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Oslo Børs takes Christmas holiday with rise – E24

Quantafuel and Navamedic were among the shares that received a price boost before the Christmas holidays.

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The main index ends up 0.80 percent on Christmas Eve, before the Oslo Stock Exchange takes a day off on Christmas Eve.

At closing time on the Stock Exchange, the oil price is 75.5 dollars a barrel, down 0.16 percent for the day. The price rose on Wednesday night, according to stock figures from the US Department of Energy’s statistics wing EIA.

The price has been ticking up in recent days, and was at a comparison of almost 73 dollars at the beginning of this week.

European stock exchanges such as Frankfurt (+1.02 per cent) and London (+0.48 per cent) are also in the positive in the afternoon. Several of the major European stock exchanges are open part of the day on Christmas Eve.

The Asian stock markets have risen on the morning twig after Wall Street ended with a clear rise the night before. The Oslo Stock Exchange was almost flat on Wednesday, up 0.05 percent.

Quantafuel plant back in production

The Quantafuel share climbed 12.94 percent, and thus stands out among today’s winning shares.

The first line of the company’s Skive plant is now in production after upgrading and commissioning, according to a statement on Thursday. The plant has a total of four production lines. Goals for “Proof-of-Concept” (results that show that the idea works) around the end of the year are maintained, the company writes.

Navamedic with positive results warning

The pharmaceutical company Navamedic also climbed markedly, ending up at 9.84 percent. The company announced on Thursday that it expects revenue growth of 30 percent in 2021 as a whole – above the previous growth target of 20 percent.

The company writes that the preliminary figures for the fourth quarter show a “noticeable improvement” compared to the target, but emphasizes that the figures are not final. The full report for the fourth quarter – and for 2021 – will be published on 17 February.

For 2022, Navamedic repeats the growth target of 20 percent, and the target of a valuation of NOK 500 million in the medium term.

Aker Solutions will recover Heimdal and Veslefrikk

Aker Solutions ends down 1.27 percent. The company has formally received an assignment from Hereema Marine Contractors to carry out work related to the removal of three offshore installations on the Veslefrikk and Heimdal fields.

The company says that the contract is worth between 200 million and 700 million kroner. The order will be booked in the result for the fourth quarter.

Aker Solutions has previously signed a letter of intent related to the assignment, which applies to receiving, dismantling and recycling the three installations. The goal is to recycle as much as 98 percent of the steel and materials.

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