Heavy trading on Oslo exchange

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The Oslo Stock Exchange (OSE) recorded its highest volume so far this year on Tuesday, with shares worth a total of NOK 16.2 billion changing hands. Much of the volume was fueled by the sale of a large chunk of stock in industrial firm Norsk Hydro.

Trading revenues have jumped in recent months, with a stock exchange official reporting that November looks set to be the busiest month of the year. Trading volume had been averaging NOK 3.4 billion per day, but it rose to NOK 5.2 million since November 1.

Transaction volume has also risen, to around 86,000 every day, compared with 72,000 earlier in the year.

newsinenglish.no staff