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Oslo stock exchange opens down on Friday

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NTB/The Local - news@thelocal.no
Published: 12 Jul, 2013 CET.
Oslo stock exchange opens down on Friday
DNB head Rune Bjerke presents second quarters earnings on Thursday. Photo: Fredrik Varfjell/Scanpix

The Oslo stock exchange opened on Friday in the red for the first time this week with the benchmark index down 0.3 percent in early trading.

The Oslo Børs Benchmark Index (OSEBX) fell 0.3 percent to 491.92 points with Norwegian bank DNB among those joining the slide.
 
DNB CEO Rune Bjerke on Thursday announced that the firm had recorded a surplus of 5.18 billion kroner ($775 million) for the second quarter. The news was greeted negatively by the stock market with the DNB's share price tumbling 0.8 percent and the decline continued Friday. After a half hour of trading, DNB's share price had dropped a further one percent.

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