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NORWEGIAN STOCKS-Oslo hit by lower oil price, Norwegian Air weak before May traffic

Published 2018-06-05, 09:18 a/m
Updated 2018-06-05, 09:20 a/m
© Reuters.  NORWEGIAN STOCKS-Oslo hit by lower oil price, Norwegian Air weak before May traffic

OSLO, June 5 (Reuters) -

* Norwegian shares traded down on Tuesday

* Oslo's benchmark index .OSEBX fell -0.30 pct, or -2.65 points, to 879.44 points and was up by 8.30 pct year-to-date

* The broader Oslo All Share Index .OSEAX was down 0.5 percent

* Brent crude futures LCOc1 , a trigger for the oil heavy Oslo Bourse, fell $-1.01 to $74.28 a barrel O/R

* Among the biggest firms on the Oslo Bourse, Equinor EQNR.OL fell 1.26 pct, Telenor TEL.OL rose 0.65 pct and DNB DNB.OL rose 0.44 pct

* Oil-related stocks PGS PGS.OL , Aker BP (LON:BP), DNO DNO.OL and TGS TGS.OL fell 1-5 pct

* Turnover at the Oslo Bourse was 2.6 billion Norwegian crowns and most traded shares were Equinor EQNR.OL , Marine Harvest MHG.OL and DNB DNB.OL

* Shares of dry bulk shipper Golden Ocean Group GOGLT.OL were up 1.86 pct to NOK 71.3

* Dry bulk rates rose for fourth straight session Norwegian Air NWC.OL fell 3.0 pct, will announce traffic figure for May tomorrow at GMT 0600

* Consensus for May yield is 0.36 and load factor 87.2 pct Danske Bank believe consensus is too optimistic on yield and load factor estimates, though it still has a buy recommendation and a share price target of NOK 350

* Chemical tanker firm Odfjell ODF.OL gained 7 pct after its capital markets day Biggest gainers: Next Biometrics Group ASA 13.45 pct, Questerre Energy Corp 10.49 pct

* Next Biometrics wins "key" hardware certification in India Biggest losers: Funcom NV FUNCOM.OL -5.91 pct, Idex ASA IDEX.OL -4.65 pct

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* Abroad European shares .FTEU3 rose 0.30 pct, Japan's main share index Nikkei .N225 ended up 0.28 pct, while in China Shanghai index .SSEC was up 0.75 pct

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