Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Egypt unrest sinks Oslo stock prices

Share this article

Egypt unrest sinks Oslo stock prices
The Oslo Stock Exchange. File photo: Kyrre Lien/Scanpix
20:33 CEST+02:00
The weak European market and escalating tensions in Egypt were cited at the close on Wednesday as the Oslo Stock Exchange ended trading down by 1.25 percent.

The NTB news agency reported on Wednesday that the stock exchange got off to a weak start on Wednesday morning, but had dipped by the end of the day.

Several key Norwegian companies saw stock prices sink. Statoil was down by 1.34 percent, while Seadrill sunk 1.53 percent. 

Telenor saw a 0.49 dip, with DNB sinking 2.43 percent. 

The Norwegian PMI index, which gauges the attitude among buyers, showed that the mood has not been gloomier for the past four years. The last time the index hit such a low measure was June 2009.

North Sea oil, however, ended the day at a barrel price of 195.72 dollars, an increase of 1.65 percent.

Get notified about breaking news on The Local

Share this article

Popular articles

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?


Popular articles