On Thursday, investors had enough to chew on macroeconomic figures as inflation in the United States was reported to be still exceptionally hot.
The European Central Bank (ECB), for its part, reiterated its promise to continue massive bond purchases and revised upwards its forecasts for economic growth and inflation in the euro area.
Despite the good performance of other stock exchanges, the main index of the Helsinki Stock Exchange was 0.4 per cent negative. The general index closed at 12,368.95 points.
On the strongest rise, trading on First North, which started trading on Tuesday, continued on Tuesday Merus Power, whose stock was still up 12 percent at the end of the day.
The increase in the listing price of EUR 5.62 per share has already become 64 percent.
The asset management group was also at the forefront eQ (+3.0%) and a software company Innofactor (+2,9%).
Innofactor’s recommendation was planed up by an analysis company In Inderes. A report promising growth was also published by the security company Nixusta, whose stock was up 1.4 percent at the end of the day.
Inderes lowered Nixu’s target price to € 11.00 from the previous € 11.50, but kept the recommendation at an additional level. It raised the recommendation of the IT company Innofactor from the reduce level to the increase level with the price decrease, but kept the target price at 2.00 euros.
The clearest decline was on Thursday in an industrial services company Enersense, which plans to move to the main list of the Helsinki Stock Exchange from the First North growth company market. Enersense’s share was down 6.3 percent in the afternoon.
Currently planning a listing, making textile fiber from wood and waste Spinnova published its listing prospectus and stated that the share subscription price in the issue will be EUR 7.61. The subscription period for the public offering will start on Friday.
Spinnova also said it had a well-known anchor investor, as the German sports brand company Adidas has committed to contribute EUR 3 million to its IPO. The companies have previously collaborated on product development.
Engineering company Valmet said he was buying a German EWK Umwelttechnikin and Finnish ECP Group. The company did not disclose purchase prices.
According to Valmet, the acquisitions complement the environmental technologies and services it provides to its customers. EWK Umwelttechnik manufactures and supplies air emission control solutions and post-installation services. ECP Group, on the other hand, is a manufacturer and maintainer of air emission control solutions.
Restaurant company NoHo Partners reported that its net sales in May were approximately EUR 11 million and operating cash flow from operations decreased to EUR 1.6 million.
Turnover was still 50 percent below pre-pandemic levels as restaurant restrictions weighed on demand. The company’s CEO Aku Vikströmin however, May revenue and operating cash flow exceeded forecasts.
NoHo’s share was up one percent.
Forestry company Stora Enso said it would invest EUR 21 million to improve the competitiveness and environmental friendliness of the Anjala and Inkeroinen production plants, and EUR 26 million to modernize pulp production in Nymölla, Sweden.
Food company Raisio told about the strategy update. The company has time to launch new plant-based products in 2022–2025.
The company’s main goal is to grow in the new strategic period through investments and new products in recent years. The Raisio Group’s annual growth target is five percent during the strategy period.
The company’s dividend policy remains unchanged and the goal is to distribute an annual dividend of 50-100 percent of the company’s earnings per share.
The story was corrected on June 10 at 7.30 pm: The story said that Merus Power’s share price had risen by 39 percent from the subscription price. in reality, the rise has come to 64 percent.
Source: Arvopaperi by www.arvopaperi.fi.
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