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The Oslo Stock Exchange closed Monday up 1.75 percent. This comes after a sharp rise in oil prices.
Just before the close of the stock market, the price of a barrel of North Sea oil was approaching 5 percent at $ 41 a barrel.
However, the big winner was not oil stocks, although Equinor and Aker BP were up close to three percent. However, it was Røkke’s Aker Carbon Capture, listed on Mercury, the clear winner of the stock market.
The price rose more than 51 percent at close of trading after two positive news. This corresponds to an increase in value of just under a billion. The market value of the company is now around NKr 4.5 billion.
- Prime Minister Erna Solberg announced this weekend that the government will set aside two billion crowns for carbon capture and storage in the state budget next year.
- The SEB brokerage house has started hedging Aker Carbon Capture with a clear buy recommendation. “Buy it – buy it if you can,” SEB writes in an update. Aker Carbon Capture is priced at NOK 6.4 at the time of writing, while SEB trades with a target price of NOK 17.5. This means that SEB believes that the price will almost triple in value. SEB writes that the energy transition is a reality and that carbon capture and storage is widely accepted as an important measure to reduce future emissions.
Røkke: – Income differences around the world are a crazy problem
Kjell Inge Røkke is quite clear about who is to blame and who can fix it.
01:16
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ACC’s sister company Aker Offshore Wind rose 10 percent on Monday after announcing a successful installation off the coast of South Korea, which is part of the development of a floating offshore wind farm.
Trump’s impact on the market
Chief Economist Kari Due-Andresen of Handelsbanken Capital Markets hoped before the stock market opened that Donald Trump’s crown disease could affect the markets going forward:
“The unresolved situation around the president’s health could potentially dampen the risk appetite in the market in the near future, but the trading day so far has been marked by optimism about his seemingly good form. In any case , the disease may limit Trump’s opportunities to campaign during the remaining four weeks leading up to the November 3 election, “writes Due-Andresen in his morning report.
On Friday, the mood in the US equity markets was weak and all leading stock indices fell. On Friday night, it was also announced that President Donald Trump was admitted to Walter Reed Hospital.
On Monday, White House Chief of Staff Mark Meadows said he was optimistic that Trump was feeling better early in the morning and that he could possibly be transferred to the White House.
The stock market rally on Monday in Asia and Europe continues in the United States. The major US stock indices were up just under one percent just after the open.
So it was when DN’s trading commentator tested the new trading game
DN stock commentator Bård Bjerkholt is listed on the exchange.
03:08
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Nel’s boom continues
Figures from the online broker Nordnet show that active professional clients, the so-called daytradere, they traded shares for around NOK 7 billion in September. Hydrogen company Nel stands out as by far the most traded stock and accounted for more than 1 billion of turnover in September.
On Monday, Nel was up more than four percent as the top-traded stock on the stock market.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content may only be done with written permission or as permitted by law. For more terms, see here.
