Strong downtrend on the Helsinki Stock Exchange – Neste sank by almost 10 percent


The decline in the Helsinki Stock Exchange deepened along Monday in the wake of the US market.

The OMXH general index eventually ended a decline of 3.8 percent to 10,371.42 points.

Luisu was widespread in the world. Investors are particularly weighed down by rising interest rates in the war on inflation. Investors are wondering whether the US, for example, will be able to Fed to fight inflation without slipping the economy into recession. Interest rate restrictions in Asia are also reflected in fears of economic growth.

The price of crude oil was down several percent.

In Helsinki, the index was particularly heavy In this , Nordea , Nokia and Wärtsilä .

At the top of the most traded, the decline rates ranged from 1 to 10 percent.

The worst decline was represented by the fuel company Neste, which ended the downturn at 9.9 percent at EUR 38.93, the lowest quotation of the day. The most traded of the day was Nordea with 85 million, which was eventually quoted at a decrease of 4.8 per cent to EUR 8.76.

Valmetin After the fire at the Rautpohja plant on Saturday, the engineering group assessed the effects and concluded that most of the plant’s production facilities have remained undamaged.

“The closure decision will temporarily affect about 120 employees, which is about five percent of Rautpohja’s total personnel.”

Mining company Afarak was the strongest skier of the day. The stock ended in a decline of almost 30 percent. The company’s Board of Directors said that it would present an authorization to the Annual General Meeting to arrange a share issue of up to 250 million new shares.

This represents more than 99 percent of the company’s currently registered shares. Therefore, if completed, the issue would dilute the current shareholding in the company to half the current one.

Media company Ilkka-Yhtymä January-March own operating profit hit Inderesin forecast. Turnover, on the other hand, grew more than expected. In connection with the announcement of the results, Ilkka kept his financial outlook unchanged this year. The company estimates that its net sales and adjusted operating profit from its own operations will increase from the previous year. However, the share price fell by almost three percent.

Industrial maintenance company Viafin Service already reported net sales that slightly exceeded expectations but fell short of expectations.

Building Services Company Caverion set new strategies and financial targets. The company expects 3-4 percent annual organic growth and 2-3 percent annual inorganic growth through acquisitions. The profitability target of an adjusted ebita margin of more than 5.5 percent was maintained.

Growth and profitability will be pursued, among other things, by shifting the business division up the value chain towards the solutions business, which includes expert and design services as well as digital solutions, service management and intelligent solutions.


Source: Arvopaperi by www.arvopaperi.fi.

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