Shares in Faroese salmon farming giant Bakkafrost closed Monday trading 14 percent lower after the company on Sunday issued a profit warning ahead of the release of its second quarter financial results.
Bakkafrost shares ended the first trading session of the week at NOK 549 (€48.69/$54.70), having ended last week at NOK 637.50 (€56.55/$63.50).
"I think investors are surprised by how significant the changes in the forecast are, compared with the market's expectation," Danske Bank analyst Wilhelm Roe told IntraFish.
