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The month of June has so far been marked by a decline for the Oslo Stock Exchange. On the first trading day in June, the main index fell 1.4 per cent, the day after the decline continued by around 0.2 per cent.
On the last trading day of the week, the main index on the Oslo Stock Exchange rose by approximately 0.4 per cent from the start. Halfway through the trading day, the main index has now turned to minus 0.15 per cent.
Historically, June is a weak month on the Oslo Stock Exchange, according to TDN Direkt. From 1996 to 2021, the main index has fallen by an average of 0.13 per cent. In the same period, July has given an average return of 1.45 per cent plus, while August and September have given an average negative return of 0.73 per cent and 1.33 per cent, respectively.
Drone action plunges from the start
One of the companies that is associated with excitement today is the drone company Nordic Unmanned, after the company announced on Friday night that it has raised NOK 80 million.
At the opening of the Oslo Stock Exchange, the share plunged by 13.75 per cent, and was traded for approximately NOK 22.9. In the middle of the trading day, the share has fallen 14.12 percent and is traded for NOK 22.8.
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The money was obtained through a private placement, where certain investors are invited to buy shares at a given price after the brokerages have settled the mood in the market.
The subscription price, ie the price investors had to pay for new shares, was set at NOK 22 per share. There is a discount of 17.14 percent from the closing price on Thursday, when the Nordic Unmanned share closed the trading day to NOK 26.55 per share.
So far this year, the stock has fallen almost 19 percent.
Increases oil production
On Wednesday, the OPEC countries decided to increase oil production more than previously communicated.
In advance, it was expected that Opec would increase its total production by around 400,000 barrels. Due to great uncertainty associated with Russian production in the future, quotas were increased by 600,000 barrels. Despite Opec’s decision, the price of oil rose two to three dollars. On the other hand, the dollar weakened in the wake of the decision.
The oil price for North Sea oil (burnt spot) is now around 116 dollars per barrel, a decrease of around one percent from Thursday’s levels. (Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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