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The Oslo Stock Exchange has never had multiple trades on one stock in one day. – Norwegian is the all-time favorite shop in Børsen.
NEAR KONK: Crisis-stricken Norwegian has received a respite from creditors in Ireland and Norway. But on the Stock Market, stock trading is like hot cakes.
Stian Lysberg Solum
– The Norwegian stock set a new trading record yesterday. Never before have so many transactions been made on the Oslo Stock Exchange in a single share during a trading day, says communications manager Geir Harald Aase at the Oslo Stock Exchange in an email sent to E24.
The number of deals reached an all-time high of 103,757 in the Norwegian share on Thursday, up from a previous May high of 78,657 deals in the same share.
– Norwegian is the all-time favorite trade in Børsen. No one is top or bottom on the list of stocks with the most trades, says communications manager Geir Harald Aase at the Oslo Stock Exchange.
Read on E24 +
Norwegian is what in the old days was called “conk”, and that’s how it is sung
Equinor holds the record for crowns
This is not the first time Norwegian has set this record. A look at the list of the most traded stocks shows that Norwegian already tops the list, with the stock also ranking second, third and fourth.
Finansavisen first covered the case.
Also on Friday, investors are very interested in Norwegian. At 2:40 p.m., the number hits 64,000, which also ranks high on the top list.
The turnover is also high in crowns. On Friday, the turnover increased by billions, after investors traded shares for NOK 1.78 billion in Norwegian on Thursday.
But at this point, Equinor still holds the record. When the financial crisis escalated in December 2007, Equinor’s stock traded for more than NOK 16 billion in one day.
Norwegian has long been very popular with small shareholders, and on the Nordnet online broker there are now 31,520 Norwegian customers owning the aircraft stake, compared to 11,000 customers at the beginning of 2020.
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Long-term Norwegian shareholders need 4,600 percent to reach zero for the year
Fighting to avoid bankruptcy
At the same time, the airline’s values have been erased and long-term Norwegian shareholders need a 4,600 percent increase to reach zero for the year.
Norwegian is fighting to avoid bankruptcy after passenger numbers have failed as a result of travel restrictions during the pandemic, a crisis that affects all of aviation.
The airline has received bankruptcy protection for several subsidiaries and the parent company in Ireland, as well as being in a similar process in Norway.
This gives Norwegian several months’ reprieve to sew the rescue package, but does not guarantee that the company will survive.
Already this week there is a new encounter of destiny. On Monday, shareholders will take one position on the airline’s sketch for the rescue plan, the other in just over six months.
It means that investors will inject up to $ 4 billion of capital, while creditors will turn the debt back into equity.
This process usually means that current shares become of little value, because the number of shares increases dramatically when new capital comes in and the debt is converted into shares.
