Helsinki Stock Exchange Reports Strong Rise for Wärtsilä, Purmo, and Kemira

At the end of the week, the stock prices of several earnings publishers closed with a clear increase on the Helsinki Stock Exchange. The general index of the Helsinki Stock Exchange closed with a clear increase on Friday, up 1.1 percent to 9,835 points. The main indices of the New York stock exchanges were rising after the Helsinki stock exchange closed, with the S&P 500 general index up 1.1 percent, Nasdaq up two percent, and Dow Jones up 0.4 percent.

The stock exchange’s most traded shares on Friday included Nokia, which closed down 1.5 percent, and Nordea, whose share rose by 0.3 percent. Wärtsilä reported an operating profit better than analysts’ expectations, causing its share to rise by 11.4 percent. Other companies like Kemira, Appetite, and Creatine also reported results that either met or exceeded expectations, leading to increases in their shares as well.

A voluntary recommended all-cash tender offer was announced by British Project Grand Bidco Limited for Purmo Group shares, with Purmo’s board of directors unanimously recommending the acceptance of the purchase offer. However, financial company Oma Säästöpankki faced a scandal when a former employee was charged with gross embezzlement and forgery, causing its share to rise by 1.2 percent.

In Central Finland, a board member of Keskisuomainen was fired due to a relationship, sparking controversy within the company. This decision resulted in a 1.9 percent decrease in Keskisuomainen’s share price. Overall, the Helsinki Stock Exchange saw strong rises in technology companies, with notable increases in shares like the Qt Group by 8.4 percent.

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