Strong month-end for the Oslo market

Reports, Statistics, Stock Markets — By on May 5, 2014 at 12:02 PM

oslo bors

After an unusually strong surge at the end of the month, with four all-time highs in a row and high trading volumes, the Oslo Børs Benchmark Index closed April up by 2.9% for the month.
  • On 25 April, the Oslo Børs Benchmark Index broke through its previous all-time high from 21 January, and closed at new all-time highs on every day for the rest of the month.
  • Following a weak start to the month, the Benchmark Index gained 2.9% in April and closed the month at 578.37. From its low point for the month around Easter, the Benchmark Index rose quickly and gained 7.1% over the rest of the month. The Benchmark Index closed April with a gain of 5.4% since the start of the year.
  • The level of activity on Oslo Børs so far this year is sharply higher than last year. The average daily value of share trading since the start of the year is NOK 4.5 billion, which is 29.2% higher than in the same period last year. The daily average number of transactions has increased by 16.3%.
  • The volume of share trading in April was affected by the Easter holiday and by there being relatively few corporate actions, but picked up with the start of the company results season. The average daily value of share trading in April was NOK 4 billion, with a daily average of 84, 193 transactions. These figures are respectively 12.6% and 10.3% higher than in April 2013.
  • New issue activity also showed an increase in April. Three new companies were listed on the Oslo Børs and Oslo Axess marketplaces in the month. This brings the number of new listings this year to four companies. In addition,  two companies have been approved for listing. By comparison, in 2012 four new companies were listed on the Oslo Børs and Oslo Axess marketplaces, and 12 companies were listed in 2013.

The average daily value of share trading (number of transactions and NOK billion):

Oslo Børs Benchmark Index month by month:

Oslo Børs Benchmark Index month by month

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