Helsinki Stock Exchange Soars with Over 1% Increase in General Index to Kick Off Second Half of Year

The second half of 2024 started off strong in Helsinki, with the stock exchange’s general index rising by about 1.1 percent to 10,050.26 points in the afternoon. The most exchanged share was Nordea, up by 1.6 percent with nearly 20 million shares exchanged. Technology consulting company Solteq saw the biggest gains with a 10.1 percent increase, while biotechnology company Nightingale Health experienced a 9.1 percent decline.

IT service company Tietoevry extended its strategic evaluation and sale of the Tech Services business, with more information to be provided by the time of the third quarter results report on October 24. Kemira signed a contract to acquire the reactivation business in Great Britain from Purton Carbons Limited, marking its first step into the activated carbon market.

Lemonsoft announced it would purchase software developer Applirentin in a deal worth approximately EUR 2.3 million. Herantis Pharma received funding for a phase 1b clinical trial from the Michael J. Fox Foundation for Parkinson’s Research. Telko, a subsidiary of Aspo, completed the acquisition of Swed Handling AB in Sweden.

Cargotec split from Kalmar, becoming its own listed company on the stock exchange’s main list. Cargotec shareholders received one Kalmar share for each Cargotec share they owned. Kepler Cheuvreux updated the target price for Cargotec to 32.0 euros. US Index Futures predicted a bullish opening for Wall Street.