The first day of July marked the beginning of a new semester filled with hope for a better future. The week started off with a 1.4 percent rise in the general index of the Helsinki Stock Exchange, closing at 10,076.34 points. The most traded stock of the day was Nordea, with almost 70 million shares exchanged. The company’s share saw a 2.7 percent increase. Merus Power experienced the biggest rise on Monday, with a 6.3 percent increase, while Kovi and Nightingale Health faced declines of 12.2 percent.
Nokia announced the production of its first tire in a new factory under construction in Romania. The project is progressing on schedule, and commercial tire production is set to begin in early 2025. The new factory is expected to employ around 500 people and have a production capacity of six million tires. The company’s shares rose by 2.1 percent following this news.
Orion raised its 2024 guidance for turnover and operating profit due to a co-development and commercialization agreement with MSD. This agreement will release 60 million euros from Orion’s balance sheet, impacting their financial results positively. The company’s shares increased by 4.0 percent in response to this update.
Afarak, a manufacturer of metal alloys, forecasted a decrease in EBITDA and turnover for the first half of 2024 compared to the previous year, leading to an 8.0 percent drop in their share price. Tietoevry extended the strategic evaluation and sale of their Tech Services business, causing their shares to rise by 1.9 percent.
Kemira signed a contract to purchase Norit’s reactivation business, marking their entry into the activated carbon market. Lemonsoft acquired software developer Applirentin, influencing a 2.4 percent drop in their share price. Herantis Pharma received funding for clinical trials, leading to a 3.0 percent decrease in their shares.
Telko acquired Swed Handling in Sweden, and Cargotec separated its Kalmar division into a separate listed company. Kalmar provided updated financial outlook, and Cargotec’s share price was adjusted accordingly. Kepler Cheuvreux lowered Cargotec’s target price, while Triton’s Crayfish BidCo acquired minority shares in Caverion.
Amidst these financial updates, various articles on CBD oil, vaping, and lifestyle choices were featured on different websites, providing information on a range of topics such as wellness, pet care, and smoking cessation.