Norwegian Stocks: Hydro drops after Brazil lawsuit, DNO up on Faroe stake purchase
04/04/2018 10:04
OSLO, April 4 (Reuters) -
** Norwegian shares traded down on Wednesday
** Trade war concerns increase after China announces
additional tariffs on $50 bln of U.S. goods urn:newsml:reuters.com:*:nB9N1R401T
** Oslo's benchmark index .OSEBX fell 0.91 percent, or
7.38 points, to 804.21 points and was down by 0.35 percent
year-to-date
** The broader Oslo All Share Index .OSEAX was down 0.73
percent
** Among the biggest firms on the Oslo Bourse, Statoil
STL.OL rose 0.41 percent, Telenor TEL.OL fell 1.53 percent
and DNB DNB.OL fell 1.30 percent
** Turnover at the Oslo Bourse was 1.3 billion Norwegian
crowns and most traded shares were Statoil STL.OL , DNB
DNB.OL and Norsk Hydro NHY.OL
** Brent crude futures LCOc1 , a trigger for the oil heavy
Oslo Bourse, fell $0.62 to $67.5 a barrel by 08:23 GMT O/R
** Statoil was participant in gas discoveries in the
Norwegian Sea urn:newsml:reuters.com:*:nEON0O5BSY urn:newsml:reuters.com:*:nFWN1RG0ZV
** DNO DNO.OL buys 15 pct in Faroe Petroleum FPM.L , says
interest is strategic. Shares in DNO were up 0.7 pct, Faroe
Petroleum rose 12.4 pct
** Authorities in the Brazilian state of Para have sued
Norsk Hydro ASA NHY.OL for 250 million reais ($74.83 million)
in damages following an alleged toxic leak at the world's
largest alumina refinery Alunorte, a unit of the Norwegian firm
** Shares of Norsk Hydro ASA NHY.OL NHY.OL were down 1.05
pct at NOK 46.22
** Biggest gainers: Link Mobility Group ASA 2.36 percent,
Seadrill Ltd 1.70 percent and Treasure ASA 1.51 percent
** Biggest losers: Otello Corporation ASA OTELLO.OL down
6.22 percent, Golden Ocean Group Ltd GOGLT.OL -3.74 percent
and Grieg Seafood ASA GSFO.OL -3.42 percent
** European shares .FTEU3 fell -0.84 percent, Japan's main
share index Nikkei .N225 ended up 0.13 percent, while in China
Shanghai index .SSEC was down 0.15 percent and Dow Jones index
.DJI in the United States rose 1.65 percent on Tuesday
(Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))