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The Oslo Stock Exchange wavered in the starting hole, fell slightly after a few hours of trading, but ended up 0.19 percent higher. Play Magnus, which just went public, was up nearly 17 percent, before that company ended just over 10 percent.
OIL PRICE FALL: The price of oil has fallen from yesterday’s levels at the opening of the stock market.
Erik Johansen / NTB scanpix
Published:,
The Oslo Stock Exchange opened 0.25 percent lower, but quickly turned into a rally. At 11:30 am the main index fell 0.19 percent, but at the close the Oslo Stock Exchange closed 0.19 percent higher.
Wall Street indices were up about two percent last night, and tech stocks were up. However, the arrows point down in futures trading on Wall Street on Friday morning.
In Asia in the morning it is mixed, and the Tokyo Stock Exchange is positive, while the Hong Kong Stock Exchange is falling.
– Many investors in Asia opted to turn a profit on Friday after the surge in recent days, Nordnet Berntsen analyst wrote in his morning report ahead of the stock market opening.
It is still the unresolved presidential election that is in the focus of investors in the region on Friday, Berntsen believes.
Seabird jumps after quarterly figures
Seabird Exploration had the biggest rally of any business at Børsen on Friday morning. At the close, the stock had risen above 11 percent after the company cut its loss in the third quarter.
Magnus Carlsen’s company, Play Magnus, which was recently listed on the stock exchange, was up 16.88% at lunchtime, but ended up with a total increase of 10.39%. The company announced on Friday morning that it had reached an agreement with Eurosport on the rights to the Champions Chess Tour in 2021.
Navamedic, Hexagon Composites and Arcus have submitted quarterly reports prior to the opening of the stock exchange. All companies go up on the stock market on Friday.
Goodtech, which has also released figures, fell 3.81 percent.
Everfuel was up 1.52 percent today. The company announced on Friday morning that it will buy a subsidiary of Uno-X and take over the operation of two hydrogen stations in Norway.
Nel currently operates the stations together with the Uno-X company. Nel’s shares were up 0.80 percent on Friday.
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Fall in oil prices
Oil prices are down nearly two percent on the day to $ 40.06 a barrel. That’s 90 cents less than when the Oslo Stock Exchange closed on Thursday.
Among other things, stricter infection measures in Europe will affect oil demand in the future, Berntsen notes. Before the opening of the stock market, he believed that falling oil prices would have an impact on the stock market.
– The price of oil is significantly below yesterday’s levels and therefore will have a negative effect on the Oslo Stock Exchange today, Berntsen wrote before the opening of the exchange. Since then, the drop in oil prices has slowed somewhat.
Read the morning report here
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Navamedic increases its revenue in the third quarter
