Salmon shares worth 161 billion

Fish farm at Frøya in Sør-TrøndelagFRØYA:. Fish farm at Frøya in Sør-Trøndelag. .Photo Gorm Kallestad / Scanpix

Salmon shares at Oslo Stock Exchange have set a new record. Total market capital is now at 160 billion.

‘Price-wise, it has been a record year. This is also reflected in stock prices, which are at record levels’, said analyst, Kjell Lye Handelsbanken, to the newspaper Finansavisen.

The ‘Seafood Index’ on the stock market has gone up 52% so far this year, and the seven listed farming companies have paid out a total of 5.8 billion in dividends in 2016.

Grieg Seafood and Norway Royal Salmon (NRS) lead among the companies, with respective rises of 156% and 155% since January.

Marine Harvest’s stock has, by comparison, ‘only’ risen 26% so far this year.

‘Historically, Grieg Seafood and NRS have been considered the poorest farmers, but this year they have turned the tables’, said analyst, Marius Gaard, in Swedbank.

Both analysts predict that the good times will continue to roll for farming companies and stock prices.

 

Source: NTB scanpix / Norway Today

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