1▲1 | SALM | SalMar ASA | 82+6 | 95+11 | 55+3 | 38-20 | high | Explosive 13.3% 5-day and 11.3% 20-day surge with vsMA +10.5% and price at 20-day high signals very strong aquaculture buying momentum, likely driven by rising salmon spot prices. | ▼ |
2▲4 | AUSS | Austevoll Seafood ASA | 76+4 | 88+10 | 52+2 | 55-10 | high | Strong 8.5% weekly gain and price at the 20-day high reflects broad aquaculture sector tailwinds, with Austevoll benefiting as a major salmon value-chain player. | ▼ |
3▲1 | MOWI | Mowi ASA | 74 | 85+8 | 54+2 | 58-14 | high | Solid 6.7% weekly return and price at 20-day high confirms aquaculture sector momentum, with MOWI's scale providing moderate earnings quality resilience. | ▼ |
4▲1 | YAR | Yara International ASA | 68-6 | 80-5 | 50-2 | 52-1 | medium | Strong 4.4% weekly gain and vsMA +5.6% at 20-day high suggests improving fertiliser pricing dynamics and a potential re-rating, though commodity input costs remain a risk. | ▼ |
5▲2 | STB | Storebrand ASA | 67-1 | 72+7 | 58 | 82-3 | medium | Storebrand trades at its 20-day high with low realised volatility (3.1%) and steady +3% weekly return, supported by a constructive Nordic rate environment for life insurance. | ▼ |
6▼3 | NHY | Norsk Hydro ASA | 65-10 | 75-8 | 52-2 | 60+7 | medium | Norsk Hydro's 8.9% 20-day gain and position near 20-day highs (Rng 89%) reflects aluminium price recovery and energy cost normalisation, with low volatility supporting the setup. | ▼ |
7▲2 | DNB | DNB Bank ASA | 65-2 | 68-2 | 60 | 80+12 | medium | DNB shows resilient 5.5% monthly momentum with very low volatility (4.3%) and a solid position in the 20-day range, supported by a robust Nordic lending environment. | ▼ |
8— | SCATC | Scatec ASA | 60-8 | 68-8 | 45-3 | 58+4 | medium | Scatec's 6.8% 20-day gain and improving vsMA suggest positive renewable energy sentiment, though the sector carries project-execution and financing risks that temper conviction. | ▼ |
9▲3 | AKRBP | Aker BP ASA | 58-2 | 58-2 | 58 | 58 | medium | Brent at $88/bbl is constructive for Aker BP's cash flows, and the 3.4% 20-day gain is positive, but a mild 5-day dip and mid-range positioning limit near-term upside conviction. | ▼ |
10▼9 | BWLPG | BW LPG Limited | 57-21 | 62-30 | 50 | 38-2 | medium | BW LPG shows a solid 6.6% monthly gain driven by LPG shipping demand, but high volatility (14.6%) and mid-range positioning reduce near-term conviction. | ▼ |
11— | SUBC | Subsea 7 SA | 55-7 | 60-2 | 52-3 | 48+3 | medium | Subsea 7's strong 9.6% 20-day return reflects healthy offshore capex spending, but a 2.1% 5-day pullback and mid-range positioning suggest near-term consolidation. | ▼ |
12▲1 | KOG | Kongsberg Gruppen ASA | 54-4 | 52-3 | 58-4 | 40-2 | medium | Kongsberg's 6.6% monthly gain underpins the structural defence/maritime technology tailwind, but a 2.6% weekly decline, elevated volatility (13.3%), and below-MA pricing warrant caution short-term. | ▼ |
13▲1 | EQNR | Equinor ASA | 52-4 | 42-13 | 60 | 56 | medium | Equinor's modest positive vsMA and Brent support at $88 provide a floor, but negative 5-day and 20-day returns and mid-range price positioning signal a lack of near-term buying momentum. | ▼ |
14▼4 | TEL | Telenor ASA | 52-11 | 45-13 | 55-3 | 88 | medium | Telenor's extremely low volatility (2.6%) and 91% range position offer defensive stability, but near-flat momentum (+0.4% weekly, +0.6% monthly) signals limited upside catalyst near-term. | ▼ |
15— | ORK | Orkla ASA | 22+4 | 8 | 42-3 | 48+8 | low | Orkla's sharp -6.9% weekly and -9.2% 20-day selloff, trading at just 1% of its 20-day range with vsMA -6.2%, signals strong downward pressure with no near-term catalyst to reverse the trend. | ▼ |