On Thursday, there was a significant drop in Neste’s shares, with the stock falling nearly 8 percent. The construction company SRV had also reported better-than-expected results, leading to a more than 5 percent increase in their share price by midday. However, on the other hand, LiquidKesko’s and Kempower’s shares were performing poorly on the Helsinki Stock Exchange that day.
The reason behind these price declines was attributed to worse-than-expected earnings announcements. The battery charging company Kempower’s shares had dropped by more than six percent while trading company Kesko’s B-series shares had closed down by nearly six percent.
Thursday was a busy day for results on the Helsinki Stock Exchange, with numerous listed companies publishing their earnings reports. Forest giants UPM and Stora Enso saw strong gains, with their share prices rising by well over 4 percent. However, the general index fell by 0.9 percent by midday, which reflects the dynamic nature of the stock market and the impact of earnings announcements on investor sentiment.
