The Complete List Of Norwegian ADRs
The complete list of Norwegian ADRs
Norway currently ranks as the 33rd largest economy in export, globally. The gas and oil sectors are two of the major export markets with the fishing industry in Norway. So naturally, the economy is quite sensitive to the changes in prices of the above commodities.
Krone is the primary currency of Norway and stands 14th in rank in the most traded currency in the forex markets. But as it does with any currency, economic changes and trends impact heavily on the fluctuations in the price of the Norwegian Krone (NOK). Investors are known to chase NOK when the EUR is not so confident. Furthermore, when the stock exchanges suffer (globally), investors tend to sell the NOK and buy EUR and USD. Investors thus need to take into account the NOK can swing widely. As late as 2012 many analysts predicted the NOK could be a “mini CHF”, but that didn’t materialize, of course. On the contrary, the NOK has depreciated massively since then: from 7.3 NOK/EUR to over 12 during the Covid-19 crisis.
Norway being the leading oil exporter in Western Europe, fluctuations in the global value of crude oil ends up affecting the NOK’s value. The country’s gross domestic product (GDP) is heavily influenced by its shipping, fishing, manufacturing, and hydroelectric power. With Norway staking its place to be one of the most secure and stable economies of Europe, it is considered a solid investment option.
- 7 reasons to invest in the Nordic stock market
- Landing page for Nordic stocks
- The complete list of Nordic ADRs
- Swedish ADRs
- Icelandic ADRs
- Danish ADRs
- Finnish ADRs
American Depositary Receipts ( ADRs )
American Depositary Receipts (ADRs) is a bank-issued certificate in the US that allows investors to buy stock in international companies that might not be possible otherwise. ADRs being denominated in US dollars adds to the convenience of the investors. Investors do not have to go through the hassle of trading in a foreign currency or stress over exchanging currencies over the forex market.
The securities are verified through the U.S. settlement system as they are priced and traded in dollars. Moreover, benefits are mutual among investors and international firms, ADRs are an efficient means of attracting American capital and investors hassle-free.
Below is the list of the Norwegian ADRs:
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|12||Norway Royal Salmon||NRYYY|
|21||Solon Eiendom ASA||BNRQY|
|25||TGS NOPEC Geophysical Co||TGSGY|
|26||Thin Film Electronics||TFECY|