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Oslo Stock Exchange

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61-465: Oslo Stock Exchange ( Norwegian : Oslo Børs ) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed income instruments. The Euronext consortium of European stock exchanges controls Oslo Stock Exchange as of June 2019. Oslo Børs

122-468: A self-owning institution to a public limited company. The ownership of Oslo Børs Holding was spread out between a large number of owners, the largest being DnB NOR (18%). The Nordic stock exchange group OMX held a 10% stake as well. The company was not publicly listed. In 2008 it merged with V erdi p apir s entralen ASA (VPS) to create the new holding company Oslo Børs VPS Holding ASA . Oslo Børs Holding had two subsidiaries, Oslo Børs ASA that operates

183-435: A distinct dialect at the level of farm clusters. Dialects are in some cases so dissimilar as to be unintelligible to unfamiliar listeners. Many linguists note a trend toward regionalization of dialects that diminishes the differences at such local levels; there is, however, a renewed interest in preserving dialects. Norwegian nouns are inflected for number (singular/plural) and for definiteness (indefinite/definite). In

244-548: A few dialects, definite nouns are also inflected for the dative case . Norwegian nouns belong to three noun classes (genders): masculine, feminine and neuter. All feminine nouns can optionally be inflected using masculine noun class morphology in Bokmål due to its Danish heritage. In comparison, the use of all three genders (including the feminine) is mandatory in Nynorsk. All Norwegian dialects have traditionally retained all

305-441: A new Norwegian language at the age of 22. He traveled around the country collecting words and examples of grammar from the dialects and comparing the dialects among the different regions. He examined the development of Icelandic , which had largely escaped the influences under which Norwegian had come. He called his work, which was published in several books from 1848 to 1873, Landsmål , meaning 'national language'. The name Landsmål

366-501: A noun, unlike English which has a separate article, the , to indicate the same. In general, almost all nouns in Bokmål follow these patterns (like the words in the examples above): In contrast, almost all nouns in Nynorsk follow these patterns (the noun gender system is more pronounced than in Bokmål): There is in general no way to infer what grammatical gender a specific noun has, but there are some patterns of nouns where

427-519: A regulated market. Oslo Axess is a regulated and licensed market under the auspices of the Oslo Stock Exchange. The purpose is to promote growth among smaller companies, and give them the benefits achieved by having shares traded on a regulated market . Oslo Axess is intended for companies seeking listing on a regulated market, but that does not meet the requirements for listing on the Oslo Stock Exchange. Investors get protection and

488-489: A seal of approval by the Oslo Axess, but this will however not be as comprehensive as for companies on the stock exchange. The main target group are small and medium-sized companies, including pre-commercial companies. Oslo Axess provides, like the regular stock exchange, access to capital, awareness, growth and liquidity for all listed companies. It will serve as a springboard for companies with ambitions to be listed on

549-473: A six-month trading period. The index is adjusted every third Friday in June and December. OSEBX – The Oslo Børs Benchmark Index (Norwegian: Hovedindeks) is an investable index containing a representative selection of all listed shares on Oslo Børs. The OSEBX is revised on a half year basis and the changes are implemented on December 1 and June 1. OSEFX – The Oslo Børs Mutual Fund Index (Norwegian: Fondsindeks) has

610-532: A stock exchange in Christiania, the capital of Norway from 1814. In 1823, a building committee was appointed to consider the various suggested drawings at the time. The committee chose the architect Christian H. Grosch 's proposal. On July 14, 1826, the Ministry approved the final plans of drawings and budgets. In 1828, it was called Norway's first monumental building, completed on the site called Grønningen,

671-403: A stock exchange, because those papers are easier to sell. OBX – The index comprises the 25 most traded shares listed on Oslo Børs. The OBX index is tradable, meaning that you can buy and sell listed futures and options on the index. Put another way, you can get the same exposure by purchasing an index product as if you buy all the shares (weighted) included in the index. The rating is based on

