Norwegian benchmark index hits record high

BW LPG

02/03/2022 12:49

** Oslo Exchange benchmark index  .OSEBX  is up 1.1%, at
all-time high, boosted by oil, gas and other commodities stocks
    ** Norwegian oil and gas operator DNO  DNO.OL , top gainer
on the index, is up 11%, while peers Aker BP  AKRBP.OL , BW LPG
 BWLPG.OL  and Equinor  EQNR.OL  are up 6%, 5% and 2.4%
respectively, as commodity prices spike amid Russian supply
disruptions  urn:newsml:reuters.com:*:nL1N2V507G
    ** Media company Schibsted  SBSTA.OL , the second best
performer, surges 8% after an entity related to the company's
chairman, Ole Jacob Sunde, announced intention to buy about 3.5%
of the share capital  urn:newsml:reuters.com:*:nASM0001W6
    ** Shares of Schibsted's spin-off Adevinta  ADEA.OL , in
which it holds a 33% stake, rise 3.7%, making it also one of the
best performers on the index
    ** Aluminium company Norsk Hydro  NHY.OL  - which on
Wednesday said it would not enter into new contracts with
Russian counterparts  urn:newsml:reuters.com:*:nFWN2V41QY - rises 2.1%, while fertilizer
maker Yara  YAR.OL  is up 1.5% in afternoon trade

 (Reporting by Izabela Niemiec)
 ((Izabela.niemiec@thomsonreuters.com))