Following the example of Wall Street, the Helsinki Stock Exchange ended up falling

On Thursday, the Helsinki Stock Exchange celebrated a down day. When the stock exchange closed, the general index showed a decrease of 0.16 percent at 10525.03 points.

It’s also going downhill in the United States.

The most traded stock of the day was Nordeawhich rose by 0.8 percent to 9.48 euros on Thursday.

He published his results yesterday Sammon the share fell 1.2 percent. However, Sampo received target price increases from analysts in the morning, when both OP and Inderes said they would raise their target prices. The OP repeated the recommendation to increase, while Inderes repeated the recommendation to decrease.

Inderes also raised Konecranes target price to EUR 41.00, while the previous target price was EUR 39.00. Konecranes published its new financial goals on Wednesday. The company’s shares rose 1.7 percent on Thursday.

After publishing its first quarter results today Fortum’s the stock closed down 1 percent.

Fortum’s result improved more than expected in January–March, supported by the price of electricity, and Russia will disappear from the balance sheet, when the Russia segment will no longer be consolidated in the results of the second quarter of 2023 and the Russian business assets will be written down in their entirety. In the second quarter of 2023, Fortum will therefore record impairments of 1.7 billion euros and related translation differences.

The biggest gainer was Aurinkokäsälähtiö Value, who said that he received a new order from the Portuguese mold manufacturer Simoldes Plásticos. According to the company, the purpose of the new project is to manufacture a prototype of a polymer-based solar electric window for a specific Stellantis car model.

According to Valoe, the value of the order corresponds to Valoe’s initial prototype projects, and it will not have a significant impact on the company’s turnover or profit in 2023. The company’s stock closed the evening up 6.7 percent.

Also Konepajayhtiö Rhombus was on the rise. The company’s share price rose by 3.35 percent during the day. The company announced on Wednesday that it had received an order from the French Thebault Groupilta. The value of the contract is 44.6 million euros.

Heater manufacturer Purmo Group on the other hand, said that it is considering closing its Belgian production plant.

According to Purmo, as a result of the overcapacity of panel radiators, it has to evaluate the footprint of its production facilities and the company’s operational efficiency.

The company’s share closed at the end of the day up 1.9 percent.

Kojamo fell short of expectations

They also published the results report on Thursday Aktia, Anora, Elecster, Kojamo, Ette plan and Ovaro Property investment.

In the morning, financial group Aktia announced a stronger-than-expected result of Inderes, which follows the company. The result was supported especially by the clearly stronger than expected growth of net interest income and low loan loss provisions. The stock ended the day up three percent.

Real estate investment company Kojamo’s result and turnover fell short of expectations. The company said that, in accordance with the decision made last fall, it does not intend to make new investments due to the uncertainty of the market situation. Kojamo will keep the 2023 guidelines unchanged and expects an increase in the demand for rental apartments.

The company’s share price closed down 0.4 percent.

Source: Arvopaperi by

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