Nedgang på Oslo Børs – Aker faller videre

Oslo Børsen, the main stock exchange in Norway, experienced a slight decline of 0.81% shortly after it opened on Thursday. Aker's share price fell by 4.3% on Thursday, following a downward trend the previous day. Coreweave, one of the major competitors of Nscale data center company where Aker holds significant shares, saw a sharp decline on Wall Street on Wednesday.

Nordic Semiconductor also dropped by 3.8%. Globally, the trend was downward, with Asian stock markets in Japan and South Korea leading the decline, with technology stocks at the forefront. On Wall Street in the evening, there was a significant drop, indicating potential further tech-related issues in the United States later in the day.

Oil prices also fell back in the early hours. Results season is underway at Oslo Børs, with Entra and Nel releasing quarterly earnings. Hydrogen company Nels reported a significant revenue drop to 112 million kroner in the third quarter, with losses also increasing to a net loss of minus 141 million kroner. Nel highlighted the increase in order intake as well.

Analyst from Danske Bank, Elliott Jones, noted that both earnings and profits were better than expected. He expects the Nel shares to fall after the earnings release but points out that the fall could be tempered by developments in order intake. Nel's shares dropped by 5.1% in early trading. Real estate company Entra reported a loss of 518 million kroner before tax in the third quarter, following a depreciation adjustment of minus 864 million kroner.

Rental income, on the other hand, increased to 782 million kroner. Entra also announced plans to buy back shares up to 200 million kroner. Simen Mortensen from DNB Carnegie noted that the revaluation adjustment was expected and mentioned the share buyback as "positive". He anticipates the shares to open on par with similar shares.

SB1 Markets analyst Vetle Wilhelmsen considers the report "more or less neutral". Other news from Oslo Børs companies includes international stock market declines and unrest around technology shares in recent days. In the U.S., Wall Street had its weakest day since early July, as higher price growth contributed to fears of increasing interest rates in the future.

Technology index Nasdaq fell 1.88%. Technology companies and tech stocks shook in Asia in the morning. The Tokyo Stock Exchange dropped around 5%, while the Seoul Stock Exchange fell more than 8%. Both Samsung and SK Hynix, large weights on the indices, fell by around 11%.