Helsinki Stock Exchange Experiences Slight Decline, Sixth Consecutive Day of Loss
On Wednesday, the Helsinki Stock Exchange experienced a slight decline, with the OMXH general index ending at 9,735.18 points, a decrease of 0.1 percent. This marked the sixth consecutive day of decline for the general index. The most traded stocks of the day were Nordea (+1.2%), Roots (+0.9%), and Sampo (+0.4%), while decliners included Kone (-0.9%), Stora Enso (-0.9%), and Cargotec (-1.0%). Meanwhile, fund company Titanium issued an earnings warning, stating that the current year’s turnover is expected to fall below the medium-term target level. Titanium’s price fell by 7.9 percent to 11.65 euros.
In other news, IT company Tecnotreen saw a 5.3 percent increase in its share price following successful negotiations with its stakeholders for an increased share price.
Sanoma Media Finland concluded change negotiations that resulted in the termination of eight employees as part of ongoing cost-cutting measures.
Fortum secured a five-year electricity sales agreement with Swedish ferroalloy producer Werewolf Alloyxen, involving the supply of 0.4 terawatt hours of electricity and nuclear power guarantees of origin with gradually increasing pricing in Sweden.
Wärtsilä signed a contract with the LCRA authority in Texas for the supply of ten power generators for the Texas power grid.
Analysts provided several recommendation changes for different companies, including adjustments to target prices and recommendations for Oma Säästöpankki, Honkarakenne, Mandatum, Stora Enso, Huhtamäki, Kesko, UPM-Kymmene, Wärtsilä, Cargotec, Pihlajalinna, and more.
Overall, it was a relatively quiet day on the Helsinki Stock Exchange as investors continued to monitor global economic developments and ongoing trade tensions between major economies such as China and the United States.
