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FROM BELOW: As always, it can go both ways for Børsen, but Nordnet predicted a negative start to the week.
Stian Lysberg Solum / NTB
Published:,
At lunchtime, the main index on the Oslo Stock Exchange climbed 0.40 percent to 875.99 points.
DNB is up 2.86 percent and has helped propel Børsen from the start.
Among the most excited today is probably the newcomer to the stock exchange Volue, which is now the latest addition to the Merkur market. Arendal Fossekompani’s green technology company was listed when Børsen opened its doors at 9 o’clock.
At 11.30, this is one of the most traded shares, where Volue has been bought and sold for NOK 146 million.
On the losing side, we currently find Scatec Solar, which weighs more on the Stock Market in the middle of the trading day. In the middle of the trading day, the stock is down 3.36 percent.
At the same time, Nel is down 3.10 percent.
The price of North Sea oil (burned) costs $ 42.68 a barrel on Monday morning. It is down 0.28 percent since midnight.
There is great enthusiasm for the OPEC meeting that will take place this Monday.
– If OPEC warns of an increase in production, I do not think the market will tolerate it. With the virus boom now, demand is expected to be weaker than it is now, says Handelsbanken chief economist Kari Due-Andresen.
On Friday, the main index closed up 1.1 percent. Part of the increase came from Scatec, which drops the Solar name as the company invests in renewable energy in a broader sense.
But the increase also came at the same time as the positive signals in the United States.
Excited by the Fed speech and the presidential election
After huge swings earlier in the week, Wall Street ended Friday quietly.
Investors expected a powerful new stimulus package from the US authorities, but this did not happen. Now it’s in the cards that a potential stimulus package won’t arrive until after the Nov. 3 election, writes analyst Roger Berntsen on the Nordnet blog.
Later today, the head of the United States Federal Reserve will speak.
– Given the context of zero interest rates around the world, the Fed’s choice of words could affect the market relatively heavily, the analyst continues.
The Federal Reserve is likely to keep interest rates around zero until 2023.
Read the Nordnet blog here
