International stock exchange party after promising Ukraine announcements – but the Oslo Stock Exchange fell

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The Oslo Stock Exchange fell 0.63 percent on Tuesday.

It is the international headlines about the Ukraine crisis that have affected the stock markets and the oil market in recent days, with concerns about what a possible Russian invasion would have in terms of economic consequences. So also Tuesday.

Several reports from the Russian authorities on Tuesday that some military troops are withdrawing and that Russia is ready to negotiate further, sent European and American stock exchanges markedly up.

At the same time, oil prices fell sharply – a total of four percent throughout the day. It pulled down the main index on the Oslo Stock Exchange, which is loaded with many oil companies and affiliated industries. Norway’s largest oil company Equinor fell six percent after the fall in oil prices. Aker BP fell 3.3 percent.

The mobile company Ice Group also fell sharply on Tuesday, 11.6 percent. It happened after the company presented new results on Tuesday. Operating profit ended at minus DKK 51 million in the fourth quarter. The company states that it is still working on the refinancing process that was announced towards the end of last year.

New numbers

Several companies delivered new quarterly results before the stock exchange opened on Tuesday.

Kjell Inge Røkke’s renewable investment, Aker Horizonsdelivered one increase in value-adjusted equity of NOK 800 million. Aker Horizons shares rose around 1.5 percent on Tuesday.