ASCENT: Elisa’s Joyful Journey to the Summit of the Stock Exchange

On Friday, the Helsinki Stock Exchange opened lower, but throughout the day, there was a clear upward trend. The general index closed up 0.7 percent at 9,838 points. The most traded stock of the day was Nordea, which had announced its results the day before. The bank’s stock closed up 1.4 percent. Nokia, the second most traded stock, also announced its results on Thursday and rose 2.5 percent during the day. Despite the company’s first quarter figures not meeting expectations, Nokia anticipates that the foundations of its mobile network business have been established.

During the day, Elisa, a telecom operator, saw the biggest gains following its morning earnings announcement, closing up 4.4 percent. Elisa’s operating profit in January-March was 112 million euros, slightly lower than analyst expectations. The company maintained its guidance for 2024, stating that turnover and comparable EBITDA should be at the same level or slightly higher than the comparison period. Other companies that announced results on Friday included Alma Media, Gofore, QPR Software, Ponsse, and Valoe.

Analyst recommendations and target price adjustments were made by various financial institutions for companies such as Nokia, UPM, YIT, Nokian, Nordic, Robit, Titanium, Aspocomp, and Talenom. Additionally, various articles on different topics were also discussed on websites such as DCFever, SoundCloud, Cartapacio, American Society for Radiation Oncology, Nieruchomości Land, and others. The rise of stem cell therapy in Malaysia and the impact of rainy season in Colombia were also highlighted in the content.