On Wednesday, the Helsinki Stock Exchange experienced a slight decline, with the OMXH general index ending at 9,735.18 points, a decrease of 0.1 percent. This marked the sixth consecutive day of decline for the general index. The most traded stocks of the day were Nordea (+1.2%), Roots (+0.9%), and Sampo (+0.4%), while decliners included Kone (-0.9%), Stora Enso (-0.9%), and Cargotec (-1.0%).
In other news, Finnish fund company Titanium issued an earnings warning, stating that the current year’s turnover is expected to fall below the medium-term target level. Titanium’s price fell by 7.9 percent to 11.65 euros after the announcement was made public. Meanwhile, IT company Tecnotreen saw a 5.3 percent increase in its share price on strong earnings results for the quarter ended December 31st, 2020.
Sanoma Media Finland concluded change negotiations that resulted in the termination of eight employees as part of cost-cutting measures aimed at improving profitability in their media business units across Europe and Asia Pacific regions.
Fortum secured a five-year electricity sales agreement with Swedish ferroalloy producer Werewolf Alloyxen, which involves the supply of 0
