The general index describing the price development of the Helsinki Stock Exchange’s shares was around yesterday’s closing figure when trading began on Friday. At about 1:06 p.m., the index was 0.2 percent lower than yesterday’s closing figure, at 9,217.15 points.
The mining companies that hold the top investments in the most traded shares on the stock exchange were also in the top positions of the day’s counters. On Wednesday, the stock market started Metso Outotecia had been exchanged for EUR 16.44 million and Outokumpu, had been exchanged for EUR 14.61 million.
Metso Outotec was the most traded share of the day, while Outokumpu was the third most traded. network Manufacturer Nokia was the second most traded share of the day, rising 0.2 percent to EUR 3.9810.
Metso Outotec’s share decreased by 1.6 percent to EUR 4,628 and Outokumpu’s share decreased by 6.4 percent to EUR 2.463.
Outokumpu said it will raise EUR 125 million in convertible bonds from institutional investors. The proceeds from the new convertible bonds will be used for general business needs and early repayment of debts.
A convertible bond is a debt to the company that an investor can convert into shares in accordance with the terms of the loan.
Finnair the stock was the second most bearer of the day. The airline fell by 3.7 per cent to EUR 0.7605 and Finnair’s new shares fell by 1.9 per cent to EUR 0.618.
Enersense’s target price was raised
Of the twelve most traded shares, the energy companies were the hardest to rise Fortum and retail chain Tokmanni.
Tokmanni’s share rose 3.0 percent to EUR 14.36. The retail chain reported good sales figures for the second quarter yesterday. Sales were EUR 285.8 million, compared to EUR 239.9 million in the comparison period.
Fortum’s share, on the other hand, rose 1.2 percent to EUR 17,510. The company said that it had agreed to sell the district heating business in the Järvenpää and Tuusula areas About Vantaa Energy, Infranodesta and Keva consortium. The total debt-free value of the transaction is EUR 375 million.
Fortum estimates that it will record a tax-free capital gain of approximately EUR 290 million in the City Solutions segment’s third quarter 2020 results. City Solutions includes district heating, energy recovery from waste and biofuels, among others.
The other segments are Generation, Consumer Solutions and Russia.
investment Bank SEB Equities gives the valve manufacturer Neleks, which separated from Metso on Wednesday, a hold recommendation and a target price of EUR 9.30. Four shares were up 0.5 percent, or EUR 8,886.
Enersense’s rise continues
analysis House Inderes lifted yesterday on acquisitions energy solution company Enersensen the target price to EUR 3.60 from the previous EUR 2.50 and reduced the recommendation to an additional level from the previous buy level.
The stock took a boom yesterday, up 30.7 percent. Today, the share was 10.5 percent high at EUR 3.58.
Inderes also raised Kamuxin the target price; To EUR 8.50 from the previous EUR 8.00 and reiterated the additional recommendation. The share rose 1.9 percent to EUR 7.62.
Manufacturer of fishing gear Rapala has risen sharply this week. The share rose from the closing price of EUR 2.58 on Friday last week to EUR 3.03 on Thursday, an increase of 17.4 percent.
The rise has taken place without news stimuli.
Today, the stock price is no longer rising sharply. The share was up 0.3 percent during the day and the price was EUR 3.04.