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Main index got a boost on springy 2.82 percent to 488.09 points. Soon the whole loss from the violent exchange landslide in January soon picked up completely. So far this year the Oslo Stock Exchange down paltry 0.55 percent.
New records swirl of oil has been a major contributor to this collection. In addition, the companies both at home and abroad delivered results that are not as bad as the market had feared. Together with the absence of bad news has led to international bourses did very well after Easter.
Constant price records in the oil market are welcomed since over half of the companies listed are dependent on oil price developments. At the same time, other commodities have risen sharply and dragged swirl stocks upward. Tuesday reached North Sea oil contracts with delivery in June a new record level of $ 120.99 a barrel, and the contracts remained just below this level much of the trading day. It was true before the weekly oil inventory report from the United States was released. The focus of the market has been unrest in Nigeria and the Middle East and fears that supplies of crude oil will be affected. Along with good macro reports in the United States has led to new price records.
Giants showed the way StatoilHydro rose to a new record high of 4.19 percent to 196.30 kroner. Never before has the Norwegian oil giant has been priced higher swirl and the value is 626 billion. In the past, brokerages jacked up their oil price forecasts and the means normally that the upward adjustment of earnings expectations for the major oil companies.
Several heavyweights also shows top form. Fertiliser company Yara was lifted 3.63 percent swirl to 400 million, while Orkla was an increase of 4.08 per cent to 74 million. Telenor rose 1.84 percent to 110.50 million, while REC rose 1.77 percent to 172.75 kroner.
Women in the oil record high oil prices also turns out to be successful for oil service companies. Subsea 7 rose 7.40 percent to 141.50 million, while Acergy was lifted 4.78 percent to 131.50 kroner. Aker Solutions, formerly Aker Kvaerner, ended the day with a plus 6.35 percent to 138.25 kroner.
Norwegian Hydro went ex-dividend of NOK 5 per share and it meant that the share price was down 5.58 percent to 77.90 dollars. Compared to yesterday's closing price, the decline was 4.60, as aluminum producer hangler matter somewhat after the other heavyweights.
DnB Nor rose 3.36 percent to 73.90 dollars and thus defies a new analysis from Credit Suisse. The brokerage has cut target price of DnB Nor to 97 million from 101 million, but retains it as the preferred Nordic bank shares.
Strong buying interest from customers to the online brokers in Nordnet and Netfonds helped along by Neonet to take up the course in the Canadian oil company Questerre which rose 13.99 percent to 16.30 kroner. TTS was lifted after they presented a strong first quarter report. TTS shares ended the day with a gain of 9.18 percent to 80.25 dollars.
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