In Helsinki, the stock exchange saw a relatively calm day after yesterday’s upswing. The general index advanced by around 0.2 percent to 10,246.39 points in the afternoon, following a 0.4 percent increase the previous day. The most traded shares included Nordea, which saw a 0.5 percent rise to 11.3 euros, and compound, which had an impressive 4.9 percent increase in value.
On the other hand, Cargotec was the biggest decliner on the exchange with a 2.8 percent decrease in share price. The Finance Committee supported the Ministry of Defense’s proposal to acquire shell-tail assemblies for 120-millimeter mortars from Componenta for a total value of around 50 million euros. Meanwhile, KH Group elected Ville Nikulainen as its new CEO and Tommi Rötkin as its new financial director.
The subscription period for Exel Composites’ rights issue ends on June 7th and trading for composite company will end on June 3rd with subscription rights that must be sold by then if not intended to be used. Enersense International signed a new partnership agreement with P2X Solutions and Suominen announced a restructuring program for profitable growth that is expected to bring annual savings of around 1.5 million euros. Inderes started tracking Spinnovan with a plus recommendation while Solwers released its first Q1 business review showing a turnover of around €19 million euros before Wall Street’s Index Futures indicated a negative trend before opening markets.
Overall, the stock exchange saw mixed movements among various companies across different sectors in Finland, indicating that it will be interesting to see how these developments continue to shape the market in the coming days.
In summary, Helsinki’s stock exchange experienced mixed movements among various companies across different sectors in Finland after Friday’s upswing on Tuesday morning.