Terra Markets adds Telio to weekly "buy" list of Oslo-listed stocks

(ADPnews) - Dec 27, 2010 - Terra Markets added on Monday IP services provider Telio Holding ASA(OSL:TELIO) to its weekly portfolio of recommended Oslo-listed stocks, removing oil exploration and production company Rocksource ASA (OSL:RGT).

The broker's "buy" list for this week also includes oil major Statoil ASA (OSL:STL), IT group Atea ASA (OSL:ATEA), solar group Renewable Energy Corporation ASA (OSL:REC) oncology drug developer Algeta ASA (OSL:ALGETA), and oil exploration technology company Badger Explorer ASA (OSL:BXPL).

Last week, Terra's portfolio climbed 3.77%, while it has gained 87.33% since it was launched on March 12.

Today, shares in Telio opened at NOK 30.50 on the Oslo Stock Exchange (OSE), while shares in Rocksource opened at NOK 3.30. Shares in Statoil, REC and Algeta opened at NOK 139.70, NOK 18.16 and NOK 134, respectively. Badger Explorer's stock opened at NOK 27 on the Oslo Axess market of the OSE.

By 0915 CET, there had been no trade in Atea's stock, which closed at NOK 57.25 last Thursday.

(NOK 1.0 = USD 0.168/EUR 0.128)

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