The Helsinki Stock Exchange opened slightly on Tuesday after a mixed rise in the uneven Asian market and New York yesterday. However, as trade progressed, the direction turned slightly downward. The market is expected to release U.S. inflation readings this afternoon.
The stock exchange’s general index OMX Helsinki was down 0.2 percent after 25 minutes of trading.
Yesterday, the forestry companies that responded to the drop in the recommendation by a sharp decline in Danske opened up inconsistently. UPM ‘s share price fell 0.7% in the morning and Stora Enson R-share price down 0.9 percent. Forest Boardin the share price was up 2.5 percent.
Björn Wahlroos continue to arrange its holdings with its families. Becah, owned by Wahlroos, sold 1.1 million Sammon shares for almost EUR 50 million at a unit price of EUR 43.99. These are mutual ownership arrangements between the Wahlroos family and there will be no significant change in the total number of holdings in the family. According to yesterday’s announcement, Wahlroos bought for more than 10 million euros UPM shares.
Sampo’s share price decreased by 0.5 per cent to EUR 43.98.
Kesko’s sales continue to grow
KeskoIn August 2021, the Group’s sales totaled EUR 971.8 million, an increase of 9.7 percent from the previous year. Comparable sales growth was 7.0 percent.
“Kesko’s sales continued to grow in August in all industries. Sales in the grocery trade increased by 1.6 per cent. In the construction and building services trade, sales increased by a comparable 16.2 per cent due to the strong development of the corporate customer trade. In the car trade, sales increased by 5.0 per cent, ”Kesko’s President and CEO Mikko Helander said in a company release.
According to Inders ’quick analysis, sales figures were a bit disappointing.
“Growth was driven by R & T’s corporate customer acquisition. In the previously driven businesses (Grocery and R & T’s consumer sales), the counter-figures are starting to be high and their sales have leveled off. As a whole, in July-August, Kesko’s sales have so far fallen slightly short of our expectations, and we see slight downward pressure in our forecasts, which are high. ” Olli Vilppo wrote in the morning report of Inderes.
The price of Kesko’s B share rose by 0.6 per cent to EUR 32.51.
Multiple store Puuilo expands its store network in Southwest Finland and Pirkanmaa by opening stores in Sastamala and Lieto. Puuilo, which will publish its half-yearly earnings report on Wednesday, will have a total of 33 stores. The company has opened an average of 3-4 new stores each year, which is a goal in the future as well. The company’s share price rose 0.7 percent to EUR 8.39.
Nixu announced its new goals yesterday. According to Inderes’ assessment Nixun the valuation of the stock looks very moderate when the turnaround is successful, with preliminary signs already in the air in the form of a new operating model, successful recruitments and picking up market demand. However, Inderes maintained its recommendation at the same level further and the target price at EUR 10.00. According to the analysis, the company still has a lot to prove in order to strengthen investor confidence in the company’s growth story. The share price rose 1.3 percent in the morning to EUR 7.92.
Enersensen owned by the main shareholders MBÅ Invest has reduced its share to 16.8% from the previous 20.55%. Behind the holding company is the company’s executive management. The share price decreased by 1.4 percent to EUR 9.60
Source: Arvopaperi by www.arvopaperi.fi.
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