Wall Street rushes to Helsinki Bond


It’s time for Nokia The price development of the US-listed ADR share has been of greater interest to anyone. At the end of January, however, Reddit’s wallstreetbets channel inspired Nokia’s stock and the price fluctuated sharply with a large turnover. On Wall Street, the price of an AC adapter manufacturer fluctuated by a maximum of several tens of percent. Many Finnish small investors took the opportunity to sell their shares. Nokia’s value rose 25 percent during January, although the company recalled that there is no major news to tell.

The Helsinki Stock Exchange started to rise in January and the general index rose by two per cent. The beginning of the year also promises good for stock market listings, after a subdued last year. Focused on infrastructure construction Create and an IT company Netum announced their intentions to list immediately before the start of the year.

At the same time, the earnings season began. In January, 11 companies had time to report their results for 2020. On the First North list in 2020 rocketed Admicom started the earnings period with a worse-than-expected quarterly result. The company’s share price fell by almost 20 percent in January. Finance company The married instead, it rose more than 30 percent in January.

Forest companies UPM and Stora Enso both reported a decline in operating profit at the end of last year. UPM’s result exceeded and Stora Enso fell short of analyst expectations.

QT Group

The use of a development environment for software developers increases as more and more everyday objects are programmed. Qt said its license sales exceeded expectations and earnings exceeded previous forecasts.

Lassila & Tikanoja

L&T improved its result, but it did not meet analysts’ expectations. Disappointing was also the dividend proposal, which fell short of half of analyst expectations despite the withdrawal.

UPM

There are plans for a new biorefinery to make wood biomass fuels, which would give the company new business. It is needed because the prices of graphic paper are falling and there is no end to the predicament.


Source: Arvopaperi by www.arvopaperi.fi.

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