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732-413: Is Bokmål will study Nynorsk as a mandatory subject throughout both elementary and high school. A 2005 poll indicates that 86.3% use primarily Bokmål as their daily written language, 5.5% use both Bokmål and Nynorsk, and 7.5% use primarily Nynorsk. Thus, 13% are frequently writing Nynorsk, though the majority speak dialects that resemble Nynorsk more closely than Bokmål. Broadly speaking, Nynorsk writing

793-440: Is a pitch-accent language with two distinct pitch patterns, like Swedish. They are used to differentiate two-syllable words with otherwise identical pronunciation. For example, in many East Norwegian dialects, the word bønder ('farmers') is pronounced using the simpler tone 1, while bønner ('beans' or 'prayers') uses the more complex tone 2. Though spelling differences occasionally differentiate written words, in most cases

854-411: Is a language form based on Norwegian dialects and puristic opposition to Danish. The now-abandoned official policy to merge Bokmål and Nynorsk into one common language called Samnorsk through a series of spelling reforms has created a wide spectrum of varieties of both Bokmål and Nynorsk. The unofficial form known as Riksmål is considered more conservative than Bokmål and is far closer to Danish while

915-736: Is comparable with that of French on English after the Norman conquest . In the late Middle Ages, dialects began to develop in Scandinavia because the population was rural and little travel occurred. When the Reformation came from Germany, Martin Luther 's High German translation of the Bible was quickly translated into Swedish, Danish, and Icelandic. Norway entered a union with Denmark in 1397 and Danish, over time, replaced Middle Norwegian as

976-423: Is now considered their classic forms after a reform in 1917. Riksmål was, in 1929, officially renamed Bokmål (literally 'book language'), and Landsmål to Nynorsk (literally 'new Norwegian'). A proposition to substitute Danish-Norwegian ( dansk-norsk ) for Bokmål lost in parliament by a single vote. The name Nynorsk , the linguistic term for modern Norwegian , was chosen to contrast with Danish and emphasise

1037-609: Is regulated by the Norwegian Academy , which determines acceptable spelling, grammar, and vocabulary. There is also an unofficial form of Nynorsk, called Høgnorsk , discarding the post-1917 reforms, and thus close to Ivar Aasen's original Landsmål. It is supported by Ivar Aasen-sambandet , but has found no widespread use. In 2010, 86.5% of the pupils in the primary and lower secondary schools in Norway receive education in Bokmål, while 13.0% receive education in Nynorsk. From

1098-754: Is rising in the first syllable and falling in the second syllable or somewhere around the syllable boundary. The pitch accents (as well as the peculiar phrase accent in the low-tone dialects) give the Norwegian language a "singing" quality that makes it easy to distinguish from other languages. Accent 1 generally occurs in words that were monosyllabic in Old Norse , and accent 2 in words that were polysyllabic. The Norwegian alphabet has 29 letters. The letters c , q , w , x and z are only used in loanwords . As loanwords are assimilated into Norwegian, their spelling might change to reflect Norwegian pronunciation and

1159-526: Is sometimes interpreted as 'rural language' or 'country language', but this was clearly not Aasen's intended meaning. The name of the Danish language in Norway was a topic of hot dispute throughout the 19th century. Its proponents claimed that it was a language common to Norway and Denmark, and no more Danish than Norwegian. The proponents of Landsmål thought that the Danish character of the language should not be concealed. In 1899, Bjørnstjerne Bjørnson proposed

1220-459: Is to write in dialect for informal use. When writing an SMS, Facebook update, or fridge note, many people, especially young ones, write approximations of the way they talk rather than using Bokmål or Nynorsk. There is general agreement that a wide range of differences makes it difficult to estimate the number of different Norwegian dialects. Variations in grammar, syntax, vocabulary, and pronunciation cut across geographical boundaries and can create

1281-534: Is today to a large extent the same language as Bokmål though somewhat closer to the Danish language. It is regulated by the unofficial Norwegian Academy , which translates the name as 'Standard Norwegian'. The other is Høgnorsk ('High Norwegian'), a more purist form of Nynorsk, which maintains the language in an original form as given by Ivar Aasen and rejects most of the reforms from the 20th century; this form has limited use. Nynorsk and Bokmål provide standards for how to write Norwegian, but not for how to speak

