–
It has been a bumpy week on the Oslo Stock Exchange. On Monday, the main index approached a fall of almost three percent in the 15-hour period, while Wednesday ended with a rise of 2.82 percent.
On Friday, the arrows pointed downwards again, and in the morning the main index on the Oslo Stock Exchange was down as much as 1.85 percent. Throughout the afternoon, investors picked up the price somewhat, but still closed the Oslo Stock Exchange with a marked fall of 1.08 percent on the last trading day of the week.
The fall has been driven by declines on both the US and Asian stock markets over the past 24 hours. What contributes to creating nervousness and unrest in the markets are, among other things:
- The first profit reports have arrived, and several of the tech companies such as Tesla and Apple report that the trouble with the supply chain, among other things, continues.
- The US Federal Reserve warns that interest rates will be raised “soon”. This will make capital more expensive and generally have a negative effect on equities and bonds.
- In addition, the “geopolitical insecurity” continues, where the fear of a Russian attack on Ukraine and the consequences it will have politically and for the energy crisis in Europe raises concerns.
Since the first trading day of the year, the stock market has fallen by well over three per cent, and the Oslo Stock Exchange is now characterized by very large effects for individual companies.
–
Massacre in PGS
Among them is the seismic company PGS, which makes a living from shooting and selling seismic data that helps oil companies find oil. PGS announced on Thursday that it may break the loan conditions already this winter, and is now working for another refinancing of the company. Analysts fear for the company’s future, shaving their estimates. Investors sent the stock down 57 percent on Thursday, and it continued to fall on Friday. When the trading day was over, the PGS share was down over 16 percent.
The plastic recycling company Quantafuel carried out a capital raising on Thursday afternoon and evening. Even though the fundraising was done in just a few hours, it provokes reactions that it happened now – before the company has been shown that the technology works
When the last trading day of the week was over, the Quantafuel share had fallen by just over ten percent.
Turbulent uke for Autostore
The week and year have not been easy for Autostore either. Despite the stock rising 12 percent on Wednesday, the company has still fallen over 36 percent so far this year. On Friday morning, the share price of the company rose around ten percent. But the upturn turned abruptly, and at closing time the Autostore share was down 4.72 percent.
On Friday morning, the company announced one victory in the complicated international litigation between the robot pioneer and Ocado, a British company that offers its own storage system built around the same concept. The victory only applies to a single case in a German court. In December, Autostore lost a large and heated patent dispute against the same company in a US court.
The dispute is in the USA and the UK, among other places, and is about the rights to several patents related to the cube-shaped storage robots that save space by stacking in height. These were invented by Autostore in the village of Nedre Vats in the 90s.
From a peak level above NOK 45 in November, the price was almost halved before the Oslo Stock Exchange opened on Friday morning: NOK 23.3. (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.
–
![New Retirement Age 2023 for those willing. These are the new ideas for internship pensions [30.01.2022 r.]](https://d-art.ppstatic.pl/kadry/k/r/1/b4/1b/61e9a99c09b41_o_original.jpg "New Retirement Age 2023 for those willing. These are the new ideas for internship pensions [30.01.2022 r.]")
