Nice rise on the Helsinki stock exchange – NYAB rises after announcing new contracts

A little before 2 pm in the afternoon, the general index of the Helsinki Stock Exchange was up 0.1 percent at 10,070 points.

At the time of review, it was at the top of the most traded of the day Nordea, which was down 0.29 percent. Also Liquid and I coached shares have been exchanged diligently. At the time of the review, Neste was down 0.14 percent and Valmet was up 1.54 percent.

So far, the biggest gainer of the day has been the fiber company Spinnovawhose share price at the time of the review was up ten percent. Trade magazine wrote from the beginning of the week growth opportunities in the clothing industry, which also apply to Spinnova. The CEO is also changing in the company. Spinnova said at the end of April that the CEO Kim Poulsen leaves his position immediately after less than a year. The board appointed the CFO as temporary CEO By Ben Selby. The search for a new CEO began immediately.

Infrastructure developer NYAB said that it has signed two new contracts with the Swedish grid company. NYAB and the Swedish grid company Swedish power grid signed an agreement in December 2022 to prepare for the construction of Aurora Line, the new electricity transmission connection between Sweden and Finland.

In connection with this agreement, the parties have now signed an additional agreement, as well as another smaller agreement for the construction of a 400 kV substation. The parties have decided not to disclose the estimated financial value of the additional contract.

At the time of the review, NYAB’s share was up four percent at EUR 0.728.

Metsäliitto Cooperative acquired on May 23 and 24 for approximately EUR 2.6 million Forest Board Series B shares. A total of 370 thousand shares were purchased at an average price of 7.16 euros.

According to Metsä Board’s website, Metsäliitto was the company’s largest owner at the beginning of May with its 49.9 percent ownership and more than 177 million shares. It had almost 68 percent of the votes. The last time Metsäliitto acquired Metsä Board shares was on May 19 and 22.

At the time of review, Metsä Board’s share was up 0.82 percent at 7.36 euros.

Office furniture company Martel’s CFO and member of the group’s management team Kalle Lehtonen has resigned in order to move to new positions specializing in financial management services Administer for service. Lehtonen will start at Administer at the end of August at the latest.

Martela’s and Administer’s shares were only slightly traded at the time of the review.

Multidisciplinary company Asp said that the Group’s CFO Arto Meitsalo will leave Aspo’s service after turning 60. Meitsalo acts as Aspo’s CFO until a successor is chosen and has had time to familiarize himself sufficiently with the company’s strategy and finances.

At the time of the review, Aspo’s share was down 0.69 percent at 7.15 euros.

Analysts recommend changes

Inderes fat The QPR Software target price to 0.62 euros from the previous 0.65 euros and reiterated the reduce recommendation.

Citi fat Elisa’s the target price to EUR 48.00 from EUR 49.00 and also lowered the recommendation to the sell level from the like level.

Readings Telia the target price to 2.24 euros from 2.05 euros and raised the recommendation to the level of hold from the level of sell.

Goldman Sachs raised Konecranes target price to EUR 36.00 from EUR 32.00 and reiterated the hold recommendation.

Goldman Sachs nosti Wärtsilä target price to 7.45 euros from 6.50 euros and reiterated the sell recommendation.