Norwegian Stocks: Down from all-time high despite rising oil price

Jinhui Shipping and Transportation

29/08/2018 13:47

OSLO, Aug 29 (Reuters) - 
 * Norwegian shares traded down on Wednesday 
 * Oslo's benchmark index  .OSEBX  fell -0.08 pct, or -0.76
points, to 913.75 points and was up by 12.29 pct year-to-date
 * The broader Oslo All Share Index  .OSEAX  was down 0.09
percent 
 * Brent crude futures  LCOc1 , a trigger for the oil heavy Oslo
Bourse, rose $0.46 to $76.41 a barrel  O/R 
 * Among the biggest firms on the Oslo Bourse, Equinor  EQNR.OL 
rose 0.32 pct, Telenor  TEL.OL  fell -1.14 pct and DNB  DNB.OL 
was flat 
 * Turnover at the Oslo Bourse was 2 billion Norwegian crowns
and most traded shares were Equinor EQNR.OL , Yara YAR.OL  and
Marine Harvest MHG.OL 
 * Shares of Aker Solutions AKSOL.OL  were up 2.01 pct to NOK
57.9
 * Aker Solutions expects Brazil revenue to double within 5
years  urn:newsml:reuters.com:*:nL8N1VI14J
  * Shares of Aker BP AKERBP.OL  were up 1.02 pct to NOK 298.4,
supported by higher oil price 
 
 * Norway Royal Salmon NRSM.OL  down 2.4 pct: Nordea Markets
cuts share price target to NOK 225 from NOK 235 and keeps buy
after yesterday's Q2 results below forecast 
    
 * Norway Royal Salmon: Sparebank 1 Markets downgrades to sell
from neutral and cuts price target to NOK 185 from NOK 190
 * Biggest gainers: Jinhui Shipping JINS.OL  12.2 pct, Next
Biometrics Group NEXT.OL  4.12 pct, PCI Biotech Holding PCIB.OL 
 3.14 pct and Photocure PHO.OL  3.02 pct
 
 * Dry bulk firm Jinhui announced first dividend since 2008 in
Q2 earnings report  urn:newsml:reuters.com:*:nL8N1VK2O8
 * Biggest losers: Thin Film Electronics THIN.OL  -4.02 pct, BW
LPG Ltd BWLPG.OL  -2.76 pct and B2holding ASA  B2H.OL  -2.74 pct
 * Abroad European shares  .FTEU3  rose 0.17 pct, Japan's main
share index Nikkei  .N225  ended up 0.15 pct, while in China
Shanghai index  .SSEC  was down -0.31 pct and Dow Jones index
 .DJI  in the United States 0.06 pct on Tuesday

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