Prosafe Climbs as Fondsfinans Expects Share Rebound: Oslo Mover
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Prosafe SE, a supplier of floating accommodation units for the offshore oil and gas industry, rose the most on the Oslo stock exchange’s OBX index as Fondsfinans ASA advised investors to buy the stock before a recovery.
The Larnaca, Cyprus-based company rose by as much as 2.4 percent, and traded 2.1 percent higher at 49.58 kroner by 11:50 a.m. in the Norwegian capital. About 295,000 shares were traded today, 28 percent more than the three-month daily average.