Oslo Børs rises for the fifth day in a row

The market showed a small gain Tuesday, and Hovedindeksen ended the day at 1371 points, which is an increase of 0.2 percent. Overall April showed a gain of 3.2 percent. The index has now closed up for the fifth day in a row.

180 shares showed a gain and 118 showed a loss. 21 shares were unchanged and closed at the same price as the previous day. There was no trading in 11 shares.

Total value of the trading volume for shares and primary capital certificates Tuesday was approximately 7.3 billion.

Höegh Autoliners closed at 117 kroner after posting a gain of 14.5 percent. We must go back to Feb 8 to find an equally strong rise. That time the stock gained 14.9 percent. The volume was also high. At session end it was bought and sold shares for about 388 million kroner in the stock, which equals four times mean daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has broken up through resistance at 110 kroner and a further increase is indicated.
Scatec closed at 81.55 kroner after a solid gain of 10.0 percent. We must go back to Nov 2. 2023 to find an equally strong rise. That time the stock gained 16.3 percent. The stock has now risen for the fourth day in a row. The stock triggered a buy signal by the break up through the resistance at 78.34 kroner in rectangle formation. A further increase to 92.34 kroner within four months is indicated. The volume was also high. At session end it was bought and sold shares for about 140 million kroner in the stock, which equals six times mean daily turnover.
Wallenius Wilhelmsen moved up and ended at 113 kroner, which is an increase of 2.0 percent. The stock has now risen for the eighth day in a row and this past month the stock has gained as much as 26.9 percent. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Storebrand moved horizontally and closed at 107 kroner (+0.2 percent). The stock has now closed up for the eighth day in a row and this past week the stock has gained as much as 9.2 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 92.00 kroner and a further increase is indicated.
Kongsberg Gruppen gained 2.7 percent to 786 kroner. Since the buy signal from the rectangle formation four months ago, the stock now has gained 61.5 percent.

Markedskommentar

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Winners Tuesday

Höegh Autoliners14.45%
Napatech12.82%
Havila Shipping10.65%
Scatec9.98%
Lifecare5.90%

Most traded Tuesday

Equinor818.66
DNB Bank512.41
Höegh Autoliners388.04
Norsk Hydro362.08
Aker BP306.20
 


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.


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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