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The stock market rose 1.58 percent after Santa Claus rang the stock market bell on Christmas Eve.
According to tradition, it was Santa Claus who rang the stock market bell on the last trading day before Christmas at the Oslo Stock Exchange.
Ole Berg-Rusten / NTB
The Oslo Stock Exchange closed 1.58 percent higher on Christmas Eve, having risen from the start.
With that, the main index is at 953.65 points, the highest final list in history. Intraday, the index was 953.68 points.
The last record was set on Friday, December 18, when with a final list of 950.50 points. The same day an intraday record was also set with 951.52 points. Therefore, both records were broken today. Before December 18, the previous final record was set on January 17, 2020.
– incomparable
In the last month, the main index has risen 5 percent, and in the last year the increase has been 2.74 percent.
– The year started very abruptly. The first quarter of this year was the worst first quarter in history when you look at the drop in prices. But the recovery we’ve had since then is almost unmatched, Communications Manager Geir Aase at the Oslo Stock Exchange told NTB before the new record was set.
During the year, there is also a massive influx of new companies to Børsen. 54 new companies have been included. Never before has so much new capital been raised from new and existing companies on the Stock Exchange.
– This is the largest influx of startups we’ve had since before the financial crisis of 2008, says Aase.
The stock exchange is now closed on Christmas Eve and the first and second days of Christmas, but is otherwise open on Christmas Eve through New Years Eve.
Oil and Enter up
Small oil company Zenith Energy started and ended its winning trading day after the company announced that it had obtained a 25-year oil license in the Congo before the opening of the stock exchange. The stock ended the day up 91.13 percent, and the price is now at NOK 0.11 per share.
Entra became one of the most traded stocks today after the Swedish SBB announced a new and higher bid for the real estate company. The price rose 3.44 percent at the close and ended with a price of NOK 195.5 per share, NOK 5.5 more than SBB’s offer of NOK 190 per share.
The price of oil rose 2.45 percent on Wednesday and is now just over $ 51 a barrel.
