Helsinki Stock Exchange: Intriguing Insights into Market Dynamics on a Tuesday Morning

On Tuesday, the European stock exchanges experienced a significant drop, including the Helsinki Stock Exchange. The general index of the Helsinki Stock Exchange fell by 0.7 percent to 10,002.95 points. The most traded stock on Tuesday was Nordea, with its share decreasing by 1.8 percent, ending at a unit price of 11.2 euros. Betolar saw the biggest increase on Tuesday with a 7.5 percent rise, while BBS-Bioactive Bone Substitutes experienced the largest decline with a decrease of 8.1 percent.

Betolar and Norway Mineralerin announced a partnership to develop sustainable and low-carbon mining solutions in southern Norway using Betolar’s sustainable mining solutions, know-how, technologies, and innovations in Norge Mineraler’s operations.

The board of health technology company BBS-Bioactive Bone Substitutes decided on a free share issue of 450,000 shares to the company itself, increasing its ownership of its own shares to approximately 2.2 percent of all shares.

There was a minor fire at the central warehouse on Tuesday that was successfully extinguished with minimal damage. No injuries were reported, and the fire was believed to have started as a result of roof work.

Monday saw the listing of a new billion-dollar company, Kalmar, on the Helsinki stock exchange as an independent entity after spinning off from Cargotec. The first trading day for Kalmar ended with a 2.3 percent increase in share price.

Endomines reported a four percent increase in gold production at its Pampalo mine in the first half of 2024 compared to the same period in 2023. The company expects significant growth in production for the second half of 2024.

Meriaura Group announced the sale of a minority stake in its maritime logistics subsidiary Meriaura Oy to its largest shareholder Meriaura Invest Oy for €4,552,659.73.

German investment company ShapeQ doubled its investment in Fodelia by becoming its third largest shareholder through a block trade worth over €2 million.

Valmet’s engineering division secured an order to deliver a carrier roller cutter for a paper machine in China for introduction planned for 2025.

Administer made an offer to acquire shares from Kuntalaskenna Oy from Pieksämäki city council approved after getting approval from Administer Oyj board for transaction where Kuntalaskenna will transfer around %40