Nokia, Moeller-Maersk, Orion, Q-Free: Nordic Equities 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, a measure for the region, rose for a second day, adding 15.49, or 0.2 percent, to 7,634.02 in Stockholm.
The Helsinki 25 Index increased 0.2 percent and the OMX Stockholm 30 Index gained less than 0.1 percent. Norway’s OBX Index decreased 0.3 percent and Denmark’s Copenhagen 20 Index fell less than 0.1 percent.
A.P. Moeller-Maersk A/S (MAERSKB DC): Denmark’s biggest company said its oil unit halted production at a North Sea platform after four of 10 anchor cables were lost in storms. Separately, TSA, a shipping industry group that includes Maersk Line, said transpacific container growth will be “steady” in 2011 as the market will have a relative balance between supply and demand. The stock fell 0.3 percent to 53,150 kroner.
DNO International ASA (DNO NO): Iraqi Prime Minister Nuri al-Maliki will accept the oil contracts that the country’s Kurdish region has signed with international oil companies, which includes DNO, AFP quoted him as saying in an interview. The shares rose 2 percent to 10.35 kroner.
Nokia Oyj (NOK1V FH): The world’s biggest maker of mobile phones may replace half its executive board as Chief Executive Officer Stephen Elop plans a management reshuffle, WirtschaftsWoche reported, without saying where it got the information. Nokia spokeswoman Arja Suominen declined to comment. The stock fell 0.5 percent to 8.125 euros.
Orion OYJ (ORNBV FH): SEB Enskilda cut its recommendation on shares of the Finnish maker of drugs for nervous-system disorders to “hold” from “buy.” The stock rose 0.6 percent to 16.75 euros.
Q-Free ASA (QFR NO): SEB Enskilda raised its recommendation on the shares of the Norwegian maker of toll collection solutions to “buy” from “hold.” The stock rose 1.8 percent to 17 kroner.
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