1— | BWLPG | BW LPG Limited | 76+1 | 88-2 | 55 | 38 | high | BW LPG leads the entire portfolio on momentum — +13.9% over 20 days, +5.5% above MA, at the very top of its 20d range, supported by robust LPG shipping rates and high crude-linked energy activity. | ▼ |
2— | DNB | DNB Bank ASA | 74 | 78 | 65 | 82-6 | high | DNB sits at the top of its 20d range (100% Rng), has the highest positive vsMA reading among financials (+2.0%), and benefits from a stable Nordic macro backdrop supporting loan quality. | ▼ |
3▲1 | SCATC | Scatec ASA | 73+1 | 82 | 52 | 52-3 | high | Scatec is the renewables standout — at the very top of its 20d range (100% Rng), +9.4% over 20 days, and +4.6% above its MA, signalling strong positive momentum with no bearish catalysts. | ▼ |
4▼1 | YAR | Yara International ASA | 72 | 80 | 60+2 | 48-2 | high | Yara is the top performer in Materials with +9.9% over 20 days, +4.0% above its MA, and at 88% of its 20d range, reflecting improving fertiliser pricing and USD/NOK tailwinds for this exporter. | ▼ |
5— | EQNR | Equinor ASA | 70 | 67 | 65 | 63-2 | high | Equinor is well-positioned with Brent near $99, positive 5d and 20d momentum, and a large diversified energy portfolio providing stability at current crude prices. | ▼ |
6— | AKRBP | Aker BP ASA | 68 | 65-3 | 62 | 68-4 | medium | Aker BP benefits directly from elevated Brent crude ($98.89/bbl), positive 20d momentum (+6.7%), and a constructive technical setup trading near the upper half of its range. | ▼ |
7— | NHY | Norsk Hydro ASA | 65 | 68 | 58 | 63-2 | medium | Norsk Hydro shows solid 20d momentum (+3.6%), trades above its MA, and sits at 83% of its range — a clean technical setup supported by aluminium demand and a weaker NOK benefiting export revenues. | ▼ |
8— | STB | Storebrand ASA | 62+2 | 55+1 | 60+2 | 90-2 | medium | Storebrand exhibits the lowest volatility in the portfolio (Vol 3.1%), sits at 81% of its 20d range with positive vsMA, offering a stable low-risk setup despite modest absolute momentum. | ▼ |
9— | SALM | SalMar ASA | 48-4 | 50-5 | 50 | 38 | medium | SalMar is the relative aquaculture leader with a solid 20d gain (+5.1%) and positive vsMA (+1.7%), though the -4.9% weekly reversal introduces near-term uncertainty. | ▼ |
10— | MOWI | Mowi ASA | 40-2 | 38 | 50 | 60 | low | Mowi shows mild 20d recovery (+1.2%) but is still below its MA and lacking a near-term catalyst, leaving it in a neutral-to-weak setup for the coming weeks. | ▼ |
11— | TEL | Telenor ASA | 35-3 | 25-3 | 55+3 | 88 | low | Telenor is in mild short-term decline (-2.7% weekly, -1.2% vs MA, 9% of range) with defensive characteristics but no positive catalyst to generate near-term outperformance. | ▼ |
12— | KOG | Kongsberg Gruppen ASA | 33-4 | 20-4 | 58+3 | 50-5 | low | Kongsberg Gruppen has weakened recently (-1.2% weekly, -3.0% vs MA, 4% of range) despite its strong defence sector narrative, creating a weak short-term technical setup. | ▼ |
13— | SUBC | Subsea 7 SA | 30-5 | 18-4 | 50-2 | 65-3 | low | Subsea 7 is sitting at the absolute bottom of its 20d range (0% Rng) with negative vsMA (-3.3%), suggesting near-term technical weakness despite reasonable sector backdrop. | ▼ |
14— | AUSS | Austevoll Seafood ASA | 28 | 18 | 45 | 52 | low | Austevoll is in a clear short-term downtrend — worst 5d return in the aquaculture group (-7.0%), sitting at only 14% of its 20d range with no positive catalyst visible. | ▼ |
15— | ORK | Orkla ASA | 22 | 12 | 48 | 40 | low | Orkla is in a pronounced downtrend (-11.4% over 20 days, -5.4% vs MA, 6% of range) with no visible catalyst to arrest the slide, making it the weakest setup in the portfolio. | ▼ |