Norwegian Stocks: Norwegian Air keeps rising after IAG acquires stake
13/04/2018 12:49
OSLO, April 13 (Reuters) -
* Norway's shares traded up on Friday
* Oslo's benchmark index .OSEBX rose 0.40 pct, or 3.31
points, to 837.75 points and was up by 2.45 pct year-to-date
* The broader Oslo All Share Index .OSEAX was up 0.39
percent
* Brent crude futures LCOc1 , a trigger for the oil heavy
Oslo Bourse, fell $-0.17 to $71.85 a barrel O/R
* Among the biggest firms on the Oslo Bourse, Statoil
STL.OL fell -0.55 pct, Telenor TEL.OL rose 0.03 pct and DNB
DNB.OL rose 0.27 pct
* Turnover at the Oslo Bourse was 3.45 billion Norwegian
crowns
* Shares in Norwegian Air Shuttle NWC.OL rose for the
second consecutive day after IAG ICAG.OL on Thursday acquired
4.6 percent of the company and said it would consider buying the
Oslo-listed budget carrier. urn:newsml:reuters.com:*:nL8N1RP6H0
* Norwegian Air CEO and biggest owner, Bjoern Kjos, said on
Friday that he was not surprised by the interest from IAG
urn:newsml:reuters.com:*:nO9N1R300E
* Shares of Norwegian Air Shuttle ASA NWC.OL were up 2.2
pct to NOK 269 at 11:41 GMT.
* Shares of Norsk Hydro ASA NHY.OL were up 2.42 pct to NOK
51.58 after brokerage ABG Sundal Collier raised its
recommendation to buy from hold urn:newsml:reuters.com:*:nL3N1RP346
* Big gainers: Next Biometrics Group ASA 4.65 pct, Scatec
Solar ASA 4.65 pct and B2holding ASA 4.19 pct
* Big losers: Otello Corporation ASA OTELLO.OL -4.08 pct,
Nordic Nanovector ASA NANOV.OL -3.53 pct
* Abroad European shares .FTEU3 rose 0.39 pct, Japan's
main share index Nikkei .N225 ended up 0.55 pct, while in
China Shanghai index .SSEC was down -0.65 pct and Dow Jones
index .DJI in the United States 1.21 pct on Thursday
(Reporting by Joachim Dagenborg)
((joachim.dagenborg@thomsonreuters.com; +47 233 16 592; Reuters
Messaging: joachim.dagenborg.thomsonreuters.com@reuters.net))