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OSLO, March 23 (Xinhua) -- 2017 is to be a challenging year for Oslo stock exchange as it just experienced on Wednesday one of the most difficult days in the year with a fall of around 1.34 percent, business newspaper DN reported Thursday.
This was a consequence of a forceful stock market decline that happened in the United States the day before due to the insecurities regarding the future of the American economy and it "was unavoidable," according to strategists and investors.
"The market was overripe for a correction," said Kristian Tunaal, equity strategist from the stock exchange terminal DNB markets.
Investor and portfolio manager Jan Petter Sissener believes that the situation is not alarming.
"It is actually good that it fell down a bit, so that the shares become cheaper," he told DN. The stock exchange veteran is, however, insecure about the future.
"We think that this year will be challenging," Sissener said, pointing at the coming elections in France and Germany.
