Oslo Børs rises for the fourth day in a row

The market showed a small gain Friday, and Hovedindeksen ended the day at 1469 points, which is an increase of 0.3 percent. The week as a whole showed a gain of 1.6 percent. The index has now closed up for the fourth day in a row.

159 shares showed a gain and 124 showed a loss. 18 shares were unchanged and closed at the same price as the previous day. There was no trading in 24 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 5.4 billion.

Solstad Offshore closed at 40.00 kroner after a solid gain of 21.2 percent. The previous time the stock gained this much was May 13. 2022, when it closed up 28.7 percent. It also looks good technically. The stock is trend wise negative in the medium term, but has broken up through resistance at 37.50 kroner.
Thor Medical ASA rose sharply to close at 4.20 kroner, up 42.9 percent. We must go back to Dec 22. 2023 to find an equally strong rise. That time the stock gained 50.0 percent. The stock has now risen for the ninth day in a row and this past week the stock has gained as much as 146.5 percent. The volume was also high. At session end it was bought and sold shares for about 122 million kroner in the stock, which equals 10 times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 1.66 kroner and a further increase is indicated.
Shelf Drilling ended with a steep loss of 20.1 percent and closed at 10.20 kroner. We must go back to Apr 2 to find an equally steep drop. That time the stock lost 24.6 percent. It was also very high volume. Overall it was traded for 134 millions kroner in the stock, which is 22 times as much as normal daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 18.00 kroner and a further decline is indicated.
Mowi gained 0.9 percent to 203 kroner. The stock thereby broke the earlier top it set Mar 5 and reached a new year-high. The stock has now closed up for the sixth day in a row. It also looks good technically. The stock is trend wise positive in the medium term, has support at 195 kroner and a further increase is indicated.
SalMar closed at 589 kroner after a solid gain of 3.2 percent. The stock has never gained more in one day since Feb 16, when it was up 3.7 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.

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Winners Friday

Thor Medical ASA42.93%
Solstad Offshore21.21%
Aker BioMarine8.76%
poLight8.18%
EAM Solar7.67%

Losers Friday

Shelf Drilling-20.13%
Ensurge Micropower-5.12%
Argeo ASA-5.04%
Cavendish Hydrogen ASA-4.51%
BerGenBio-3.75%

Most traded Friday

Equinor964.69
Norsk Hydro276.31
DNB Bank269.50
Kongsberg Gruppen214.51
Frontline Plc201.78

Today's free analyses Mowi

 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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