Norwegian Stocks: Norwegian Air shares rise after May traffic growth beat forecasts

Sparebank 1 Sorost-Norge

06/06/2018 09:34

OSLO, June 6 (Reuters) - 
 * Norwegian shares traded up on Wednesday 
 * Oslo's benchmark index  .OSEBX  rose 0.77 pct, or 6.77
points, to 885.76 points and was up by 7.93 pct year-to-date
 * The broader Oslo All Share Index  .OSEAX  was up 0.76 percent
 * Brent crude futures  LCOc1 , a trigger for the oil heavy Oslo
Bourse, rose $0.57 to $75.95 a barrel  O/R 
 * Among the biggest firms on the Oslo Bourse, Equinor  EQNR.OL 
rose 1.22 pct, Telenor  TEL.OL  fell -0.81 pct and DNB  DNB.OL 
rose 1.14 pct
 * Turnover at the Oslo Bourse was 1 billion Norwegian crowns
and most traded shares were Sparebank 1 BV SBVGV.OL , DNB
 DNB.OL  and Equinor EQNR.OL 
 * Shares of Norwegian Air Shuttle ASA  NWC.OL  NWC.OL  were up
2.12 pct to NOK 250.4 
 * Norwegian Air Shuttle reported May traffic growth above
forecast while the yield was in line in expectations
 urn:newsml:reuters.com:*:nL5N1T815X
 * Shares of Schibsted ASA  NWC.OL  SBSTA.OL  were up 5.45 pct
to NOK 257.3 
 
 * JP Morgan raises its recommendation on media group Schibsted
to Overweight from Neutral and its share price target to NOK 303
per share from NOK 234  urn:newsml:reuters.com:*:nFWN1T8028 
 
 * Canadian gas explorer Questerre Energy Corp QEC.OL  QEC.TO 
rose by 5.04 pct, the shares are up 32 pct over the past three
days 
 
 * On Monday it settled a lawsuit in Quebec, which means it will
acquire exploration rights to 753,000 net acres in the Lowlands
area  urn:newsml:reuters.com:*:nFWN1T603Y 
 * Biggest losers: Next Biometrics Group ASA  NEXT.OL  -2.20 pct
and Bergenbio ASA  BGBIO.OL  -1.99 pct
 * Abroad European shares  .FTEU3  fell -0.02 pct, Japan's main
share index Nikkei  .N225  ended up 0.38 pct, while in China
Shanghai index  .SSEC  was up 0.05 pct and Dow Jones index
 .DJI  in the United States -0.06 pct on Tuesday

 (Reporting By Ole Petter Skonnord, editing by Gwladys Fouche)
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))