1— | KOG | Kongsberg Gruppen ASA | 80-2 | 88 | 62 | 52+2 | high | Kongsberg Gruppen is the standout momentum leader with +5.6% weekly, +4.1% monthly, +3.6% above its 20-day MA, and sitting at 93% of its 20-day range, driven by sustained defence and industrial demand. | ▼ |
2— | BWLPG | BW LPG Limited | 76-2 | 85 | 55 | 40 | high | BW LPG is the second-strongest momentum stock with +4.2% weekly, +5.0% monthly, at 89% of its 20-day range and +4.8% above its MA, driven by robust LPG shipping rates and a favourable USD/NOK for USD-denominated revenues. | ▼ |
3▲1 | DNB | DNB Bank ASA | 68+12 | 65+19 | 62+7 | 88+3 | medium | DNB displays the most stable and consistent momentum in the portfolio with +1.5% weekly, +1.3% monthly, positive vsMA, and very low volatility (2.5%), underpinned by a solid Nordic banking backdrop. | ▼ |
4▲1 | SCATC | Scatec ASA | 58+3 | 60+2 | 48 | 50 | medium | Scatec shows constructive momentum with +2.5% weekly and +3.8% monthly gains near its 20-day MA, reflecting improving renewables sentiment and a stable EUR/NOK backdrop for project financing. | ▼ |
5▼2 | EQNR | Equinor ASA | 56-16 | 52-26 | 58-2 | 50+2 | medium | Equinor's +2.5% monthly return and neutral vsMA (-0.1%) at a mid-range 52% position, supported by high Brent crude, make it the more resilient energy name despite a weekly dip. | ▼ |
6▲3 | SUBC | Subsea 7 SA | 55+17 | 55+23 | 50+2 | 40 | medium | Subsea 7's strong +4.1% weekly rebound is encouraging for the offshore services sector, but the -4.8% monthly return and below-MA position suggest the bounce needs confirmation. | ▼ |
7▲5 | STB | Storebrand ASA | 52+22 | 45+23 | 55+7 | 78+10 | medium | Storebrand offers low volatility and a slight positive weekly gain but flat 20-day returns and a middling range position make it a hold rather than a buy at this stage. | ▼ |
8▼2 | AKRBP | Aker BP ASA | 48-4 | 38-7 | 55 | 60+8 | medium | Aker BP benefits from elevated Brent crude at ~$99/bbl and flat 20-day returns, but the -4.6% weekly pullback and below-MA positioning limit near-term conviction. | ▼ |
9▲6 | ORK | Orkla ASA | 44+20 | 42+30 | 50+5 | 72+22 | low | Orkla shows tentative stabilisation with a +0.9% weekly gain and near-neutral vsMA, but the -4.4% monthly return and modest 41% range position suggest only a weak recovery attempt. | ▼ |
10▼3 | YAR | Yara International ASA | 42-4 | 38-4 | 48-2 | 58+3 | low | Yara's momentum is marginally negative across all timeframes with flat-to-weak 43% range positioning; fertiliser market uncertainty keeps conviction low despite reasonable sector defensibility. | ▼ |
11— | TEL | Telenor ASA | 32 | 18-4 | 52+4 | 70-2 | low | Telenor's -2.7% weekly decline has pushed it to only 2% of its 20-day range with negative vsMA, and its defensive telecom profile fails to offset the weak near-term technical picture. | ▼ |
12▼2 | MOWI | Mowi ASA | 24-8 | 10-10 | 45-3 | 45-10 | low | Mowi is at its 20-day low with accelerating negative momentum (-5.0% weekly, -5.6% monthly), and the lack of salmon spot price support makes a near-term recovery unlikely. | ▼ |
13▼5 | SALM | SalMar ASA | 23-21 | 8-30 | 42-6 | 42-1 | low | SalMar sits at its 20-day low after a sharp -7.3% weekly decline, the worst in the aquaculture cohort, with zero range position signalling continued selling pressure. | ▼ |
14▼1 | AUSS | Austevoll Seafood ASA | 22-6 | 10-8 | 40-5 | 38-4 | low | Austevoll sits at its 20-day low with a -4.2% weekly and -6.8% monthly decline, reflecting broad aquaculture sector weakness and no positive catalysts. | ▼ |
15▼1 | NHY | Norsk Hydro ASA | 20-5 | 8-8 | 38-4 | 30-5 | low | Norsk Hydro is the weakest materials name with a -9.3% monthly decline, at only 2% of its 20-day range, and the highest volatility in the cohort at 11.7%, pointing to continued aluminium/energy cost headwinds. | ▼ |