On Wednesday, smaller companies on the stock exchange, including Incap, Digia, Administer, and Relais, received a boost from their results announcements. Conversely, the Helsinki Stock Exchange had a quieter day following two days of growth. The OMXH general index closed down marginally at 10,109 points, while the cutting-edge Nordic index decreased by 0.7 percent.
Among the most traded stocks, Sampo was the biggest gainer with a 2.4 percent increase. On the other hand, Mandatum, a life insurer and asset manager, faced a 5.4 percent decline despite an increase in results compared to the previous period. Similarly, housing investor Kojamo’s results fell short of forecasts, causing the company to adjust its guidelines.
In terms of earnings announcements, various companies reported mixed results on Wednesday. For instance, Elecsterin reported a decrease in turnover and profit, while Investors House, a real estate investment company, saw improved performance compared to the previous year. IT company Digia exceeded expectations in terms of profitability, while Relay, operating in the vehicle aftermarket, increased its turnover through acquisitions.
Additionally, Rush Factory faced a decline after its subsidiary in England announced that events would not take place this year. However, the potential liquidation of the subsidiary is not expected to impact Rush Factory’s operations in other countries. Overall, there were numerous developments in the stock market with companies reporting varying results and performance.