The solar cell company Rec Silicon and the shipyard Havyard will launch further on the Oslo Stock Exchange on Wednesday. Hydrogen shares Nel, Hexagon and Hydrogenpro fall heavily.
The Oslo Stock Exchange started on Wednesday relatively without the big movements, but now the main index falls 1.7 percent to around 862 points after the mood soured around lunchtime.
The oil price is down 3.5 percent to $ 41.90 a barrel.
Lead heavy for hydrogen
Nel is the most traded share on Thursday. The share falls 5.3 percent on Thursday afternoon.
Hexagon also falls 5.6 percent, while newcomer Hydrogenpro falls 7.2 percent.
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 fell 2.90 percent to NOK 48.55, but Norcod has since risen to NOK 49.5.
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.
The Rec share rises just over 6.3 per cent in the afternoon after having risen above 10 per cent earlier in the day.
Rec Silicon succeeds with raising capital Rec Silicon rocket on the Oslo Stock Exchange – up over 60 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 announces 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.
Yesterday’s winner, Havyard, rises 6.7 percent.
The Havyard share shot up over 150 percent on an otherwise flat trading day: – I have not experienced anything like this before
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 into red territory.
Mowi expects a sharp fall in operating profit in the third quarter
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