Further sabre-rattling in the Korean peninsula and European default speculators now with Iberian Peninsula in their sights made the black Friday red on the stock market. The late afternoon promise from Spain to increase transparency of debt situation moderated the decline and Nordic markets closed down less than half a per cent.
Atlas Copco received a 170 million SEK order for road construction equipment from Xuzhou Gongli Road and Bridge Construction Machinery Co. Ltd. Outotec received over 70 million turnkey contract from the government of Singapore to deliver a water treatment plant and additional equipment. This continues on the earlier work by Outotec on the large scale project. Both Atlas Copco and Outotec were up slightly for the day.
Bergen Group Offshore finally managed to close a major contract. The contract is an EPCIc modification project for Kvitebjørn pre-compression ordered by Statoil. Contract worth is between 1-1.5 billion NOK and is due to be completed in 2014. Later in the day Bergen group announced another contract, this time a 65 million NOK frigate maintenance. The stock gained 12% for the day.
Golar LNG reported an operating profit north of 20 million USD and gained over 10% on the Oslo exchange. Seawell had its first trading day and was up more than 5%. Morpol ASA managed to break even for Q3. Black Earth Farming joined Alpcot Agro and Trigon Agri on the loss column in a hard year for agriculture in Russia. Asset management and financial advisory services firm Catella was 28 million SEK on the minus for Q3 and lost 7% of its stock market value today. Couple days after a big divestment, Kungsleden found use for the cash and closed a 520 million SEK retail property purchase.
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