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1342-467: Is up to the company itself to apply to be admitted to trading, but the company must meet the applicable requirements, which include the number of owners (range), number of shares, market value and history. To be listed the exchange includes strict requirements on the treatment of confidential information. Companies that meet the requirements for listing can much easier get access to capital through share issues. Many investors only invest in securities listed on

1403-496: Is widespread in western Norway, though not in major urban areas, and also in the upper parts of mountain valleys in the southern and eastern parts of Norway. Examples are Setesdal , the western part of Telemark county ( fylke ) and several municipalities in Hallingdal , Valdres , and Gudbrandsdalen . It is little used elsewhere, but 30–40 years ago, it also had strongholds in many rural parts of Trøndelag (mid-Norway) and

1464-634: The British Isles , France ( Normandy ), North America, and Kievan Rus . In all of these places except Iceland and the Faroes, Old Norse speakers went extinct or were absorbed into the local population. Around 1030, Christianity came to Scandinavia , bringing with it an influx of Latin borrowings and the Roman alphabet . These new words were related to church practices and ceremonies, although many other loanwords related to general culture also entered

1525-613: The Germanic peoples living in Scandinavia during the Viking Age . Today there are two official forms of written Norwegian, Bokmål (Riksmål) and Nynorsk (Landsmål), each with its own variants. Bokmål developed from the Dano-Norwegian language that replaced Middle Norwegian as the elite language after the union of Denmark–Norway in the 16th and 17th centuries and then evolved in Norway, while Nynorsk

1586-596: The Oslo Stock Exchange in Norway . All stocks on the OBX list can be traded with options and futures . The companies on the OBX list are rotated twice a year, on the third Friday of June and December. The following 25 companies constitute the OBX list as of the semi-annual review effective 23 September 2024. In 2003 the index showed 100 points. In May 2008 it showed 522 points. The worst performing days for

1647-574: The 1959 standard. Therefore, a small minority of Nynorsk enthusiasts use a more conservative standard called Høgnorsk . The Samnorsk policy had little influence after 1960, and was officially abandoned in 2002. While the sound systems of Norwegian and Swedish are similar, considerable variation exists among the dialects. The retroflex consonants only appear in East Norwegian dialects as a result of sandhi , combining / ɾ / with / d / , / l / , / n / , / s / , and / t / . The realization of

1708-475: The 20th century, being used by large newspapers, encyclopedias, and a significant proportion of the population of the capital Oslo, surrounding areas, and other urban areas, as well as much of the literary tradition. Since the reforms of 1981 and 2003 (effective in 2005), the official Bokmål can be adapted to be almost identical with modern Riksmål. The differences between written Riksmål and Bokmål are comparable to American and British English differences . Riksmål

1769-501: The Dano-Norwegian koiné , known as "cultivated everyday speech." A small adjustment in this direction was implemented in the first official reform of the Danish language in Norway in 1862 and more extensively after his death in two official reforms in 1907 and 1917. Meanwhile, a nationalistic movement strove for the development of a new written Norwegian. Ivar Aasen , a botanist and self-taught linguist, began his work to create

1830-399: The Ministry of Culture, official spelling, grammar, and vocabulary for the Norwegian language. The board's work has been subject to considerable controversy throughout the years. Both Nynorsk and Bokmål have a great variety of optional forms. The Bokmål that uses the forms that are close to Riksmål is called moderate or conservative , depending on one's viewpoint, while the Bokmål that uses

1891-479: The North Germanic languages. Faroese and Icelandic are not mutually intelligible with Norwegian in their spoken form because continental Scandinavian has diverged from them. While the two Germanic languages with the greatest numbers of speakers, English and German, have close similarities with Norwegian, neither is mutually intelligible with it. Norwegian is a descendant of Old Norse , the common language of

