Stock Market Falls – Lead Day for Oil and Hydrogen – E24



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Solar cell company Rec Silicon and Havyard shipyard will later launch on the Oslo Stock Exchange on Wednesday. Hydrogen stocks Nel, Hexagon, and Hydrogenpro drop sharply.

Håkon Mosvold Larsen

Published:,

The Oslo Stock Exchange started relatively flat on Wednesday, but now the leading index is down 1.7 percent to around 862 points after mood soured at lunchtime.

The price of oil fell 3.5 percent to $ 41.90 a barrel.

Heavy lead for hydrogen

Nel is the most traded stock on Thursday. The turnout falls 5.3 percent Thursday afternoon.

Hexagon is also down 5.6 percent, while newcomer Hydrogenpro is down 7.2 percent.

New listing of Merkur Market

Thursday is the first trading day for cod producer Norcod on the Merkur market, the little brother of the Oslo Stock Exchange.

The company was trading at NOK 50 per share. Within hours of trading, the stock fell 2.90 percent to NOK 48.55, but Norcod has since risen to NOK 49.5.

Norcod will be the 27th company to be listed on Merkur Market so far this year.

Recording problem completed

So far in October, Rec Silicon is up more than 200 percent on the stock market. On Thursday, the solar cell maker will continue to rise on the Oslo Stock Exchange.

Rec’s share is up just over 6.3 percent in the afternoon after rising above 10 percent earlier in the day.

Rec Silicon succeeds in raising capital Rec Silicon rocket on the Oslo Stock Exchange – over 60 percent

In the morning, the company announced that it had raised NOK 1 billion in a share issue. The company will also carry out a repair issue of around 18.5 million shares at a price of NOK 10.8.

On Thursday, the solar cell company also announced that they had reached a settlement with Grant County in Washington state in connection with a property tax case at Rec’s Moses Lake facility.

Yesterday’s winner, Havyard, is up 6.7 percent.

also read

Havyard’s stock soared more than 150 percent on a flat trading day: – I haven’t experienced anything like this before.

Mowi’s prognostic result

Before the opening of the stock market, salmon giant Mowi announced that they expected a sharp drop in operating profit in the third quarter. The profit drop will be about 80 million euros in the third quarter (869 million crowns), the company believes. Full Mowi results will be released on November 4.

– In summary, this is a decent upgrade with harvest volumes as expected, above-consensus operating profit, likely driven by a strong consumer products business, but also better agriculture in Norway, writes marine analyst Christopher Robin Vinter at Sparebank 1 Markets in a note reproduced by TDN Direkt.

Shares in Mowi rose 2.75 percent in early trading, but have since slid back into the red territory.

also read

Mowi expects a sharp drop in operating profit in the third quarter

Sharp stock market decline in Europe Berntsen Morgenrapporten

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