The Helsinki Stock Exchange experienced a decline on Friday afternoon with the general index down 0.92 percent at 10,028.19 points by 14:40. This marks the potential fourth consecutive day of decline for the stock exchange this week.
One engineering company that issued a positive earnings warning the previous day saw a slight increase in stock price on Friday following a more than 13 percent increase on Thursday. Analysts from Inderes, Nordic, and OP: n also raised their target prices for the company on Friday.
The most exchanged shares on the stock exchange were mostly in decline, with hoist manufacturer Konecranes down over 4 percent in the afternoon. Despite a considerable rise in price after raising profit guidance, the company’s value has returned close to its pre-warning level on Friday.
Other significant declines were seen in companies like Great Enso, UPM Kymmene, and Wärtsilä, each down more than two percent. However, artificial intelligence company Aiforia Technologies was the biggest gainer on the exchange, with a 4.38 percent increase in share price to 4.77 euros.
On the other hand, chemical company Kemira was the biggest loser on the exchange, down 4.38 percent at 22.70 euros by Wednesday evening when it was noted that one of its executives had sold shares worth around €200,000 earlier that day.
In conclusion, despite some gains and losses throughout the day at Helsinki Stock Exchange last Friday afternoon, overall performance remained negative as it marked potential fourth consecutive day of decline this week with general index down by nearly one percentage point and most exchanged shares seeing decreases while Aiforia Technologies was among largest gainers while Kemira was among largest losers due to executive’s selling of shares worth €200
