[ad_1]
The Oslo Stock Exchange fluctuates between lower and higher on Thursday morning after falling in the US and Asia. Norwegian Finans Holding rises more than 20 percent after an offer announced by the company.
OIL PRICE RISE: Oil prices will rise on Thursday morning.
Erik johansen
The Oslo Stock Exchange has been in both the red and red for the first meager hour of trading. Just after 10 o’clock, the leading index is up 0.08 percent to 1,031.59 points.
On Wall Street on Wednesday night, the leading indices ended in the red, with the biggest drop on the Nasdaq, which fell 2.70 percent. Asian stock markets continued to decline sharply on Thursday morning and in Europe, stocks are in the red as well.
Raise the consumer loan bank
On Thursday morning, it was announced that Nordax Bank will buy Norwegian Finans Holding, which owns Bank Norwegian. The offer is NOK 95 per share, 16.5% more than Norwegian Finans Holding’s closing price on Wednesday.
Norwegian Finans Holding is up 20.05 percent at a price of NOK 97.90 and is the second most traded on Thursday morning.
Bank Norwegian’s largest owners include Cidron Xingu Limited, a company controlled by Nordic Capital and Sampo, which previously bought Norwegian airline shares in the bank, and Folketrygdfondet.
Oil prices are rising
Enter trades more after one hour of trading with an increase of 0.39 percent. At ten o’clock, 1.34 million shares were traded in the stock. The transaction was carried out at a price of NOK 181.50 and the total value of the transaction is NOK 243.89 million.
Prior to the open, Seadrill (up 3.17%), Huddly (down 2.07%) and Shelf Drilling (down 4.57%) provided earnings reports .
Seadrill, the platform company controlled by John Fredriksen, saw its revenue drop in the second half of last year. Ultimately, the company lost almost NOK 25 billion.
The price of oil rose 0.41 percent to $ 64.24 a barrel shortly after 10 am. It’s about 80 cents more than when the stock market closed on Wednesday.
