News that the Norwegian government might adjust its controversial aquaculture tax proposal was met with positive market reactions on the Oslo stock exchange on Wednesday.

Soon after Finance Minister Trygve Slagsvold Vedum told Norwegian news site Klassekampen the government was open to adjusting the proposed tax plan, valuations at Norwegian salmon farming companies increased between 4-7 percent.

Norwegian seafood shares have, however, seen a drastic fall since the government's announcement on a new ground rent tax in late September, and despite the uptick on Wednesday, remain well down from where they were prior to the announcement of the plan.