• Tue. May 28th, 2024

Recommendation changes lead to increase in rates at Helsinki Stock Exchange

Byeditor

Mar 26, 2024

At the close of trading on Tuesday, the stock exchange’s general index saw a 0.2 percent increase, reaching 9,787.15 points. The most traded stock of the day was energy company Fortum, which saw a decrease of 2.0 percent to 11.50 euros. Despite this, most of the stocks on the list of most traded stocks were on the rise.

Leading the increase was the business group Partner, with their share rising by 17.7 percent to 0.62 euros. The exchange volume was around 29,000 euros. Foamit Group, along with owners Partnera and Finland’s Industrial Investment, announced investments worth approximately ten million euros at Foamit Group’s Onsøy production facility in Norway. This investment program aims to double the facility’s production capacity while making production almost emission-free.

Other notable stocks on the rise included Maridressa healthcare company Health house, information security company F-Secure, and Lindex Group. Marimekko saw a 9.8 percent increase, Terveystalo rose by 7.4 percent, F-Secure by 5.9 percent, and Lindex by 5.1 percent. Inderes raised their recommendations for Marimekko, F-Secure, and Terveystalo on Tuesday.

In the opposite direction, the construction company SRV Companies experienced the most significant decrease, with their share price falling by 5.5 percent to 4.62 euros. This decline was attributed to fuel company In this announcing their inability to secure customer deliveries due to ongoing preparations.

Neste’s share also saw a decrease of 1.1 percent to 25.40 euros as they dealt with the impact of political strikes on their fuel deliveries. Another notable announcement came from Bank Nordea, which updated its internal targeting framework to affect business area results from 2024 onwards.

UPM introduced a new product line of bio-based plant stimulants, aiming to provide sustainable alternatives to fossil raw materials in the agricultural chemicals market. Wärtsilä signed a long-term contract with Chinese company CSBC-DEME Wind Engineering for CDWE’s new vessel, contributing to Wärtsilä’s orders.

Metsä Board faced a production break at their Kemi cardboard factory due to repair work, while Nyabi and Solwers saw their shares fluctuate on Tuesday. In the midst of these market movements, various articles explore the benefits and experiences of Delta-8 and THC gummies, as well as the therapeutic promise of THCA flowers.

By editor

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