Norwegian Stocks: Oslo hit by lower oil price, Norwegian Air weak before May traffic
05/06/2018 14:18
OSLO, June 5 (Reuters) - * Norwegian shares traded down on Tuesday * Oslo's benchmark index .OSEBX fell -0.30 pct, or -2.65 points, to 879.44 points and was up by 8.30 pct year-to-date * The broader Oslo All Share Index .OSEAX was down 0.5 percent * Brent crude futures LCOc1 , a trigger for the oil heavy Oslo Bourse, fell $-1.01 to $74.28 a barrel O/R * Among the biggest firms on the Oslo Bourse, Equinor EQNR.OL fell 1.26 pct, Telenor TEL.OL rose 0.65 pct and DNB DNB.OL rose 0.44 pct * Oil-related stocks PGS PGS.OL , Aker BP, DNO DNO.OL and TGS TGS.OL fell 1-5 pct * Turnover at the Oslo Bourse was 2.6 billion Norwegian crowns and most traded shares were Equinor EQNR.OL , Marine Harvest MHG.OL and DNB DNB.OL * Shares of dry bulk shipper Golden Ocean Group GOGLT.OL were up 1.86 pct to NOK 71.3 * Dry bulk rates rose for fourth straight session urn:newsml:reuters.com:*:nL3N1T74E4 * Norwegian Air NWC.OL fell 3.0 pct, will announce traffic figure for May tomorrow at GMT 0600 * Consensus for May yield is 0.36 and load factor 87.2 pct urn:newsml:reuters.com:*:nL5N1T62ZG * Danske Bank believe consensus is too optimistic on yield and load factor estimates, though it still has a buy recommendation and a share price target of NOK 350 * Chemical tanker firm Odfjell ODF.OL gained 7 pct after its capital markets day urn:newsml:reuters.com:*:nL5N1T71BJ urn:newsml:reuters.com:*:nL5N1T71R8 * Biggest gainers: Next Biometrics Group ASA 13.45 pct, Questerre Energy Corp 10.49 pct * Next Biometrics wins "key" hardware certification in India urn:newsml:reuters.com:*:nFWN1T60UB * Biggest losers: Funcom NV FUNCOM.OL -5.91 pct, Idex ASA IDEX.OL -4.65 pct * Abroad European shares .FTEU3 rose 0.30 pct, Japan's main share index Nikkei .N225 ended up 0.28 pct, while in China Shanghai index .SSEC was up 0.75 pct (Reporting by Ole Petter Skonnord, editing by Terje Solsvik) ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))