The main index on the Oslo Stock Exchange fell 0.88 percent on Friday, helped by Equinor, which ended with a fall of 2.44 percent.
The oil price was around USD 81.9 a barrel, well over three percent lower than at the closing price on Thursday, when the stock exchange closed.
Before the stock exchange opened, Aker presented its report for the fourth quarter. There it emerged that the value-adjusted equity, which Aker believes is the best expression of the values in the group, fell to NOK 66.9 billion from NOK 69 billion at the end of September.
The stock fell 3.25 percent on Friday.
The Norwegian State Pension Fund, which Folketrygdfondet manages, had a result of minus NOK 15 billion in 2022. This was still better than the market.
The return was minus 4.4 per cent for 2022, which is 0.7 percentage points better than the market in 2022, according to a press release on Friday morning.
On Thursday, the main index on the Oslo Stock Exchange ended with an increase of 0.45 per cent.
Wall Street fell sharply
High prices sent the American stock markets down on Thursday. This time, producer prices spooked investors. The decline continued at the opening on Friday.
The mood in the pre-trade soured immediately when the figures became known. The indices fell by more than one percent from the start, before recovering somewhat. From 21:00 Norwegian time, however, the fall increased.
This is how the leading US stock market indices looked when Wall Street closed:
- The collective index S&P 500, which consists of 500 of the largest listed companies in the USA, fell 1.38 percent.
- The Nasdaq Composite, which is dominated by technology companies, fell 1.78 percent.
- Industry-heavy Dow Jones, which consists of 30 hand-picked, supposedly important stocks, fell 1.26 percent.
The Tesla share ended with a sharp fall of 5.69 percent following the news that the electric car manufacturer will recall 362,758 cars.
The recalled cars are either equipped with a full self-driving beta software or are awaiting the installation of such software, writes Bloomberg. The reason why the cars are being recalled is because the system can cause the vehicle to behave unsafely around road junctions. The system may also have difficulties reacting to changes in stated speed limits, according to the news agency.(Terms)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using links, which lead directly to our pages. Copying or other forms of use of all or part of the content may only take place with written permission or as permitted by law. For further terms see here.
