Posted on 06/05/2007 10:29:23 AM PDT by tomjohn77
The main index of the Oslo stock exchange broke the 500 point barrier for the first time ever on Friday, an increase of over 400 percent from rock bottom in February 2003.
The companies listed on the Oslo exchange were worth about NOK 2,250 billion (USD 372 billion) on June 1, giving it a greater value than Norway's hefty petroleum fund, known as the Government Pension Fund - Global, which recently passed NOK 1,800 billion in worth.
The Oslo exchange is up 13.5 percent in 2007.
"We are in a period without parallel in Norwegian economic and bourse history," said Oslo stock exchange director Bente Landsnes.
She said that there were few exchanges in the Western world that had developed in recent years at Oslo's pace, and called the exchange a good barometer of the Norwegian economy and industrial development.
"Norwegian companies are well run and are attractive investments for Norwegian and foreign investors," Landsnes said.
(Aftenposten English Web Desk/NTB)
I wonder if any other developed country has the same increase?
Stoltenberg's Fault!
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