Urgent.News

One page, thousands of outlets. See who else covered it.

Editions

Finance & Markets

Rolig på Oslo Børs etter rekord

Børsen har steget i syv dager på rad.

Rolig på Oslo Børs etter rekord

Oslo Børs welcomed a strong start on Monday morning, with its main index rising by 0.05 percent upon opening. The price of oil, measured by Brent spot, was at $88.3 per barrel, a slight increase from the previous Friday's closing. This followed a minor decline to just over a dollar after the market closed the prior week. Several of the heavily traded stocks reflected this upward trend: Kongsberg Gruppen fell 0.5 percent, while Equinor saw a modest gain of 0.05 percent.

It has been a prolonged period of positive performance for Oslo Børs, marking its seventh consecutive day of gains. The index reached a new record high at the close of trading, a milestone not reached since April of this year. Stocks like Equinor and Kongsberg Gruppen have played a significant role in this upward momentum, which began early in July.

The record-breaking performances are not limited to Norway's shores; the S&P 500 index in the United States reached a new peak on Thursday but only experienced a slight decline on Friday. Market indicators suggest a cautious approach as Wall Street prepares to open later on Friday. Globally, several exchanges saw positive movement early on Monday.

Investors appear increasingly comfortable with the current market conditions, leading to fewer opportunities for pessimists to exploit, according to market strategist Mark Hackett of Nationwide, as reported by CNBC. Limited significant news from the companies listed on Oslo Børs has emerged since the last trading session.

Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at e24.no →

More in Finance & Markets

More from Monday 17 August →