The rise of the Helsinki Stock Exchange was reversed in the afternoon. The general index of the stock exchange in yesterday’s closing readings at 12,756 points.
Supplier of engines and power plants Wärtsilä the share price was still at the forefront of the stock exchange after the company announced the plush order.
In the morning, Wärtsilä announced that it had received two power plant orders from Latin America totaling EUR 480 million. The value of orders booked for the fourth quarter is considerable – for example, the value of order intake in the first three quarters of this year totaled EUR 3,584 million.
Wärtsilä’s share was up 2.9% in the afternoon.
The most traded shares on the rise were also Nordea 1.2 per cent uphill as well as Sampo 0.1 percent increase. Steel company Outokumpu the share was down 2.1 percent.
The third quarter earnings season is coming to an end, and Wednesday’s earnings announcements were made by a construction consultant Sitowise and a real estate investment company Toivo Group, both of this year’s fresh listers.
Sitowinen’s figures fell close to analysts’ consensus forecasts, although they fell slightly short of them. The company’s order backlog grew to a new record. The background was the recovery of the market, investments in sales as well Infracontrolacquisition.
Sitowinen’s share price fell 1.4 percent in the morning.
The report of hope was twofold. The figures remained the company’s only next Inderesin forecasts. On the other hand, the company refined its earnings guidance by raising the bottom of its operating profit range.
The company also announced last night that the pilot phase in Sweden was coming to an end due to the low visibility of the country’s rental market regulation and decided to focus its resources on the Finnish rental housing market.
Hope’s share price rose 1.9 percent this morning.
The congestion of listing continues
The name of the new company planning to join First North was announced again today. The company planning the listing is a service company in the field of technology Digital Workforce.
The company aims for gross assets of EUR 20 million in the IPO. They are set to invest in growth, especially in Britain and the United States. Significant owners include a private equity investor Capman, which owns nearly a quarter of the company.
During Tuesday, however, the new company again signaled its intentions to list. A press conference for the company planning the listing will be held tomorrow, Thursday, at 10 a.m., and the company’s name will be announced during the morning.
The company plans to list on the Nasdaq First North growth market.
So far, 19 new listings have been seen in Helsinki this year, and seven companies in addition to Digital Workforce will be aiming for the First North list during the rest of the year.
There is thus not much time to go for an all-time IPO. The record dates from 1999, when as many as 28 companies were listed on the stock exchange. If all the companies that have announced their intentions are now listed, the balance for the year will rise to 27 companies.
Inderes raised on Wednesday Fiskarsin target price of EUR 24.00 from the previous EUR 23.00 and reiterated its further recommendation.
Fiskars shares rose 1.0 percent.
OP, on the other hand, raised Kojamon target price of EUR 23.00 from the previous EUR 22.50 and reiterated the additional recommendation.
Kojamo’s share was down 1.1 percent.
Source: Arvopaperi by www.arvopaperi.fi.
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