Oslo Inventory Change Replace: Inventory Index Flat, Oil Value Drops, Equinor and Anchor BP Down 0.1%

The case has been up to date.

The principle index on the Oslo Inventory Change is flat at 1,407.9 at 12:45, after a lower of 0.1 p.c.

Shares and fairness certificates had been traded for NOK 1,139 million.

Among the many primary European inventory exchanges, Germany’s Dax fell 0.33 p.c and France’s CAC 40 0.68 p.c, whereas the British FTSE100 was up 0.06 p.c.

Futures buying and selling on Wall Avenue are pointing greater from the beginning of buying and selling on Tuesday.

The worth of oil is down

Brent oil for August supply is at $85.41 a barrel on Tuesday afternoon, representing a drop of 0.4 p.c since midnight. In distinction, North Sea oil traded at USD 86.22 on the shut of buying and selling on Monday. WTI oil is traded at 81.9 {dollars} per barrel, which is equal to a lower of 0.5 p.c since midnight.

Equinor fell 0.1 p.c to NOK 294.20, whereas Anchor BP down 0.1 p.c to NOK 264.30. Our Vitality modified to this point -0.2% in opposition to NOK.

Actions

EAM Photo voltaic the inventory market has had a horrible few days after the beginning from Italy. They weren’t compensated within the fraud case. Right this moment it revealed in a inventory alternate announcement that they don’t seem to be allowed to take out shareholder loans. The share rose sharply within the morning hours and went up 17.6 p.c, however then stabilized and is now up 8 p.c to NOK 2.85.

Citigroup raises its worth goal on the hydrogen firm Within the from NOK 4.6 to NOK 6 per share. The share decreased by 0.4 p.c to NOK 5.98 p.c.

Handelsbanken renews its long-term suggestion on Floor freezing to “outperform” from “market carry out”. The goal of the course is saved unchanged. The share rose 0.1 p.c to NOK 549.00.

The Hunter’s Group achieved a mean spot-related schedule of USD 32,015 per day in June, which gave a TC margin of minus 19,735 {dollars} per day, in response to TDN Direct. The share fell 2.6 p.c to NOK 2.22.

Bulkers 2020 Tuesday morning reported whole schedule earnings of about $38,900 per day in June 2024, together with day by day scrubber advantages of about $3,900 per day, in response to TDN Direct. The share rose 0.5 p.c to NOK 151.50.

Fearnley Securities has commenced protection of BW Vitality with a purchase order suggestion. The best worth of the NOK share was 43.

“Based on our estimates, we discovered a NAV of NOK 43 per share to which we set our worth goal, and we provoke protection with a purchase suggestion on the fairness and ‘Credit score Purchase’ on the senior unsecured bond of 100 million {dollars}. , writes the brokerage home. The share was up 6.6 p.c on Tuesday afternoon to 32.45.

Autonomy Analysis is elevating the worth goal to DNB– the share from NOK 197 to NOK 204. The share fell 0.9 p.c to NOK 207.60.