Oslo Bowers Swings – E24

Oslo Powers started today, then popped up a short time later, before turning down again. The main index was up 0.08 percent at 10 am.

Oil prices have increased since the opening of the stock exchange, after remaining relatively stable since yesterday’s closing time. A barrel of North Sea oil (slick burn) is trading at $80.4 a barrel at the time of writing.

Equinor shares were down 1.07 percent at 10 a.m.

In addition to the oil giant, these are the most heavily traded stocks in early trading:

• Frontline rose 1.3 percent
• DNB fell 0.57 percent
• Norsk Hydro rose 0.59 percent
• Telenor shares rose 1.58 percent
• Kahoot fell 4.3 percent

Kahoot’s slump continues

Thus, Kahoot continues its decline after yesterday’s crash. It ended Tuesday down 18.5 percent for the digital learning platform after the company delivered disappointing numbers.

Although the company is gaining more paying customers, they noted that growth in billings revenue was lower than expected in the fourth quarter.

– Kahoot CEO Eilert Hanowa said that we are not satisfied with our sales results at the end of the year.

The company has also revised its revenue forecast further.

Elkem shares fell 2.64 percent on Wednesday morning. DNB Markets Downgrade the stock rating from buy to hold in Tuesday’s analysis.

John Frederiksen’s Vector Frontline continues its upward climb Wednesday morning.

Yesterday the stock jumped 21.04 percent after it became known that the shipping company was finalizing its merger agreement with the Belgian company Euronav. The Saverys put several billion crowns on the table to stop the merger.

Trading in the Oslo Poor’s remained in negative territory all day yesterday. The main index ended down by 0.78 percent by the end of the trading session.

Scandinavian rises

Several companies on the stock exchange have come up with news since the stock exchange closed:

• Norse Airlines 44,000 passengers flew in DecemberAccording to an update from the company. It’s up from about 30,000 in November, but it’s lower than in previous months when ridership was around 60,000. The Scandinavian share rose 2.5 percent around 10 am.
• Debt collection company Exactor It came with an update on the fourth quarter and new goals in the morning hours. In 2022, investments in the non-performing loan (NPL) sector will end, among others, at €288 million (just over NOK 3 billion). The target for 2023 is distressed investments of 100-150 million euros, and for 2024 and beyond 200-300 million. The recovery rate is 99 percent. The share has increased by more than 2 percent at the time of writing.
• Petronor Production increased in the fourth quarter. The company increased its average net production to 4,700 barrels of oil per day in the fourth quarter. This is 1,000 barrels more than the same period last year. The share rose 3.3 percent.
• Kyoto group He raised NOK 60 million in a private placement, according to a message late Tuesday night. The subscription price of the issue is NOK 17.5 per share. Kyoto stock settled at NOK 19.65 per share at Tuesday’s close, down 4.3 percent at 10 a.m.

The rise of global markets

In Asia, there is a huge rise in the stock market in the morning hours. All the leading stock exchanges are on the rise. The Nikkei and the Hang Seng both gained more than 1 percent.

Yesterday’s trading day on Wall Street started quietly, but the trading day finally ended with gains for the three major indices.

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