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It was set for fall on the Oslo Stock Exchange’s first trading day of the week. In the morning, the fall was over one percent, but as the oil price rose, the main index recovered towards closing time.
When the trading day was over, the Oslo Stock Exchange was down 0.47 percent. At the same time, the oil price remains high and at 4.30 pm a barrel of Brent Spot North Sea oil is traded for over 94.5 dollars.
The ice collapse continues
For the newcomer Vår Energi, the trading day was pleasurable, and after closing time the share was up over six percent. This happens after both Øystein Stray Spetalen and John Fredriksen appeared on the published shareholder lists.
The share of the dry cargo shipping company Belships was up over two percent on Monday, after one strong performance improvement in the fourth quarter.
It is worse for the mobile operator Ice, which fell almost 22 percent on Monday. It comes at the top of the price collapse of as much as 62 percent on Friday, after the acquisition announcement from Lyse.
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The hydrogen company Nel fell over five percent after top manager Jon André Løkke dumped shares for close to NOK 13 million before the weekend.
Expected rise
Before the stock market opened on Monday, Nordnet analyst Roger Berntsen predicted that the main index would rise 0.2 percent, despite the stock market decline in Asia, great geopolitical uncertainty and that the three leading indices in the US fell close to one percent on average on Friday.
– The Asian investors sent the stock exchanges in the region down on Monday, so there is little traction to get from there today. Everyone is now waiting for new signals related to the geopolitical crisis in Europe. Whether Russia will invade Ukraine or not is the big question, Berntsen said.
The warnings from the West, led by the United States, became sharper over the weekend, and according to several American media, Vladimir Putin has already ordered the Russian defense to invade Ukraine.
Nevertheless, diplomatic attempts continue, and according to the White House, Biden and Putin “in principle” agree to meet to try to find a solution to the conflict.
In the afternoon, however, came the news that Russian President Vladimir Putin believes that the country is facing one «Serious and major threat» in Ukraine.
“The use of Ukraine as an instrument of confrontation with our country poses a serious and very great threat to us,” Putin said when he convened the Russian Security Council at short notice on Monday afternoon.
Although Putin stressed that Moscow’s top priority is “not confrontation, but security”, the Moscow Stock Exchange was sent down sharply after the meeting.(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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