Norwegian Stocks: Norwegian Air jumps on interest from potential buyers
26/04/2018 10:10
OSLO, April 26 (Reuters) -
* Norwegian shares traded up on Thursday
* Oslo's benchmark index .OSEBX rose 1.71 pct, or 14.29
points, to 854.96 points and was up by 3.22 pct year-to-date
* The broader Oslo All Share Index .OSEAX was up 1.61
percent
* Brent crude futures LCOc1 , a trigger for the oil heavy
Oslo Bourse, rose $0.26 to $74.26 a barrel O/R
* Among the biggest firms on the Oslo Bourse, Statoil
STL.OL rose 1.86 pct, Telenor TEL.OL rose 0.93 pct and DNB
DNB.OL rose 5.87 pct
* Turnover at the Oslo Bourse was 2.3 billion Norwegian
crowns
* Shares of Norwegian Air Shuttle NWC.OL were up 13.74 pct
to NOK 299.6 at 0848 GMT.
* Norwegian Air published its Q1 report on Thursday and
stated that a number of groups has expressed interest in the low
budget carrier after British Airways-owner IAG said it was
considering to buy the company urn:newsml:reuters.com:*:nL8N1S32U5
* Shares in DNB DNB.OL jumped 5.83 pct after the bank
published Q1 results ahead of expectations, and said it now
expects a lower tax rate urn:newsml:reuters.com:*:nL8N1S32TG
* DNB's CFO also said that 2018 loan losses were expected to
be below historical levels urn:newsml:reuters.com:*:nO9N1R301S
* Shares of seismic company PGS PGS.OL were up 8.63 pct to
NOK 32.05. The company on Thursday raised its multiclient cash
investments as its Q1 earnings beat forecast. urn:newsml:reuters.com:*:nL8N1S3212
* Biggest gainers: Norwegian Air Shuttle ASA 13.74 pct,
Petroleum Geo Services ASA 7.85 pct and REC Silicon ASA 7.84 pct
* Biggest losers: Otello Corporation ASA OTELLO.OL -2.54
pct, Funcom NV FUNCOM.OL -2.42 pct and XXL ASA XXLA.OL -2.42
pct
* Abroad European shares .FTEU3 rose 0.19 pct, Japan's
main share index Nikkei .N225 ended up 0.47 pct, while in
China Shanghai index .SSEC was down -1.35 pct and Dow Jones
index .DJI in the United States 0.25 pct on Wednesday
(Reporting by Joachim Dagenborg, editing by Terje Solsvik)
((joachim.dagenborg@thomsonreuters.com; +47 233 16 592; Reuters
Messaging: joachim.dagenborg.thomsonreuters.com@reuters.net))