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1952-644: The eighth grade onwards, pupils are required to learn both. Out of the 431 municipalities in Norway, 161 have declared that they wish to communicate with the central authorities in Bokmål, 116 (representing 12% of the population) in Nynorsk, while 156 are neutral. Of 4,549 state publications in 2000, 8% were in Nynorsk, and 92% in Bokmål. The large national newspapers ( Aftenposten , Dagbladet , and VG ) are published in Bokmål or Riksmål. Some major regional newspapers (including Bergens Tidende and Stavanger Aftenblad ), many political journals, and many local newspapers use both Bokmål and Nynorsk. A newer trend

2013-485: The first centuries AD in what is today Southern Sweden. It is the earliest stage of a characteristically North Germanic language, and the language attested in the Elder Futhark inscriptions, the oldest form of the runic alphabets . A number of inscriptions are memorials to the dead, while others are magical in content. The oldest are carved on loose objects, while later ones are chiseled in runestones . They are

2074-666: The first public park in Christiania. Norwegian language Norwegian ( endonym : norsk [ˈnɔʂːk] ) is a North Germanic language from the Indo-European language family spoken mainly in Norway , where it is an official language. Along with Swedish and Danish , Norwegian forms a dialect continuum of more or less mutually intelligible local and regional varieties; some Norwegian and Swedish dialects , in particular, are very close. These Scandinavian languages, together with Faroese and Icelandic as well as some extinct languages , constitute

2135-501: The forms that are close to Nynorsk is called radical . Nynorsk has forms that are close to the original Landsmål and forms that are close to Bokmål. Opponents of the spelling reforms aimed at bringing Bokmål closer to Nynorsk have retained the name Riksmål and employ spelling and grammar that predate the Samnorsk movement. Riksmål and conservative versions of Bokmål have been the de facto standard written language of Norway for most of

2196-406: The gender can be inferred. For instance, all nouns ending in - nad will be masculine in both Bokmål and Nynorsk (for instance the noun jobbsøknad , which means 'job application'). Most nouns ending in - ing will be feminine, like the noun forventning ('expectation'). OBX index The OBX Index is a stock market index which lists the 25 most liquid companies on the main index of

2257-417: The historical connection to Old Norwegian. Today, this meaning is often lost, and it is commonly mistaken as a "new" Norwegian in contrast to the "real" Norwegian Bokmål. Bokmål and Nynorsk were made closer by a reform in 1938. This was a result of a state policy to merge Nynorsk and Bokmål into a single language, to be called Samnorsk . A 1946 poll showed that this policy was supported by 79% of Norwegians at

2318-467: The language of the elite, the church, literature, and the law. When the union with Denmark ended in 1814, the Dano-Norwegian koiné had become the mother tongue of around 1% of the population. From the 1840s, some writers experimented with a Norwegianised Danish by incorporating words that were descriptive of Norwegian scenery and folk life, and adopting a more Norwegian syntax. Knud Knudsen proposed to change spelling and inflection in accordance with

2379-610: The language. The Scandinavian languages at this time are not considered to be separate languages, although there were minor differences among what are customarily called Old Icelandic, Old Norwegian , Old Gutnish , Old Danish, and Old Swedish . The economic and political dominance of the Hanseatic League between 1250 and 1450 in the main Scandinavian cities brought large Middle Low German –speaking populations to Norway. The influence of their language on Scandinavian

2440-555: The language. No standard of spoken Norwegian is officially sanctioned, and most Norwegians speak their own dialects in all circumstances. Thus, unlike in many other countries, the use of any Norwegian dialect, whether it coincides with the written norms or not, is accepted as correct spoken Norwegian. However, in areas where East Norwegian dialects are used, a tendency exists to accept a de facto spoken standard for this particular regional dialect, Urban East Norwegian or Standard East Norwegian (Norwegian: Standard østnorsk ), in which

