The salmon price has fallen by two euros per kilo from the price peak in early summer. Spot prices are under seasonal pressure. But this year, as in late summer last year, the salmon giant has risen to new heights.
No shares are more traded today on the Oslo Stock Exchange than Marine Harvest’s, which have risen 2.7 percent. Shares worth nearly € 40 million have changed hands. The stock price, around lunch time Monday, is NOK 158.80.
It has never been higher.
This implies a market value of € 8.4 billion.
There has been no company-specific news pulling the stock upwards – only investment bank ABG Sunndal Collier’s new sector report, which provides a Buy recommendation for all salmon shares on Oslo Stock Exchange, with the exception of Faroese farmer Bakkafrost.
On the current winners’ list, Marine Harvest is following Grieg Seafood (+5.1 percent), Leroy Seafood Group (+2.8 percent), Norway Royal Salmon (+2.9 percent) and SalMar (+2.2 percent) .
