Wednesday, May 16, 2018

Norwegian OSEAX Forecasts and Predictions for 2018

The Norwegian OSEAX which is commonly referred to as Oslo Bors. It is an independent stock exchange which has over the years grown into one of the sturdiest exchanges in the world. Oslo Bors has hundreds of companies listed on it and this serves to make it very vibrant and important in the stock market. It is important to note that all trading on OSEAX is done through computer networks and trading ends at 1630 hours having started at 0900 hours (local time.

The performance of OSEAX so far

In the past 12 months preceding May 2018, OSEAX experienced a rather volatile period. At one point, the OSEAX points dropped to 690.8. Given that the market’s points were at a high of 884 on May 13th, 2018, it means that a rise of more than 22% was experienced in the past 12 months.

When we look at YTD - year-to-date, statistics, OSEAX has gained 7.90%, at least since the year started. Over the few past months of 2018, OSEAX has touched a low of 770 points. It is in the month of May 2018 (11th May) when OSEAX reached its all-time high of 1,002.41 points. This is a big contrast to January 1983 when an all-time low of 13.97 was touched.
What to expect in 2018 and 2019

Reported by, the current rally at OSEAX can be attributed to the good performance of many of the Norwegian stocks. Even though Oslo Bors points were trading at below 880 points on May 13th, it was only two days before that it had managed to break the 1,000 points ceiling.

Based on the current market trend, we expect the OSEAX points to trade at 885 by the time second quarter of 2018 is coming to a close. According to Trading Economics global macro models and market analysts, OSEAX is expected to trade at 837 by the end of 2018 and at 813 by the end of Q1 2019.

The global stock market is expected to drop in the next 1-2 years. In Europe for example, the FTSE 100 is predicted to close the year at 6,490 points and to close Q1 of 2019 at 6,327. In mid-May 2018, it was trading at 6,826 points. The American Dow Jones which was trading at 22,844 in May 2018 was predicted to drop to 20,817 in Q1 2019.

We expect that the stock markets will fall in the coming months mainly because investors will be anticipating that economic growth will hurt due to the trade war between the U.S and China. To add on to this, there is geopolitical tension building up between Saudi Arabia and Iran. The tension between European Union and Russia will also take center stage in the coming months. All these factors will play a part in making the OSEAX points drop.