A clear bullish day on the Helsinki Stock Exchange | Bond

On Monday, trading was mostly on the plus side on the Helsinki Stock Exchange. The general index OMXH rose by 1.4 percent to 10,793 points.

Network equipment company Nokia said that it is strengthening its software business in the areas of security, automation and monetization. The company announced that it will introduce a new analytics tool and software system. Nokia’s share fell 0.7 percent to 5.10 euros at the top of the exchange. The second most traded, Nordic share, increased by 2.1 percent to 9.77 euros. UPM-Kymmene the share rose 1.3 percent to 34.57 euros, becoming the third most traded of the day. The three most traded shares were the only ones to exceed EUR 50 million in daily turnover.

Stockmann was allowed to deduct interest expenses in taxes

Department store company Stockmann said that the Göteborg Court of Chambers issued a verdict in the dispute between the company and the Swedish tax administration.

The dispute concerned Stockmann’s subsidiary Stockmann Sweden AB AB Lindex the right to deduct the interest expenses of the loan taken out for the trading of shares in the years 2013–2016. According to the verdict that has now been handed down, Stockmann Sverige is entitled to a reduction in interest expenses, which corresponds to approximately EUR 20 million lower tax costs in the years 2013–2016. Stockmann’s share rose by 3.6 percent to 2.27 euros.

Electronics contract manufacturer unable an Estonian electric bike manufacturer has signed a cooperation agreement Ampler Bikes with. The value of the contract was not disclosed. Incap’s share rose 3.1 percent to 13.50 euros.

A mining company Endomines is planning research on the gold potential of the Huhus area, where the company has been granted an ore prospecting reservation. Kalvinit, a wholly owned subsidiary of Endomines, has instead decided not to start the mine circuit process for the ilmenite deposits. Endomines’ share increased by 2.8 percent to 0.18 euros.

Food company fuck organizes a paid and free directed share issue for its personnel. In the paid share issue, Fodelia’s employees subscribe to a total of 24,774 new shares with share savings withheld from their salary. The subscription price is 4.69 euros. In the free issue, employees subscribe for a total of 51,729 new shares.

In total, the pot of 76,503 new shares corresponds to 1.0 percent of all Fodelia shares. Fodelia’s share fell 1.3 percent to 4.72 euros.

Recommendation changes

Inderes fat Ponssen target price to 27.50 euros from 29.00 euros and reiterated the reduce recommendation. Ponsse shares fell 1.5 percent to 26.65 euros.

married fat Vaisalan target price of the share to EUR 40.00 from EUR 43.00 and reiterated the hold recommendation. Vaisala’s share fell by 0.6 percent to 40.95 euros.

Campaign fat Kojamon the recommendation to the sell level from the hold level and the target price to 15.50 euros from the previous 22.00 euros. Kojamo’s share fell 0.9 percent to 17.01 euros.

Source: Arvopaperi by www.arvopaperi.fi.

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