The general index of the Helsinki Stock Exchange ended on Thursday with an increase of 0.8 per cent to 11,252.17 points. The most traded share of the day was network maker Nokia, which took a 5.0 per cent leap to € 3.3825.
Nokia announced that it had entered into a five-year extension agreement with the US operator T-Mobile. The company did not disclose the value of the contract, but said it has already been taken into account in the October guidance.
In addition, Nokia announced that it will begin developing cloud-based 5g solutions in conjunction with Google Cloud. The companies announced that they would start a five-year cooperation as early as the autumn. The U.S. Cyber Security Authority selected Nokia as a partner to ensure a secure federal transition from 4g networks to 5g networks.
Nokia did not disclose the financial significance of either news to the company in its press releases.
Bilot and Gofore on the rise
A software company mentioned in Kauppalehti’s extensive story about First North companies Bilot swing 18.0 percent up to 8.84 euros.
Software company Gofore revealed its December sales figures: net sales were EUR 7.1 million, compared to EUR 4.6 million in December of the previous year.
The share ended 7.6 percent at EUR 19.10.
Construction company SRV announced that he had appointed Jouni Forsman as the director responsible for commercial construction in the Helsinki metropolitan area and a member of the company’s management team. On the second day, the company revised its guidance, according to which the operating profit is EUR 3-6 million for 2020. The previous guidance estimates that the result will improve from 2019 and be positive.
The company’s share ended with a 1.4 percent slip to EUR 0.552.
Software company Hedgehog Solutions announced an increase in its holding in its subsidiary Vala Groupista To 81.4 percent. Previously, the company owned 60 percent of Vala.
The share of Siili Solutions rose 2.6 percent to EUR 13.75.
Pile of recommendations and target price changes
Analysis House Inderes lift Avidlyn target price from € 3.50 to € 4.50. The recommendation remained at the more level. Avidly’s share was one of the strongest gainers of the day with a 7.1 per cent rise to EUR 4.24.
Kepler Cheuvreux canes Cityconin recommendation from hold-to-reduce and set a target price of € 7.60. ON lift Valmetin target price from € 26.00 to € 26.50 and reiterated the additional recommendation.
Nordea lift Metso Outotecin target price from € 9.00 to € 10.10 and reiterated the buy recommendation. ABG raised Metso Outotec’s target price from EUR 7.00 to EUR 8.50 and reduced the recommendation from buy-to-hold
ABG know Wärtsilä from the target price of EUR 6.50 to EUR 9.00 and keep the recommendation from the sales level. Nokian Tires the recommendation was reduced by ABG from the hold level to the sell level and repeated the target price of EUR 27.00.
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