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Oslo shares TFN at a glance outlook


Published :
Fri, 18 May 2007 08:16
By : Agencies
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OSLO (Thomson Financial) - Shares are expected to open lower as Brent oil prices were down and as Asian equity markets slid after the region's richest man warned that Chinese share valuations were too high, dealers said.

The OSEBX Benchmark index closed on Wednesday 0.83 points higher at 479.89 and the OSEAX All Share index added 0.96 points to 545.17. The market was closed Thursday.

Total turnover amounted to 13.36 bln nkr.

FORTHCOMING EVENTS

Today

-nothing scheduled

Monday

-Leroy Seafood Group AGM

-Aktiv Kapital AGM.

COMPANY NEW

-Leroy Seafood Group ASA and SalMar ASA will buy Pan Fish Scotland for an enterprise value of 800 mln nkr

-Drilling at the Maeen-1 exploration well in Oman, in which Norwegian group Altinex holds a 50 pct interest, has stopped prior to reaching its target depth after technical problems.

-Scan Geophysical wins contract to do a seismic survey in the Caribbean for Malaysian state ownned oil company Petronas

PRESS REPORTS

-Norsk Hydro staff could end up without board representation in new oil and gas group StatoilHydro, to become operational in the third quarter after earlier this year Statoil bought the oil and gas interest of Norsk Hydro (Dagens Næringsliv)

-Orkla Finans and BSA Capital are poised to invest heavily in the German property market (E24 business news)

patrick.mcloughlin@thomson.com

pm/jlw

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Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.




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