On Thursday, Neste’s shares experienced a significant drop of almost 8 percent on the Helsinki Stock Exchange. Additionally, LiquidKesko’s and Kempower’s shares also took a hit during trading on Thursday.
One of the biggest losers was oil refiner Neste, whose shares fell by almost 8 percent after 12 o’clock. Trading company Kesko’s B-series shares closed down by almost six percent, and battery charging company Kempower’s shares were down by more than six percent. The reason behind these price declines was attributed to worse-than-expected earnings announcements.
Thursday proved to be a busy day for the Helsinki Stock Exchange, with dozens of listed companies publishing their results. Companies like construction company SRV, which reported better-than-expected results, saw their share prices rise by more than 5 percent by midday. Forest giants UPM and Stora Enso also experienced strong growth, with their shares increasing by well over 4 percent.
Overall, the day at the Helsinki Stock Exchange was considered a minor success, despite the general index falling by 0.9 percent by midday. Investors and traders were closely monitoring the various companies and their earnings announcements throughout the day.