rbavfan wrote:armchairceonr1 wrote:atcsundevil wrote:Do you have a source? Please include a source any time you are posting a news related thread.
Oh sorry, here is link to Norwegian press release: http://www.newsweb.no/newsweb/search.do ... l=S%C3%B8k
Where in that report did it show a 1000 million deficit, which I assume is a 1 billion loss?
I'm pretty sure that the thread starter is mixing up a few things here.
Today 6 Feb Norwegian stocks plunged some 11%, or uncomfortably close to 1000 million NOK = some US$110 million. Market cap now reduced to NOK 7323 million. That's likely where he found the figure 1000 million.
Well, everything plunged today due to the yesterday Wall Street crash. But while Easyjet, Ryanair, and also the total Oslo stock market fell around 2.5%, on par with most leading European stocks, then Norwegian stocks fell four times deeper. So sure the Oslo Stock Exchange didn't like what they saw today.