U.S. macroeconomic figures dominated the debate on Friday.
The May employment report reported slightly lower-than-expected job growth. The news was received positively in the stock market as it calmed investors ’concerns about the economic overheating and the central bank’s tightening of the Federal Reserve’s monetary policy earlier than expected.
Government bond yields began to decline and major stock indices in the United States started the day brisk. The easing of interest rate hikes raised techno shares in particular, which typically benefit from low interest rates, with future cash flows priced into shares far in the future.
In Helsinki, the stock exchange’s OMXH general index ended the day up 0.2 percent by 12,415.59 points.
At the forefront of the stock exchange Nokia decreased by 0.8%, Nordea ended up feeling like the previous decision level. Machine increased by 0.4 per cent and Stora Enson the more traded R share rose 0.9 percent.
Software company Qt Group the share was traded briskly on friday and was among the most traded on the stock exchange. At the end of the day, the price was slipping 5.4 percent and the stock was at the top of the stock market. Qt’s share price fell below 100 euros to 98.20 euros.
Qt raised its revenue growth guidance for this year yesterday, and maintained profitability guidance unchanged. Inderes kept Qt’s target price of EUR 105.00 unchanged, but reduced the company’s purchase recommendation from the increase level to the reduce level. According to Inderes, the change was due to the tightened valuation level of Qt.
Qt also informed the General Counsel Mika Pälsin shares of the company that sold it for more than EUR 150,000.
Also another stock star Harvia informed the director about the sale of shares. Production and Purchasing Director Mika Protection sold Harvia shares for EUR 245,000. Harvia’s share price ended up rising by 0.4 per cent.
A bioimplant company intending to enter the First North marketplace Bioretec announced the terms of its IPO. The company aims for gross assets of approximately EUR 25 million in the listing. The subscription period starts on the Monday of next week and subscriptions can be suspended no earlier than one week after 14 June.
The subscription price for Bioretec’s share will be EUR 3.90 and the company’s market capitalization after listing will be approximately EUR 67 million, assuming that the issue is fully subscribed. After the additional share option, the market value would be EUR 71 million.
The new company is planning to be listed on the main list of the Helsinki Stock Exchange. The name of the company is not yet known, but it will be announced on Monday morning.
Enersense said it was planning to issue € 15 million in connection with the move to the main list. According to the company’s estimate, the share will be transferred from First North to the main list of the stock exchange during June. Enersense’s Board of Directors will decide on the terms and schedule of the issue approximately during June. Enersense’s share price decreased by 2.0 percent.
Raute transfers operations in China, a big deal for YIT
Raute said it was relocating its manufacturing operations in China from Shanghai to a new location located in Changzhou City, Jiangsu Province. The background is, among other things, the transition of the procurement network and the availability of labor. According to Tapani Kiiske, President and CEO of Raute, the transfer will improve the cost efficiency and competitiveness of Raute’s operations in China. Raute’s share price ended up rising by 2.2 per cent.
Construction company YIT signed an agreement to build a multi-purpose building in Valkeala. The area of the multi-purpose building to be built is approximately 10,000 square meters and the value of the agreement for YIT is approximately EUR 38 million, which will be recorded in the order backlog in the second quarter. YIT’s share price decreased by 0.7 percent.
Real estate investment company Ovaro released its May financial figures this morning. The occupancy rate of Ovaro’s properties was 96.1 percent in May. During the month, the company sold 15 apartments with a debt-free price of EUR 1.6 million. Ovaro’s share price had fallen by 0.5 per cent.
Suominen said it would issue a EUR 50 million unsecured bond for general financing needs. The loan has a maturity of six years and matures on June 11, 2027. The loan bears a fixed interest rate of 1.5%. Suominen’s closing price on Friday was the same as on Thursday, EUR 5.60.
Privanet told about the tentative schedule Skartadistribution of funds related to the trade. According to the distribution decision, the shareholder would receive one Privanet Securities Oy:n share each owned Privanet Group Plc per share.
The record date for the distribution of funds would be Friday, June 11, 2021, and the shares to be distributed would be credited to the shareholders’ book-entry accounts on or about Monday, June 14, 2021. The private exchange rate rose 10.1 percent. The share price has fluctuated sharply in recent weeks.
In addition to Privanet, there was an accounting firm near the top Talenom 8.8 percent rise without news as well as the Capital Markets Day held Nanoform 5.7 percent increase. Nanoform announced earlier this week new medium-term goals.
on nostalgia Olvin the target price from EUR 49.00 to EUR 55.00, but kept the share recommendation unchanged. At the end of the trading day, Olvi’s share rose by 0.8 per cent to EUR 52.00.
SEB, on the other hand, raised Wärtsilä target price from € 12.40 to € 14.10 and reiterated the buy recommendation. At the end of the day, Wärtsilä’s share was traded at EUR 11.55, with the share price rising by 1.5%.
Source: Arvopaperi by www.arvopaperi.fi.
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