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Helsinki Stock Exchange Continues to Decline Despite Disappointing Friday Earnings Reports


Feb 10, 2024

On Friday afternoon, the Helsinki Stock Exchange continued its downward trend for the week, with the general index down 0.3 percent at 9,804.23 points. Fortum and In this were among the most traded stocks, with both down 1.0 percent and 1.3 percent, respectively. It was another busy results day, with 10 companies reporting their results, and the share price was down in nine out of ten earnings publishers.

At the bottom of the main list was an industrial service company Lassila & Tikanoja, which fell short of analysts’ expectations in the fourth half of the year. L&T’s share was down 9.1 percent. Chemical company Kemira and trading company Stockmann also reported results. YIT, a construction company, and beverage company Olvin also reported their adjusted operating profits.

Specializing in communication solutions, Bittium, Telestone, food company HKScan, IT service company Digian, and Enento also reported their fourth-quarter results. In the afternoon, Enento shared their results, noting that their turnover shrank in the fourth quarter of last year.

In the stock market, the most traded stocks were down, with many companies reporting results and share prices falling. Lassila & Tikanoja, Kemira, Stockmann, YIT, Olvin, Bittium, Telestone, HKScan, Digian, and Enento all reported their fourth-quarter results, with most seeing declines in stock prices.

By Editor

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