Why Oslo Børs Benchmark Index_GI moves
Oslo Børs Benchmark Index fell, moving in line with the market.
Written after the close on ·
Why today
16,413 news analyzed todayOslo Børs Benchmark Index fell, moving in line with the market.
Oslo Børs Benchmark Index has had no company news in the past two weeks, because it is an index tracking many shares rather than one company.
Over the last five trading days it fell very sharply, a move about four times its normal five-day swing and the largest of the past year's comparable stretches.
Heavy trading suggests investors were repositioning quickly across the whole market.
Today's move of −1.31% was 3.2 times a normal day's 0.4%. Oslo Børs benchmark index moved −1.31% on the same day.
Oslo Børs Benchmark Index_GI −1.31%
What followed similar falls?
Including reinvested dividends, Oslo Børs Benchmark Index_GI fell 4.3% over the latest five trading days. Since November 7, 2016, falls at least this large were followed by a higher value 21 trading days later in 9 out of 13 non-overlapping periods. The median was +2.6%, against +1.2% for an ordinary 21-day period, which ended higher 64 times in 100.
Such a fall has not said much about the next month.
+2.6% · 9/13
10,000 NOK in Oslo Børs Benchmark Index_GI bought on November 7, 2016 is worth 32,400 NOK today, with dividends reinvested.
The same amount in OSEBX with dividends would have become 32,400 NOK.
What would 10,000 NOK in Oslo Børs Benchmark Index_GI be worth today? →
What would 10,000 NOK in Oslo Børs Benchmark Index_GI be worth today?
32,400 NOK
with dividends reinvested, bought on November 7, 2016. The same amount in OSEBX with dividends would have become 32,400 NOK.
The five biggest days of the journey
· −8.8% · the whole market fell 8.8% the same day
· −8.1% · the whole market fell 8.1% the same day
· +5.6% · the whole market rose 5.6% the same day
· −5.3% · the whole market fell 5.3% the same day
· −5.0% · the whole market fell 5.0% the same day
Earlier days
−4.27% Oslo Børs Benchmark Index, the main index of Oslo Børs, fell very sharply over the week's trading days. Read →
Oslo Børs Benchmark Index, the main index of Oslo Børs, fell very sharply over the week's trading days.
The move was very big, about four times a normal five-day stretch, and only happened once in the past year.
Oslo Børs Benchmark Index has had no company news in the past two weeks, so the fall likely reflects broad market selling.
Over the same days the wider Oslo Børs benchmark index also fell very sharply, so the index moved in line with the market.
−1.03% Oslo Børs Benchmark Index fell, in line with the market. Read →
Oslo Børs Benchmark Index fell, in line with the market.
Oslo Børs Benchmark Index has had no company news in the past two weeks, and an index has no single company behind it.
Over the last five trading days it fell sharply too, a big move for this index, about twice a normal five-day stretch.
Trading volume was far above its usual level, meaning many more shares changed hands than normal.
The likely drivers are broad market selling, partly pressure on the largest Oslo-listed companies that carry much of the index's weight.
−1.34% Oslo Børs Benchmark Index fell, in line with the market. Read →
Oslo Børs Benchmark Index fell, in line with the market.
No company news explains it, as this is an index rather than a single company.
Over the last five trading days it fell slightly.
The sharp drop likely reflects broad selling across the Oslo market, and trading volume was far above normal, showing heavy activity.
The index remains well above its lowest close of the past year, though it sits near its recent high.
+2.09% Oslo Børs Benchmark Index_GI, the main index of Oslo Børs, rose sharply over the week's trading days. Read →
Oslo Børs Benchmark Index_GI, the main index of Oslo Børs, rose sharply over the week's trading days.
The move was in line with the Oslo Børs benchmark index, and it was an ordinary-sized move for this index.
Oslo Børs Benchmark Index_GI has had no company news in the past two weeks, so the rise likely reflects broad market sentiment.
The index is at its highest close of the past year, well above its lowest close from late November last year.
+1.14% Oslo Børs Benchmark Index_GI rose, in line with the market. Read →
Oslo Børs Benchmark Index_GI rose, in line with the market.
No company news explains it, as the index is a broad basket of shares.
Over the last five trading days it rose clearly, and the same market-wide gain shows the move was driven by the broader market rather than one event.
Trading volume was very heavy, about 76 times a normal session, which suggests strong buying across many stocks.
The index is close to its highest close of the past year, reached in mid September, and well above its lowest, from late November last year.
−0.03% Oslo Børs Benchmark Index_GI, the main index of the Oslo Børs stock exchange, was roughly unchanged over the last five trading days. Read →
Oslo Børs Benchmark Index_GI, the main index of the Oslo Børs stock exchange, was roughly unchanged over the last five trading days.
The broader market was also roughly flat over the same days, so the move was in line with it.
There was no company news for the index this period, so the market backdrop is the main context.
The index is near its highest level of the past year, which suggests broad market strength rather than a single event.
−1.23% Oslo Børs Benchmark Index_GI fell sharply, with no company news behind it. Read →
Oslo Børs Benchmark Index_GI fell sharply, with no company news behind it.
The broader Oslo Børs benchmark index fell sharply too, so the move matched the market.
Trading was far heavier than usual, which suggests a broad sell-off rather than a stock-specific shock.
Over the last five trading days the index was roughly unchanged, so the drop was a single-session move.
Likely drivers are broad market sentiment, global risk appetite and sector flows across the index's constituents.
+1.04% Oslo Børs Benchmark Index_GI rose sharply, without company news. Read →
Oslo Børs Benchmark Index_GI rose sharply, without company news.
The index moved in line with the broader Oslo Børs market, which also rose sharply that day.
Over the last five trading days, the index rose slightly, tracking the market.
Trading volume was well above its usual level, so the broad move drew heavy activity.