1▲1 | STB | Storebrand ASA | 72+4 | 85+10 | 58 | 68 | high | Storebrand is the momentum leader in the portfolio — at its 20-day high (100% range), +6.8% over 20 days, and +3.7% last week — with low volatility and structural tailwinds from Nordic pension savings growth. | ▼ |
2▼1 | ORK | Orkla ASA | 68-8 | 75-13 | 58-2 | 72+20 | medium | Orkla is a clear relative-strength standout with +2.5%/+7.5% 5d/20d returns and 78% range positioning, backed by its defensive consumer staples business and stable NOK revenue base. | ▼ |
3— | DNB | DNB Bank ASA | 62+10 | 65+10 | 58-2 | 82+17 | medium | DNB displays constructive momentum with +3.6% over 20 days, 68% range positioning, and the lowest volatility in the universe at 5.8%, supported by a stable Nordic credit environment. | ▼ |
4— | SUBC | Subsea 7 SA | 58+11 | 60+15 | 55+3 | 62+10 | medium | Subsea 7 holds moderate positive momentum (+5.8% 20d) with 61% range positioning, benefiting from a healthy offshore services order book even as energy prices soften. | ▼ |
5— | KOG | Kongsberg Gruppen ASA | 55+13 | 50+15 | 65+10 | 55+13 | medium | Kongsberg retains a strong structural defence-spending thesis and is near its 20-day moving average at 52% range positioning, with mild short-term softness after a strong run. | ▼ |
6▲1 | SCATC | Scatec ASA | 38+5 | 35+10 | 38 | 58+13 | low | Scatec has partially stabilised with a flat 5-day return and sits near its moving average, but the -7.1% 20-day trend and renewable sector funding headwinds limit near-term upside conviction. | ▼ |
7▼1 | TEL | Telenor ASA | 35-1 | 18-2 | 52+2 | 68 | low | Telenor sits at its 20-day low with a -6.0% monthly decline; its defensive telecom profile provides fundamental support but momentum is clearly negative with no visible near-term catalyst. | ▼ |
8▲3 | EQNR | Equinor ASA | 32+6 | 20+8 | 48+6 | 40+14 | low | Equinor shows slightly better resilience than Aker BP with only 8% range positioning, but $73 Brent and a -10.6% 20-day return signal continued selling pressure from energy macro headwinds. | ▼ |
9▲3 | YAR | Yara International ASA | 30+5 | 18+6 | 38+3 | 36+6 | low | Yara has failed to recover from a -13.7% monthly decline and sits at 6% of its 20-day range, with fertiliser price weakness and high commodity cost sensitivity creating a negative near-term setup. | ▼ |
10▲3 | AKRBP | Aker BP ASA | 28+4 | 14+4 | 40+2 | 42+14 | low | Aker BP faces a double headwind of -11.4% monthly decline and Brent crude at $73/bbl, a level that compresses Norwegian E&P free cash flow and dividend sustainability. | ▼ |
11▼3 | MOWI | Mowi ASA | 25-7 | 12-13 | 45 | 60 | low | Mowi sits at its 20-day low with broad aquaculture sector selling pressure; slightly better momentum resilience than peers but still a weak short-term setup. | ▼ |
12▼3 | AUSS | Austevoll Seafood ASA | 22-6 | 8-10 | 42+2 | 55-7 | low | Austevoll is at its 20-day low with a -9% monthly decline and no positive catalyst visible, as salmon spot prices are unavailable and sector sentiment is broadly negative. | ▼ |
13▼3 | BWLPG | BW LPG Limited | 22-5 | 8-7 | 40 | 37+7 | low | BW LPG is at its 20-day low with -7.1% on both 5d and 20d timeframes, and LPG shipping rates face pressure from normalising US propane export growth and softer Asian demand. | ▼ |
14▲1 | NHY | Norsk Hydro ASA | 18+3 | 5 | 35+7 | 22+7 | low | Norsk Hydro is the worst-performing stock over 20 days (-24.8%) with a Vol reading of 28.8% — the highest in the universe — reflecting severe aluminium price and global demand concerns. | ▼ |
15▼1 | SALM | SalMar ASA | 15-7 | 4-6 | 40-2 | 35-3 | low | SalMar is the worst performer in the universe with a -13.5%/-17.4% 5d/20d drawdown, sitting at its 20-day low with the highest volatility in the aquaculture group. | ▼ |