2501-531: The languages in Europe, Norwegian derives from Proto-Indo-European . As early Indo-Europeans spread across Europe, they became isolated from each other and new languages developed. In northwest Europe, the Germanic languages evolved, further branching off into the North Germanic languages , of which Norwegian is one. Proto-Norse is thought to have evolved as a northern dialect of Proto-Germanic during

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2562-502: The minimal pairs are written alike, since written Norwegian has no explicit accent marks. In most eastern low-tone dialects, accent 1 uses a low flat pitch in the first syllable, while accent 2 uses a high, sharply falling pitch in the first syllable and a low pitch in the beginning of the second syllable. In both accents, these pitch movements are followed by a rise of intonational nature (phrase accent)—the size (and presence) of which signals emphasis or focus, and corresponds in function to

2623-430: The neutral name Riksmål , meaning 'national language' like Landsmål , and this was officially adopted along with the 1907 spelling reform. The name Riksmål is sometimes interpreted as 'state language', but this meaning is secondary at best. (Compare to Danish rigsmål from where the name was borrowed.) After the personal union with Sweden was dissolved in 1905, both languages were developed further and reached what

2684-414: The normal accent in languages that lack lexical tone , such as English. That rise culminates in the final syllable of an accentual phrase, while the utterance-final fall common in most languages is either very small or absent. There are significant variations in pitch accent between dialects. Thus, in most of western and northern Norway (the so-called high-pitch dialects) accent 1 is falling, while accent 2

2745-584: The oldest written record of any Germanic language. East Germanic languages West Germanic languages Icelandic Faroese Norwegian Danish Swedish Around 800 AD, the script was simplified to the Younger Futhark , and inscriptions became more abundant. At the same time, the beginning of the Viking Age led to the spread of Old Norse to Iceland , Greenland , and the Faroe Islands . Viking colonies also existed in parts of

2806-442: The principles of Norwegian orthography, e.g. zebra in Norwegian is written sebra . Due to historical reasons, some otherwise Norwegian family names are also written using these letters. Some letters may be modified by diacritics : é , è , ê , ó , ò , and ô . In Nynorsk, ì and ù and ỳ are occasionally seen as well. The diacritics are not compulsory, but may in a few cases distinguish between different meanings of

2867-527: The rhotic / ɾ / depends on the dialect. In Eastern, Central, and Northern Norwegian dialects, it is a flap [ ɾ ] , whereas in Western and Southern Norway, and for some speakers also in Eastern Norway, it is uvular [ ʁ ] or [ χ ] . And in the dialects of North-Western Norway, it is realized as [ r ] , much like the trilled ⟨rr⟩ of Spanish. Norwegian

2928-399: The same constituents as OSEBX but applies a weight capping to comply with UCITS . The over 190-year-old stock exchange building has been the subject of many long debates about how the building should be managed and designed over the years. Several of Christiania's (the name of Oslo between 1624 and 1925) best known business men fought for years to get approved and funded the construction of

2989-606: The southern part of northern Norway ( Nordland county). Today, Nynorsk is the official language of not only four of the nineteen Norwegian counties but also various municipalities in five other counties. NRK , the Norwegian broadcasting corporation, broadcasts in both Bokmål and Nynorsk, and all governmental agencies are required to support both written languages. Bokmål is used in 92% of all written publications, and Nynorsk in 8% (2000). Like some other European countries, Norway has an official "advisory board"— Språkrådet (Norwegian Language Council)— that determines, after approval from

3050-401: The stock exchange and Oslo Børs Informasjon AS that manages the information systems of the exchange. Oslo Børs is today an online market place where all trading is done through computer networks. Trading starts at 09:00am and ends at 04:30pm local time (CET) on all days of the week except weekends and holidays declared by Oslo Børs in advance. There are three markets for listing and trading on

3111-536: The stock exchange in the future. Oslo Axess operates with the same prices for trade as the Oslo Stock Exchange. Oslo Axess has a license from the Ministry of Finance to act as a regulated marketplace for trading in Norway . Basically, the same laws as the Oslo Stock Exchange. The first working day of the Oslo Axess was 2 May 2007. Norwegian public limited companies and equivalent foreign companies can apply for their shares to be listed on Oslo Børs or Oslo Axess. It

