Alliance Oil, Boliden, Eniro, Fortum: Nordic Equity Preview
The following companies may have unusual price changes in Nordic trading. Stock symbols are in parentheses and share prices are from the previous close.
The Stoxx Nordic 30 Index, the benchmark measure for the region, slipped 0.2 percent to 7,697.36 yesterday.
Alliance Oil Co. Ltd. (AOIL SS): The Russian oil producer said fourth-quarter total oil production rose to 4.1 million barrels compared with 3.9 million barrels in the fourth quarter of 2009. The stock slipped 0.6 percent to 117.70 kronor.
Boliden AB (BOL SS): The Swedish copper and zinc miner will invest 3.9 billion kronor ($585 million) to expand the Garpenberg mine and increase ore production to 2.5 million metric tons annually. The shares fell 1.8 percent to 137 kronor.
Eniro AB (ENRO SS): The Nordic region’s biggest publisher of yellow pages said it will implement a reverse share split on Jan. 27, with the effect that 50 existing shares are consolidated into one new share. The stock gained 1.8 percent to 0.58 kronor.
Fortum Oyj (FUM1V FH): Finland’s biggest utility said its fourth-quarter earnings per share will decrease by 0.18 euros due to accounting treatment of derivatives used for hedging of its power production. The company said the prices of forward- agreements on power were high at the end of 2010. The stock slipped less than 0.1 percent to 22.48 euros.
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