Stock market giants led the way when the Oslo Stock Exchange opened last week. Norsk Hydro rose above five percent, after the price of aluminum reached a 13-year high.
On the surface: Hydro is up more than 70 percent on the Oslo Stock Exchange this year so far. Here from the company’s production facility in Høyanger.
The main index on the Oslo Stock Exchange ended 0.49 percent higher on Monday, thus continuing the positive trend from last week with an increase of four out of five trading days.
Norsk Hydro is up 5.4 per cent to 67.25 Norwegian crowns per share, so it is up 73.3 per cent so far this year.
The share price has not risen since before the financial crisis in 2008. The price of aluminum, which rose 0.6 percent to $2,959 a ton on the London Metal Exchange on Monday, did not rise.
Bloomberg He points to the ongoing energy crisis, which is squeezing the supply of the usable, energy-intensive mineral, which is used in everything from beer cans to cell phones.
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New record for DNB
The price of oil is trading at less than $84 a barrel, and it is up 1.7 percent so far today.
The share that appears to be thriving in a scenario with higher oil prices and higher interest rates is DNB, which rose 0.19 percent to a new peak on Monday.
The share is up 29 percent so far in 2021, and its market capitalization is now NOK 320 billion.
Before the stock market opened on Monday, doomed drilling rig Seadrill announced that creditors had approved the bailout. The court will now rule on the plan on October 26.
If the company gets the go-ahead, the goal is to leave bankruptcy protection after 60 days. But today’s shareholder stake is likely to fall to 0.25 percent, according to Cedrill.
At most, Seadrill’s share rose more than 30 percent in the wake of the announcement, but it reversed the price and ended up down 12.3 percent.
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Mintra brush loser
Otherwise you have PGS And Mintra It announced its revenue in the third quarter. PGS stock closed 0.18 percent higher, while Mintra stock fell as much as 29.2 percent, thus becoming the biggest loser in the stock market today.
Panoro and BW Energy Shares were allocated in exploration areas off the coast of Gabon, and shares closed 5.5 and 0.9 percent higher, respectively.
golden ocean It announced Monday morning that it will sell two older Panamax ships for a total of $37.2 million. The stock closed up 0.9 percent.
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