So far this year the Oslo Stock Exchange has performed better than every other exchange in the western world save Copenhagen's.
While stock markets in New York and London have declined in 2000, as has the Tokyo exchange, Olso's total index has risen 13 percent. Analysts attribute the rise to the high price of oil, noting that the largest company listed in Oslo is Norsk Hydro, whose revenue and stock price have spiked upward. Still, the best performing stock is that of Eltek, a Drammen-based supplier of telephone system power supplies. Its stock price has soared 479 percent. The Copenhagen KFX Top 20 index has risen 32 percent this year, making Denmark the clear winner among western markets - so far.