Oslo Stock Exchange hits new highs

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Trading on the Oslo Stock Exchange has been brisk in recent weeks, with its index hitting 600 for the first time earlier this month and again late last week. The exchange also has reported more listings from foreign firms.

Newspaper Dagens Næringsliv (DN) reported that the Oslo Stock Exchange is among the exchanges that have done the best so far this year. With an increase of around 9 percent in trading volume, Oslo beat out exchanges in Copenhagen, Bombay, Seoul and Milan. Its main index first topped 600 on May 15 and ended at 599.66 late last week.

Statoil, Norway’s biggest company, has literally fueled much of the growth but so have oil services firm Archer, Borregaard and REC Silicon. Hydro and seafood producers Salmar and Lerøy Seafoods have also contributed to brisk trading.

Geir Harald Aase, communications chief at the Oslo Stock Exchange, also noted that it’s attracting more non-Norwegian companies especially within the energy, seafood and shipping sectors.

newsinenglish.no staff