1▲1 | KOG | Kongsberg Gruppen ASA | 88+7 | 97+2 | 60+2 | 35 | high | Exceptional momentum (+21.3% in 20d, +8.4% last week, +11.1% above MA, at 20d high) driven by sustained defence-sector demand and strong Kongsberg order flow. | ▼ |
2▲8 | SUBC | Subsea 7 SA | 82+22 | 90+22 | 58+6 | 42-6 | high | Strong momentum (+8.2% in 20d, +5.2% last week, at 20d high) supported by elevated Brent crude and robust offshore energy-services capex cycle. | ▼ |
3▲3 | AKRBP | Aker BP ASA | 79+9 | 88+13 | 60+5 | 50-5 | high | Strong energy momentum (+7.2% in 20d, +4.7% last week, 93% of range) with Brent at $88.48 supporting E&P cash flows and dividend capacity. | ▼ |
4▲8 | SCATC | Scatec ASA | 75+23 | 86+31 | 48+3 | 55-5 | high | Best 5d performer in Renewables (+6.7%), at 20d high with a solid 20d setup; pared Fed rate-hike bets are mildly positive for capital-intensive renewables. | ▼ |
5▲6 | BWLPG | BW LPG Limited | 74+16 | 84+22 | 55+5 | 62+10 | high | Strong 20d momentum (+9.5%, 95% of range) in LPG shipping, supported by firm energy trade flows and a reasonably stable Vol profile. | ▼ |
6▼1 | EQNR | Equinor ASA | 73+1 | 82+4 | 62+4 | 30-8 | high | Best 20d return in Energy (+10.6%) with Brent supportive, though elevated realised volatility (Vol 14%) and large-cap liquidity temper the near-term upside. | ▼ |
7— | DNB | DNB Bank ASA | 72+7 | 80+12 | 62+2 | 68 | high | At its 20-day high (Rng 100%) with solid 20d momentum (+5.6%) and low volatility, underpinned by a healthy Nordic credit environment and pared rate-hike expectations. | ▼ |
8— | STB | Storebrand ASA | 68+5 | 74+9 | 60+2 | 70+5 | medium | At 20-day high (Rng 100%) with steady +5.2% 20d return and very low volatility (Vol 5.5%), though flat last week limits near-term conviction. | ▼ |
9▼6 | AUSS | Austevoll Seafood ASA | 62-13 | 68-14 | 52+2 | 72+10 | medium | Mild positive momentum (+3.9% in 20d, 85% of range) with low volatility; salmon spot data unavailable limits conviction, but sector tailwinds remain intact. | ▼ |
10▼6 | MOWI | Mowi ASA | 60-14 | 62-18 | 54+2 | 74+6 | medium | Modest positive momentum (+2.6% in 20d) with low volatility (4.7%) but only at 58% of 20d range, suggesting limited near-term upside without a salmon price catalyst. | ▼ |
11▼2 | NHY | Norsk Hydro ASA | 57-5 | 63-5 | 50-2 | 44-4 | medium | Positive 20d return (+5.6%) and moderate range position (65%) supported by aluminium demand, but elevated volatility and USD/NOK pressure on export margins temper enthusiasm. | ▼ |
12▼11 | SALM | SalMar ASA | 56-26 | 60-32 | 54-1 | 52+10 | medium | Best 20d return in aquaculture (+5.4%) but slightly negative last week (-1.1%) and only at 54% of range, suggesting the near-term momentum is fading without a fresh catalyst. | ▼ |
13▲1 | TEL | Telenor ASA | 45+15 | 42+24 | 55+7 | 80+18 | medium | Essentially flat on both 5d and 20d (+0.1%) with minimal price range coverage (68%), offering stability but no near-term catalyst in a low-growth telecom environment. | ▼ |
14▼1 | ORK | Orkla ASA | 30-5 | 24+2 | 50 | 75+10 | low | Clear underperformer with -3.4% over 20d, -1.6% last week, below its 20d MA (-1.0%), and only at 35% of its 20d range — no visible catalyst for reversal. | ▼ |
15— | YAR | Yara International ASA | 22 | 10 | 40-2 | 48-2 | low | Weakest momentum in the universe (-7.3% in 20d, -3.9% below MA, only 5% of 20d range) as fertiliser margins remain under pressure with no near-term recovery catalyst. | ▼ |