Just before 06.55, according to the trading platform IG, futures indicate a decline on Oslo Børs of 0.21 per cent from the start.
Asia
In Japan falls Nikkei 1.3 per cent, while the wider Topix– the index weakens by 1.2 per cent.
In China goes Shanghai Composite back 0.4 percent, Hang Seng in Hong Kong is down 0.2 per cent, and Kospi in South Korea it weakens by 1.7 per cent.
In India falls Sensex 0.9 percent, S&P/ASX 200-index in Australia is down 0.3 per cent, and Straits Times in Singapore is down 0.2 percent.
Read the full Asia update here.
The oil price
Brent oil is down 0.3 percent to 82.82 dollars a barrel on Wednesday morning, while WTI oil is down 0.3 percent to 76.14 dollars a barrel. In comparison, a barrel of North Sea oil traded for 82.80 dollars a barrel at the end of the stock exchange in Oslo on Tuesday.
Wall Street
All the leading indices on Wall Street ended the day in the red, with consumer and technology stocks leading the decline. The yield on ten-year US government bonds rose sharply on Tuesday to 3.95 percent. It is the highest interest rate since November last year.
- S&P 500 fell 2 percent to 3,997.39
- The technology index Nasdaq fell 2.5 percent to 11,492.30
- industry Dow Jones fell 2.06 percent to 33,130.38
Read the full US update here.
Oslo Stock Exchange
Oslo Børs remained in the red on Tuesday. The main index ended down 0.62 percent to 1,227.02 points.
Fearnley Securities tror PGS can refinance the debt without making a dilutive issue. At the same time, the brokerage house predicts the share will rise by more than 50 percent. The share rose 1.9 percent to NOK 10.04.
Otherwise, it was quarterly figures that characterized the movements on Tuesday.
Lerøy Seafoods operational profit fell from NOK 902 to 800 million in the fourth quarter. The result was weaker than expected and the share fell 5.9 per cent to NOK 51.55.
“Lerøy should fall 3-5 per cent more than other farming companies today”, wrote Fearnley Securities after the figures were released. On Monday, DNB Markets took Lerøy out of its weekly portfolio for fear of today’s figures being released.
Lerøy owner Austevoll Seafood also presented quarterly figures on Tuesday. The seafood group had operating income of NOK 7.6 billion in the fourth quarter, compared to NOK 7 million in the same period in 2021. Investors did not like these figures either and sent the share down 5.9 percent to NOK 90.35.
Ground frost on the other hand, rose 5.3 percent to NOK 650.00 after reporting an operational operating result of NOK 376 million in the fourth quarter. It was lower than what analysts expected beforehand, but in line with Fearnley’s estimates. A dividend of 10 Danish kroner per share was slightly above the brokerage house’s expectation of NOK 8.
Golden Energy Offshore Services had low utilization in the fourth quarter because “Energy Duchess” was involved in a collision while the vessel was moored in Aberdeen. Claims have been withdrawn, according to the company. The share plunged 14.9 per cent to NOK 1.49.
Read the full stock exchange update here.
This is happening today:
Result per 4th quarter:
Icelandic Salmon: Kl. 06.30, webcast kl. 10.00
