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Exec - Oct 28, 2009First Securities ASA
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Jan Erik Gjerland
at
ABG Sundal Collier"Financial markets are weak today, and Storebrand is performing better," ABG Sundal Collier analyst, Jan Erik Gjerland, said on the share price drop despite the strong results. First Securities analyst Nils Christian Oyen said an increased equity proportion largely explained the good results, adding that a one off gain of 51 million crowns from acquiring shares in advisory firm Formuesforvaltning helped lift it. "They have an underlying improvement ..compared to previous quarters as financial markets are normalising," he said. The company said an increased exposure to equities and a reduced hedging programme lifted the quarterly results. "We have had a hedging programme to protect our equity against falling share prices.
Share:
<span class="sent">"Financial markets are weak today, and Storebrand is performing better," ABG Sundal Collier analyst, <span class="analyst">Jan Erik Gjerland</span>, said on the share price drop despite the strong results. </span> <span class="company">First Securities</span> analyst Nils Christian Oyen said an increased equity proportion largely explained the good results, adding that a one off gain of 51 million crowns from acquiring shares in advisory firm Formuesforvaltning helped lift it. "They have an underlying improvement ..compared to previous quarters as financial markets are normalising," he said. The company said an increased exposure to equities and a reduced hedging programme lifted the quarterly results. "We have had a hedging programme to protect our equity against falling share prices. ...<span class="sent">"Financial markets are weak today, and Storebrand is performing better," ABG Sundal Collier analyst, <span class="analyst">Jan Erik Gjerland</span>, said on the share price drop despite the strong results. </span> <span class="company">First Securities</span> analyst Nils Christian Oyen said an increased equity proportion largely explained the good results, adding that a one off gain of 51 million crowns from acquiring shares in advisory firm Formuesforvaltning helped lift it. "They have an underlying improvement ..compared to previous quarters as financial markets are normalising," he said. The company said an increased exposure to equities and a reduced hedging programme lifted the quarterly results. "We have had a hedging prog
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