The stock market week on the Helsinki Stock Exchange came to an end – UPM declined as the strike continued


The Helsinki Stock Exchange rose 0.6 percent to 11,240 points before Easter. However, the four-day trading week went down minus 0.8 percent.

Software company Basware said in the morning he had signed Sapphire BidCo:n a voluntary public tender offer for all shares recommended by the Board of Directors of Basware.

The share offer consideration is EUR 40.10 per share, which is 94.7 percent compared to the share’s closing price on Wednesday. Basware’s share price rose by 92.7 percent to EUR 39.70, which means that based on the market reaction, the bid is expected to pass and no competing bids are expected.

Of the most traded shares, the steel company Outokumpu rose by 4.6 per cent to 4.7 per cent.

Of the most traded shares, only fell Nokia, Fortum and RPM.

Nokia’s share decreased by 0.5 percent to EUR 4.85 and Fortum’s by 1.5 percent to EUR 15.66.

Collective bargaining between Metsäyhtiö UPM and Paperiliitto failed and the long strike continues. The value of UPM’s share decreased by 2.1 percent to EUR 30.62.

Forestry company Stora Enson the share rose 2.7 percent to eur 19.64.

The dividend came off today Remedystä, About Relais Group, From Pihlajalinna mixed About Honkarakente.

Remedy’s share rose 2.8 percent to EUR 35.35. The value of Relais Group’s share was EUR 21.30 on Wednesday.

Pihlajalinna decreased by 0.8 per cent to EUR 12.20 and Honkarakenne’s by 5.1 per cent to EUR 5.22.

Packaging manufacturer Huhtamäki said on Friday it will start looking for a potential buyer for its Russian business. Huhtamaki’s share price rose 1.8 percent to EUR 31.88.

However, operations will continue in Russia within the limits allowed by the supply chain, taking into account contractual and regulatory requirements, the company said in a statement.

Russia accounts for about three percent of the company’s EUR 3.6 billion net sales.

Nixu shared his figures

Security company Nixu reported in the morning its first semester figures. Nixu made an EBITDA of EUR -217,000 in the first quarter, compared to EUR 367,000 in the comparison period a year ago. The average of the forecasts of the two analysts collected by the information service Factset expected an EBITDA of EUR 0.4 million from the company.

Nixu interim CEO Valtteri Peltomäki according to Nixu, the changes made last year are now starting to pay off.

The value of Nixu’s share rose 6.4 percent to EUR 6.70.

In Sweden, a network company Nokia rival Ericsson also reported his figures.

Adjusted for non-recurring items, the company’s operating profit for the first half of this year was SEK 5.9 billion. Database The consensus on analyst forecasts collected by FactSet expected operating income of SEK 6.3 billion. In the comparison period, the result was SEK 5.3 billion. However, net sales were approximately 2 percent better than expected at SEK 55.1 billion.

According to Stockholm, the company is likely to receive fines from the U.S. Department of Justice for a scandal in which the company could pay the terrorist organization Isis through intermediaries. However, the company has not yet assessed the amount of possible fines.

Ericsson’s share fell 5.0 percent.

Lasinjalostusyhtiö Glaston said in the morning that it has received an order from one of North America’s leading glass processors for an advanced flat tempering line for demanding production. An order of approximately four million euros has been recorded in the order intake in the first quarter. The line will be delivered to the customer in the last quarter of 2022.

Glaston’s share price rose 5.2 percent to EUR 0.98.


Source: Arvopaperi by www.arvopaperi.fi.

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