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NORWEGIAN STOCKS-Kongsberg, Hoegh and Questerre rise on deals, upgrades

Published 2018-06-04, 06:05 a/m
Updated 2018-06-04, 06:10 a/m
© Reuters.  NORWEGIAN STOCKS-Kongsberg, Hoegh and Questerre rise on deals, upgrades

OSLO, June 4 (Reuters) -

* Norwegian shares traded up on Monday

* Oslo's benchmark index .OSEBX rose 0.24 pct, or 2.12 points, to 882.65 points and was up by 8.11 pct year-to-date

* The broader Oslo All Share Index .OSEAX was up 0.23 percent

* Brent crude futures LCOc1 , a trigger for the oil heavy Oslo Bourse, fell $0.5 to $76.29 a barrel O/R

* Among the biggest firms on the Oslo Bourse, Equinor EQNR.OL was flat 0.00 pct, Telenor TEL.OL rose 1.44 pct and DNB DNB.OL rose 0.13 pct

* Turnover at the Oslo Bourse was 1.4 billion Norwegian crowns and most traded shares were Equinor EQNR.OL , Telenor TEL.OL and Marine Harvest MHG.OL

* Shares of Kongsberg Gruppen ASA KOG.OL were up 3.17 pct to NOK 189

* Broker DNB Markets raises recommendation to buy from hold and share price target to NOK 210 from 200 after Kongsberg Gruppen on Friday won a missile deal with the U.S. Navy Shares of BW LPG Ltd BWLPG.OL were up 2.22 pct to NOK 35.45, peer Avance Gas AVANCE.OL rose 0.9 pct

* Avance Gas spot index for very large gas carriers rose for the third consecutive week to $6,281 per day from $4,774 the previous week

* Canadian gas explorer Questerre QEC.OL QEC.TO rose 9.5 pct to NOK 6.31

* Questerre says it has settled a lawsuit in Quebec, which means it will acquire exploration rights to 753,000 net acres in the Lowlands area Broker Pareto reiterate buy on Questerre and said it was likely it will raise share price target from current NOK 11 per share Hoegh LNG HLNGH.OL rose 2 pct after winning a 3 year contract for its Esperanza FSRU unit with China's CNOOC Biggest losers: Bergenbio ASA BGBIO.OL -6.54 pct, BW Offshore Ltd BWO.OL -4.21 pct and Nel ASA NEL.OL -3.99 pct

* Abroad European shares .FTEU3 rose 0.54 pct, Japan's main share index Nikkei .N225 ended up 1.37 pct, while in China Shanghai index .SSEC was up 0.52 pct and Dow Jones index .DJI in the United States 0.90 pct on Friday

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