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3172-471: The stock exchange: Oslo Børs is the largest market place for listing and trading in equities, equity certificates, ETPs (exchange traded funds and notes), derivatives and fixed income products. Established in 1819, first as a commodity exchange. Equities and bonds listed and traded from 1881. Oslo Axess was established in May 2007 as an alternative to Oslo Børs for listing and trading in shares. Nordic ABM

3233-462: The stock exchanges in Singapore and Toronto (Canada) for a secondary listing of companies. The stock exchange was privatized in 2001, and is, after the merger in 2007, 100% owned by Oslo Børs VPS Holding ASA. Oslo Børs Holding ASA was the holding company that owned Oslo Stock Exchange of Norway from 2001 to 2008. The company was created in 2001 when the Oslo Stock Exchange was converted from

3294-401: The three grammatical genders from Old Norse to some extent. The only exceptions are the dialect of Bergen and a few upper class sociolects at the west end of Oslo that have completely lost the feminine gender. According to Marit Westergaard , approximately 80% of nouns in Norwegian are masculine. Norwegian and other Scandinavian languages use a suffix to indicate definiteness of

3355-442: The time. However, opponents of the official policy still managed to create a massive protest movement against Samnorsk in the 1950s, fighting in particular the use of "radical" forms in Bokmål text books in schools. In the reform in 1959, the 1938 reform was partially reversed in Bokmål, but Nynorsk was changed further towards Bokmål. Since then Bokmål has reverted even further toward traditional Riksmål, while Nynorsk still adheres to

3416-426: The unofficial Høgnorsk is more conservative than Nynorsk and is far closer to Faroese , Icelandic and Old Norse . Norwegians are educated in both Bokmål and Nynorsk. Each student gets assigned a native form based on which school they go to, whence the other form (known as Sidemål ) will be a mandatory school subject from elementary school through high school. For instance, a Norwegian whose main language form

3477-447: The vocabulary coincides with Bokmål. Outside Eastern Norway , this spoken variation is not used. From the 16th to the 19th centuries, Danish was the standard written language of Norway. As a result, the development of modern written Norwegian has been subject to strong controversy related to nationalism , rural versus urban discourse, and Norway's literary history. Historically, Bokmål is a Norwegianised variety of Danish, while Nynorsk

3538-568: The word, e.g.: for ('for/to'), fór ('went'), fòr ('furrow') and fôr ('fodder'). Loanwords may be spelled with other diacritics, most notably ï, ü , á and à . The two legally recognized forms of written Norwegian are Bokmål (literally 'book tongue') and Nynorsk ('new Norwegian'), which are regulated by the Language Council of Norway ( Språkrådet ). Two other written forms without official status also exist. One, called Riksmål ('national language'),

3599-706: Was developed based upon a collective of spoken Norwegian dialects. Norwegian is one of the two official languages in Norway, along with Sámi , a Finno-Ugric language spoken by less than one percent of the population. Norwegian is one of the working languages of the Nordic Council . Under the Nordic Language Convention , citizens of the Nordic countries who speak Norwegian have the opportunity to use it when interacting with official bodies in other Nordic countries without being liable for any interpretation or translation costs. Like most of

3660-414: Was established by a law of September 18, 1818. Trading on Oslo Børs commenced on April 15, 1819. In 1881, Oslo Børs became a stock exchange, which means securities were listed. The first listing of securities contained 16 bond series and 23 stocks, including the Norwegian central bank (Norges Bank). Oslo Børs cooperates with London Stock Exchange on trading systems. The exchange has also a partnership with

3721-617: Was established in June 2005 as an alternative bond market. Merkur Market is a multilateral trading facility and was established in January 2016. The market place is not subject to the Stock Exchange Act or the Stock Exchange Regulations. Merkur Market is best suited for smaller and medium-sized companies or large companies that do not satisfy the admission requirements or do not wish to be fully listed on

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