The week of the Helsinki Stock Exchange ended in a minus – Valmet, Nokia and Nordea fell ugly


At the end of the week, the OMXH general index of the Helsinki Stock Exchange fell by 1.2 per cent to 12,742 points. The decline for the full week was 1.4 percent.

Of the shares of the most traded companies on the stock exchange, only the energy company Fortum and tire manufacturer Nokia tires was a plus. Fortum rose by 0.5 per cent to EUR 25.69 and Nokian Tires by 1.8 per cent to EUR 34.71.

AC Adapter Manufacturer Nokia the share decreased by 2.3 percent to eur 5.13. He told me about the new chairman of the board yesterday Nordea Bank decreased by 2.3 per cent to EUR 11.18.

It is proposed that Nordea Bank become a new member and Chairman of the Board Stephen Hesteriä From 1 October 2022. The current chairman Torbjörn Magnusson then becomes a full member.

The strongest decline was in the paper machine manufacturer Valmetilla, whose share price decreased by 5.0 percent to EUR 33.80. Forestry company UPM decreased by 1.0 per cent to EUR 34.49 and Stora Enso by 1.6 per cent to EUR 16.83.

Swedish industrial company Alfa laval got the rest of the valve company sold Neleksen their shares. Alfa Laval has received net sales of EUR 170 million. Before taxes, the capital gain is EUR 24 million. Neleks is scheduled to merge with Valmet by the first day of April.

The share price of Neste decreased by 4.1 per cent to EUR 12.49.

IT company Solteq announced that he had appointed the company’s CFO Kari Lehtosalon as interim CEO as of February 1, 2022. Lehtosalo will temporarily serve as CEO, in addition to his duties as CFO. Solteq’s current CEO Olli Väätäinen will resign at the end of January 2022.

The CEO recruitment process is proceeding according to plan according to Solteq, and the Board of Directors aims to complete the recruitment of a new CEO by the end of February 2022. Lehtosalo will serve as interim CEO until the new CEO takes office.

Solteq’s share price rose 2.8 percent to EUR 4.47.

Citycon said it had canceled about half a million shares it bought back. Citycon’s share price decreased by 0.2 percent to EUR 7.19.

Approved unconditionally by the Finnish Competition and Consumer Authority Rowan castle and Pohjola Hospital reunification. Pihlajalinna’s share price rose by 1.8 per cent to EUR 12.82 to EUR 12.74.

Electronics contract manufacturer Incap said a major investor Kyösti Kakkonen ownership of the company has fallen below 10%. According to the announcement, Kakkonen’s holding in Incap was 11.55 percent before the transaction and now it is 7.89 percent. Incap’s share fell to 2.4 percent to EUR 69.80.

Incap also said that Avanza Bank Holding AB:n controlled company The insurance company Avanza Pensionin the holding has risen to 5.95 percent of the shares and votes.

Recommendations and target prices

Nordea started a gaming company Remedyn with a follow-up sell recommendation and a target price of € 28. Remedy’s share fell 2.7 percent to EUR 34.85.

Nordea is much more pessimistic about Remedy than Inderes, whose recommendation for the gaming company is to buy and the target price is 50.00 euros.

Kepler Cheuvreux lift Kemiran the recommended reduce-to-hold level and the target price of € 13.40 to € 14.00. The share decreased by 0.7 percent to EUR 13.71.

ON raised in the morning Wärtsilä and SSAB:n target prices, Inderes again fell Orthexin target price.

OP raised Wärtsilä’s target price from EUR 13.00 to EUR 13.50 and reiterated the recommendation. The share decreased by 1.7 percent to EUR 12.51.

on nostalgia SSAB:n the target price of SEK 57.00 to SEK 70.00, or about EUR 5.60 to approximately EUR 6.80, and reiterated the buy recommendation. The price of SSAB’s more traded B share decreased by 2.1 percent to EUR 5.09.

Inderes fell Orthexin target price from EUR 12.50 to EUR 11.50 and maintained the additional recommendation unchanged. Orthex’s share price rose 0.6 percent to EUR 10.46.


Source: Arvopaperi by www.arvopaperi.fi.

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