Oslo Børs turned upwards

The market showed a small gain Monday, and Hovedindeksen ended the day at 1408 points, which is an increase of 0.5 percent. The index thereby reversed up after six days of losses.

181 shares showed a gain and 99 showed a loss. 25 shares were unchanged and closed at the same price as the previous day. There was no trading in 16 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 3.6 billion.

Zenith Energy gained 27.4 percent to 0.47 kroner. The stock thereby broke the earlier top it set Jan 11 and reached a new year-high. The stock has now closed up for the fifth day in a row and this past month the stock has gained as much as 161.9 percent. It was also very high volume. Overall it was traded for 12 millions kroner in the stock, which is 11 times as much as normal daily turnover. It also looks good technically. The stock is assessed as technically positive for the medium long term.
Yara International showed a flat development and ended the day at 299 kroner (-0.2 percent). The stock has now fallen for the eighth day in a row. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
Kongsberg Automotive moved up and ended at 2.08 kroner, which is an increase of 13.0 percent. The stock thereby broke the earlier top it set Jan 2 and reached a new year-high. The stock has thereby closed up seven out of the past eight days and this past month the stock has gained as much as 44.7 percent. The volume was also high. At session end it was bought and sold shares for about 34 million kroner in the stock, which equals three times mean daily turnover. Technically it also looks good. The stock is trend wise negative in the medium term, but has support at 1.82 kroner.
PetroNor E&P gained 8.0 percent to 12.18 kroner. The stock thereby broke the earlier top it set May 10 and reached a new year-high. The stock has now risen for the fifth day in a row and this past week the stock has gained as much as 17.8 percent. It was also high volume. Overall it was traded for 11 millions kroner in the stock, which is five times as much as normal daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 10.84 kroner and a further increase is indicated.
Nordic Mining rose sharply to close at 26.75 kroner, up 7.0 percent. The stock has never gained more in one day since Jan 10, when it was up 8.8 percent. It was also high volume. Overall it was traded for 32 millions kroner in the stock, which is four times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.

Markedskommentar

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Losers Monday

Aega-13.00%
NEL-6.29%
poLight-5.71%
Ultimovacs-4.12%
Scana-3.57%

Most traded Monday

Equinor555.66
Kongsberg Gruppen258.66
Aker BP192.93
DNB Bank171.71
Frontline Plc133.21
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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