Norwegian Stocks: Oslo bourse marks all-time high driven by banks and oil

Interoil Exploration and Production ASA

11/06/2018 11:09

OSLO, June 11 (Reuters) - 
 * Norwegian shares traded up on Monday 
 * Oslo's benchmark index  .OSEBX  rose 0.47 pct, or 4.17
points, to 898.04 points and was up by 9.75 pct year-to-date
 * The broader Oslo All Share Index  .OSEAX  was up 0.49 percent
 * Brent crude futures  LCOc1 , a trigger for the oil heavy Oslo
Bourse, fell $-0.14 to $76.32 a barrel  O/R 
 * Among the biggest firms on the Oslo Bourse, Equinor  EQNR.OL 
rose 0.65 pct, Telenor  TEL.OL  rose 0.17 pct and DNB  DNB.OL 
rose 0.65 pct
 * Turnover at the Oslo Bourse was 1.4 billion Norwegian crowns
and most traded shares were Norsk Hydro NHY.OL , DNB DNB.OL  and
Subsea 7 SUBC.OL 
 * Shares of Norsk Hydro ASA  NHY.OL  NHY.OL  were up 0.89 pct
to NOK 54.2
 * Norsk Hydro: UBS raises recommendation to Buy from Neutral,
share price target to NOK 70 from NOK 60  urn:newsml:reuters.com:*:nFWN1TD00N
 
 * DNB DNB.OL  shares were up 0.6 pct and Bank
Norwegian NOFI.OL  rose 3.9 pct
 
 * Goldman Sachs upgrades Nordic banks as housing market
stabilises  urn:newsml:reuters.com:*:nL1N1TD02P  urn:newsml:reuters.com:*:nL8N1TD0UE
 * Subsea 7 SUBC.OL  rose 1.2 pct after winning a new contract
from Shell offshore UK
 
 * Shares of Interoil Exploration and Production IOX.OL  were up
28.18 pct to NOK 5.64
 
 * Interoil Exploration IOX.OL  reported a 5 percent rise in oil
and gas production in Colombia in May compared with April
 urn:newsml:reuters.com:*:nASM000KHC
 
 * On Friday, when Interoil shares jumped 52 pct, it announced
and agreement with National Hydrocarbons Agency Of Colombia
which settled all claims between the parties  urn:newsml:reuters.com:*:nASM000KHC
    
 * Biggest gainers: Idex ASA 7.72 pct, Photocure ASA 7.65 pct
and Nordic Nanovector ASA 5.07 pct
 * Biggest losers: REC Silicon ASA  REC.OL  -5.16 pct, Questerre
Energy Corp  QEC.OL  -4.30 pct and Funcom NV  FUNCOM.OL  -3.74
pct
 * Abroad European shares  .FTEU3  rose 0.39 pct, Japan's main
share index Nikkei  .N225  ended up 0.48 pct, while in China
Shanghai index  .SSEC  was down -0.48 pct and Dow Jones index
 .DJI  in the United States 0.30 pct on Friday

 (Reporting By Ole Petter Skonnord)
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))