On Friday, the Helsinki Stock Exchange ended in decline as investors grappled with the hotter-than-expected US labor market report. The OMXH general index dropped 0.27 percent to close at 1,0187.10 points. Among the most traded shares, In this (+0.6%), Kone (+0.5%), and Roots (+0.5%) were the biggest gainers, while Nordea (-1.0%), UPM (-0.6%), and Training (-2.0%) ended down.
In other news, materials technology company Betolar announced the conclusion of its change negotiations, resulting in 13 job losses in Finland. The company had initially estimated a need to reduce the workforce by a maximum of 20 people. Betolar’s stock price closed down 1.6 percent at 1.25 euros on Friday, while conglomerate KH Group saw a massive increase of 16.8 percent after announcing the sale of specialist construction consulting firm HTJ’s XPartners Finland Holding.
Pharmaceutical technology company I don’t like it surged 30 percent after signing a contract with neuromodulation company Sinaptica Therapeutics in the field of Alzheimer’s disease treatment. Construction company YIT also ended with a healthy 4.3 percent increase to 2.53 euros on Friday, thanks to strong demand from customers in various sectors such as housing and healthcare facilities management services.
Inderes upgraded Springvestin to an increase recommendation level and raised the target price to 6.20 euros, while Componentan was also upgraded to an add recommendation with a target price of 3
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