(Obi.no:) the Oslo stock Exchange fell, unsurprisingly, from the start on Thursday after Wall Street went on its biggest endagsfall since February. The turmoil spread further to Asia, where stock exchanges in China and Japan ended down over four per cent.
the Oslo stock Exchange is also not unaffected, and the main index ended down 2.6 per cent to 890,91 points in Thursday’s trade.
It is according to the E24 makes the fall the trading day to the worst since the 27.June 2016.
After a restless morning, started the collection at 12.30-the time. It was still far from enough to make up for the losses from earlier in the day. All of the shares that make up the benchmark index, ended the day in red, apart from the technology company Asetek, which went up 6.4 per cent.
Steep decline
Among all the traditional børslokomotivene pointed out, however, the arrows down, in many cases, steep down. Equinor fell 3.4 per cent, while Subsea 7 and Aker went down respectively to 3.9 and 4 per cent. DNB (-2,3%) and Hydro (-2,1 per cent) did better than the benchmark index, while the “winner” on the top-ten list was Marine Harvest, the one that got away with a downturn of 1 per cent.
oil prices swung to partly much through Thursday, and then the Oslo stock Exchange closed had the price of a barrel nordsjøolje fell by around one and a half percent to 81,36 dollars.
Fall on the Oslo stock Exchange today must be seen in context with the development in the united STATES and Asia in the night. The fundamental factors for the Norwegian stock market is relatively good, with a strong, long-term economic where especially the oil industry heralds a surge into next year, ” comments senior economist Halfdan Grangård in Handelsbanken Capital Markets to the Obi.no.
How bad can it be?
How bad it is for the Oslo stock Exchange in the days ahead, will thus, according to the Grangård largely determined by developments in the international stock markets.
Lower risk appetite internationally, provides normally a major impact for a relatively small stock exchange as the Norwegian. Our hovedsyn is that the risk for global equities is relatively balanced when a browser three to six months forward in time. So over time, we expect moderate, positive returns from global equities, says the economist.
Additional risk factors
at the same time does not rule out this according to the Grangård that we can see further fall in the next few days on the outlook for higher interest rates in a situation, where in particular the us market is high-priced.
Sour mood between the united STATES and China around the handelsspørsmål, the Italian statsgjeldssituasjonen, a flare-up of valutauroen in EM and a worsening of growth prospects in China and oil prices are all risk factors also for the Oslo stock Exchange.
KRISESTEMNING: There were several nervous souls on Wall Street when the american stock exchange opened to the new day after it went on its biggest endagsfall since February on Wednesday. Photo: NTB Scanpix Show more
– On the other hand, we believe that solid economic growth and good prospects for earnings in the Norwegian listed companies will be able to contribute to the good return on the Oslo stock Exchange in the next three to six months, the end seniorøkonomen in Handelsbanken Capital Markets.
Quiet start in the U.S.
the Downturn both on the Oslo stock Exchange and elsewhere in the world was expected after the Wall Street on Wednesday had its worst day in several months. In Asia came Tokyo with downwards with a fall of 4 per cent, while the Hang Seng index in hong Kong fell 3.7 per cent.
In Europe ended with the FTSE 100 index down 1.5 percent. CAC 40 in Paris was down 1.2 per cent, while the DAX index in Frankfurt fell by a more modest 0.8 per cent.
Wall Street had a quiet start the day thereon. After two minuttres trading on Thursday was the Dow Jones index 0.2 per cent lower than sluttnoteringen the day before. The broader index S&P 500 also fell 0.2 per cent, while the main index on the teknologbørsen the Nasdaq was down 0.1 per cent.
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