 1.30 percent and Mowi is down 1.12 percent as next on the top-traded list.

Norwegian is up about 7 percent after a few minutes of trading, following a drop of roughly the same size at the beginning of the stock.