Rec Silicon continues its ascension while the Stock Exchange falls – E24


The solar cell company Rec Silicon will shoot further up on the Oslo Stock Exchange with more than a 10 percent rise on Wednesday. Stock market debutant Norcod falls on the first trading day.

Håkon Mosvold Larsen


The Oslo Stock Exchange started on Wednesday relatively without the big movements, but at lunchtime the mood has soured.

The main index falls 1.47 percent to 864.59 points.

New Merkur Market listing

Thursday is the first trading day for the cod farmer Norcod at the Oslo Stock Exchange’s little brother Merkur Market.

The company was listed at NOK 50 per share. A few hours into trading, the share is down 2.90 percent to 48.55 kroner.

Norcod will be the 27th company to be listed on Merkur Market so far this year.

Rec issue completed

So far in October, Rec Silicon has risen over 200 percent on the stock exchange. On Thursday, the solar cell manufacturer will continue to rise on the Oslo Stock Exchange.

Rec share rises 10.28 percent.

In the morning, the company announced that they have raised NOK 1 billion in a share issue. The company will also carry out a repair issue of around 18.5 million shares at a price of NOK 10.8.

On Thursday, the solar cell company also announced that they have entered into a settlement with Grant County in the state of Washington in connection with a property tax case at the Rec facility at Moses Lake.

Rec Silicon succeeds with raising capital Rec Silicon rocket on the Oslo Stock Exchange – up over 60 percent

Result forecast from Mowi

Before the stock market opened, salmon giant Mowi announced that they expected a sharp fall in operating profit in the third quarter. The fall in profit will be about 80 million euros in the third quarter (869 million kroner), the company believes. Complete Mowi results will be presented on November 4.

– In sum, this is a decent update with harvest volumes as expected, operating profit above consensus, probably driven by a strong Consumer Product business, but also better farming in Norway, writes marine analyst Christopher Robin Vinter in Sparebank 1 Markets in a note reproduced by TDN Direkt .

Mowi shares rose 2.75 percent in early trading, but have since fallen back to 0.09 percent.

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Mowi expects a sharp fall in operating profit in the third quarter

Red internationally

The oil price is before the stock market opening at 43.20 dollars, down 0.55 percent for the day.

The stock markets in both Asia and Europe are pointing down on Thursday morning. The Hong Kong stock market is down 2.06 percent, while the Dax index in Germany is down over 3 percent.

International stock market developments follow a decline on Wall Street on Wednesday. The three leading indices on Wall Street fell after Finance Minister Steven Mnuchin said it would be difficult to put in place a new crisis package for business before the election. The broad S&P 500 index fell 0.66 percent.

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