Nordic Stocks: Dockwise, Grieg Seafood, Novozymes, Nordicom Shares Move
The Stoxx Nordic 30 Index, the benchmark measure for the region, rose 0.1 percent to 7,052.87 at 1:20 p.m. in Stockholm, gaining 20 percent for the year.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Dockwise Ltd. (DOCK NO) added 1.3 percent to 151 kroner, erasing its 0.7 percent fall on Nov. 5. The world’s biggest operator of ships that haul oil-rig parts and other heavy cargo reported a profit of $13.1 million compared with net income of $8.1 million in the same period a year earlier.
Grieg Seafood ASA (GSF NO) slipped 3.2 percent to 18 kroner, its steepest intraday decline since Oct. 19. The Norwegian fish farmer reported a loss after tax of 14.2 million kroner ($2.4 million) in the third quarter, compared with a loss of 173.5 million kroner in the same period a year earlier. The average estimate of five analysts surveyed by Bloomberg was for a third-quarter profit of 79.2 million kroner.
Heba Fastighets AB (HEBAB SS) rose 3.4 percent to 69 kronor, extending the 1.9 percent rise on Oct. 5. The Swedish real estate company said third-quarter net income more than doubled to 58 million kronor ($8.7 million) from 21.5 million kronor a year earlier.
Novozymes A/S (NZYMB DC), the world’s largest maker of industrial enzymes, advanced 2.6 percent to 720.5 kroner in Copenhagen trading, the stock’s first gain in four days. Novozymes shares were upgraded to “buy” from “hold” at SEB AB with a 12-month share price target of 785 kroner.
Nordicom A/S (NRDC DC) rose 4.1 percent to 10.2 kroner in Copenhagen, gaining for a third day. The Danish property company is in talks with German investors to sell five of its German real estate investments, it said in a statement on Nov. 7.
PA Resources AB (PAR SS) jumped 4.6 percent to 5.75 kronor, its highest level since Oct. 27. The oil and gas company said it plans to reduce costs by delisting from the Oslo stock exchange after a “substantial decrease” in trading. PA Resources will continue to be listed in Stockholm.
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