Vend-aksjen stuper på Oslo Børs

Oslo Børs saw a significant drop in the Norwegian venture ETF, Vend, on Monday. The ETF fell by 9.9% and was the most traded during the session. The decline followed Nordea downgrading the shares from a "buy" to a "sell" rating, citing concerns about the impact of AI agents on the company's revenue stream. The rating was lowered from 315 to 130 kroner, with the shares trading at 182.2 kroner.

The downgrade was based on the analysts' belief that AI agents could take control of trading volume and income streams, potentially leading to the platform losing control. Other major ETFs also saw a positive trend in Asia, while US stocks rose despite interest rate hikes on Monday. Norwegian, the largest company in the ETF, reported a 6% increase in passengers in September compared to the same period last year, while its rival Widerøe saw a 1% decrease.

Norsk Hydro, another major company in the ETF, announced a cost impact of 90-110 million dollars (around 1 billion Norwegian kroner) in its fourth quarter due to supply disruptions in natural gas to its aluminum refinery in Brazil. The cost impact was reported to be 75-100 million dollars in the third quarter. Additionally, multiple seafood companies, including Måsøval, Bakkafrost, and Lerøy Seafood, updated their third-quarter volumes.

Idex, a fingerprinting company, reported preliminary profits of around 6.6 million kroner in the third quarter, falling short of the previous estimate of over 8.5 million kroner. The company also highlighted its largest fingerprinting order to date, worth over 450,000 US dollars, with delivery starting in the fourth quarter.