Norwegian Stocks: Norwegian Air continues rise on CEO's upbeat take on profitability, M&A

Wilh Wilhelmsen Holding ASA

19/06/2018 14:40

OSLO, June 19 (Reuters) - 
 * Norwegian shares traded down on Tuesday 
 * Oslo's benchmark index  .OSEBX  fell 0.30 pct, or 2.65
points, to 886.02 points and was up by 9.11 pct year-to-date
 * The broader Oslo All Share Index  .OSEAX  was down 0.32
percent 
 * Brent crude futures  LCOc1 , a trigger for the oil heavy Oslo
Bourse, fell $0.51 to $74.81 a barrel  O/R 
 * Among the biggest firms on the Oslo Bourse, Equinor  EQNR.OL 
fell 0.37 pct, Telenor  TEL.OL  fell 0.15 pct and DNB  DNB.OL 
was flat 0.00 pct
 * Turnover at the Oslo Bourse was 3 billion Norwegian crowns 
 * Shares of Norwegian Air were up 4.85 pct, the second-best
performing stock on the Oslo Bourse, following a 10-pct jump on
Monday on the possibility of a bidding war between Lufthansa
 LHAG.DE  and British Airways owner IAG for the budget airline
 urn:newsml:reuters.com:*:nL8N1TK10K

 * Norwegian CEO and founder Bjoern Kjos said on Tuesday the
company was reaching a size at which it can be profitable while
reiterating he will not block a sale of the budget carrier if
other shareholders want out  urn:newsml:reuters.com:*:nL8N1TL34Z   
 * Biggest gainer: Targovax ASA  TRVX.OL  5.80 pct 
 * Biggest losers: Otello Corporation ASA  OTELLO.OL  -4.63 pct,
and Wilh Wilhelmsen Holding ASA  WWI.OL  -4.35 pct
 * European shares  .FTEU3  fell 0.77 pct, Japan's main share
index Nikkei  .N225  ended down 1.77 pct, while in China
Shanghai index  .SSEC  was down 3.82 pct

 (Reporting by Gwladys Fouche)
 ((gwladys.fouche@tr.com; +47 23 31 65 94; Reuters Messaging:
gwladys.fouche.reuters.com@reuters.net; Twitter handle:
@gfouche))