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There are small effects on the main index on Wednesday morning, after a series of results before opening hours. On the same day, two startups make their debut on Merkur Market.
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There was a flat development on the Oslo Stock Exchange in early trading on Wednesday. After just under half an hour, the leading index is up slightly, up 0.26 percent.
That’s after a negative ending on Wall Street the night before, after both the S&P 500 and the Dow Jones rose to new all-time highs earlier this week.
In Asian stock exchanges, there was mostly a rebound on Wednesday morning, the Tokyo Stock Exchange being the exception.
At the same time, the price of oil has risen slightly during the day. A barrel of North Sea oil is trading at $ 43.92 a barrel, up 0.39 percent.
Several companies filed earnings reports before opening hours on the Oslo Stock Exchange. Among them are Play Magnus (5.88 percent), Klaveness Combination Carriers (unchanged), BW Energy (5.36 percent less) and ADS Crude Carriers (5.29 percent less).
Beginners of the stock market
On the same day, the mobile phone company Nortel makes its debut on Merkur Market. The company carried out a share issue in connection with the listing at which NOK 75 million were raised by selling shares at NOK 15.62 per share. Currently, no shares are traded on Wednesday.
Smartwatch maker Xplora Technologies also has its first trading day. In early November, Xplora raised NOK 481 million at a price of NOK 377 million. Subsequently, a share split was made, corresponding to the subscription price of NOK 15.08. In early trading, the stock is trading for NOK 23, an increase of 52 percent.
On the same day, the acceptance period for Standard Drilling’s buyback program for up to 30 million shares also begins. The company offers shareholders to sell the shares for 90 øre, which is about 14 percent above Tuesday’s closing price. The stock rose 13.45 percent to 0.89 kroner on Wednesday morning.
Get up for Havila
Among the most traded on the Stock Exchange, Yara has fallen 4.47 percent in the first operations. The stock does not include dividends today. At the same time, Nel is down 0.05%, while Equinor is down 0.32%.
Havila Shipping stands out as a stock market winner in early trading, with an increase of around 30 percent. On the other hand, Siem Offshore is the preliminary loss of today’s stock market with a drop of 12.13 percent.
