A great day on the Helsinki Stock Exchange – The index ended more than 3.6 percent positive

The general index of the Helsinki Stock Exchange ended on Tuesday at 12,719.47, rising 3.65 percent during the day.

This was the hardest day for the index since May 18, 2020, when it rose as high as 4.68 percent. It was also close on November 9, 2020, when the increase was 3.57 percent.

The beginning of the week has also been a worldwide victory for equities. The reason for the increase has been suggested to be the easing of concerns about the self-transformation of the corona, as the latest suspicions suggest that the symptoms would not be as severe as feared.

However, it is still too early to say anything definite about the transformation, and the situation could change very quickly.

In Helsinki, the slope of the rise was probably exacerbated by the fact that the stock exchange was closed on Monday due to Independence Day.

Neste and Kone led the rise

One of the toughest climbers of the day In this (+ 6.9%), which swelled Nokia (+3.8%) also ranks second on the list of the most traded with a turnover of EUR 90 million.

Prior to this, Neste’s share price had fallen by more than 25 percent in the first half of the year, although most of the company’s future analysts are still in the buying portfolio. More excitement for Neste’s owners came from a fire at the Porvoo refinery on Independence Day, which was quickly brought under control.

A good rise was seen today as well From the machine (+ 5.3%), which could be given a further boost by the announcement by the Chinese central government to loosen its economic policies. China’s economic growth has been clotting and the construction market has also been in decline.

A pick-up in machine construction in China would be paramount, as China will account for about a third of its turnover.

Hard rises were also presented Qt Group (+7,3%), Puuilo (+ 6.0%) and Marimekko (+ 5.9%). The most decreased Next Games (-5.5%) and Nurminen Logistics (-6,1 %).

The listings progressed

Provider of financial management services Administerin the subscription period for the IPO began today. The company will initially offer a maximum of 2,264,110 shares for subscription, with a subscription price of EUR 4.86 per share. Trading in the company’s share is expected to begin on December 21st.

In addition to the Minister, IPOs are currently pending Aiforia Technologiesilla mixed Kempowerilla. Aiforia’s issue could have been suspended no earlier than today at 4 p.m., but this was not done. Kempower’s delivery can be stopped no earlier than Thursday at 4 p.m.

Specializes in oil spill response Lamor for its part, its IPO was oversubscribed and trading in its shares will begin tomorrow. A concrete company that had already suspended its public offering last Friday Betolar in turn, suspended its institutional offering and expects to debut on the stock exchange on Thursday.

Analysis company Inderes updated its views on two companies. Piipon the recommendation raised it to the reduce level (formerly sells) and repeated the target price of 3.00 euros. Titaniumin Inderes, on the other hand, reduced the target price to EUR 16.00 (previously EUR 16.50), reiterating an additional recommendation.

Source: Arvopaperi by www.arvopaperi.fi.

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