The Helsinki Stock Exchange declined in pursuit of larger markets

The Helsinki Stock Exchange, which opened up slightly on Monday, had fallen by the afternoon. At the time of the review, the general index was down 0.5 percent to 11,168.86 points.

At the same time, stock markets fell elsewhere in Europe and Wall Street is also expected to fall.

Of the ten most traded shares in Helsinki, all were declining in the afternoon, except Nordeaa, which rose by 0.3 per cent to EUR 6.81.

Of the most traded shares, the largest decline was in a fluctuating blade company Outokumpu share. At the time of the review, Outokumpu’s share price decreased by 2.4 percent to EUR 3.41.

Monday has been quiet for corporate news.

Construction company YIT said it had agreed to sell several residential properties to investors. The transactions totaled approximately EUR 79 million and were recorded in the last quarter of last year.

Conglomerate Aspo announced the Nomination Board’s proposals for members of the Board of Directors to be elected at this year’s Annual General Meeting. Representative of the Nyberg family for a long time Gustav Nyberg announced that he will not be available to the Board at the next Annual General Meeting. He has started as chairman of the board last year Heikki Westerlund.

Car spare parts company Relais announced that it had completed the acquisition in connection with the Swedish Strands Groupin purchase of shares. The initial value of the transaction was SEK 182.2 million, or just under EUR 19 million. Of this, SEK 40.7 million was paid by Relais for its shares.

In the afternoon, YIT’s share price was quoted a decrease of 1.0 per cent at EUR 4.78, Aspo’s share price was 0.5 per cent higher at EUR 8.44 and Relais’s share price was 5.8 per cent higher at EUR 14.50.

OP today raised the target prices it issued to forest industry companies on the Helsinki Stock Exchange. UPM: n the target price increased from EUR 28.50 to EUR 38.00 and the recommendation to the buy level from the previous increase level. Enson storage the target price increased from 13.00 euros to 17.00 euros while the recommendation remained at the reduce level. Forest Board the target price rose from EUR 7.70 to EUR 9.30, with the recommendation remaining at an additional level.

In the afternoon, UPM’s share price decreased by 0.5 per cent to EUR 31.30, Stora Enso’s share price decreased by 1.3 per cent to EUR 16.28 and Metsä Board’s share price decreased by 0.9 per cent to EUR 8.76.

Also From Inderes a few changes were made to the recommendations and target prices.

Engineering works Metso Outotecin the target share price rose from EUR 8.00 to EUR 9.50 at Inderes, with the recommendation remaining at the additional level, furniture company Martelan the target price increased from EUR 2.50 to EUR 3.00 while the recommendation remained at the reduce level and the accounting firm Aallon Group the target price increased from EUR 11.50 to EUR 12.00, while the recommendation remained at an additional level.

In the afternoon, Metso Outotec’s share price decreased by 0.2 percent to EUR 8.61, Martela’s share price was at a low level at Friday’s closing level of EUR 3.10 and Aalto’s share price was 1.8 percent higher at EUR 11.60.