Helsinki Stock Exchange Continues its Steady Decline

Helsinki Stock Exchange Continues its Steady Decline

This week, the Helsinki Stock Exchange did not show much excitement despite the rise of global markets. Several companies announced their annual results.

By Friday afternoon, the overall index of the Helsinki Stock Exchange had declined by a mere 0.1 percent, standing at 9,834.33 points.

The most actively traded stock during the morning was Nordea, with its shares increasing by 0.9 percent at the time of review.

Other companies that saw a rise in their share prices include the pharmaceutical company Faron Pharmaceuticals and investment service firm Alexandria. Faron’s shares rose by 8.6 percent, while Alexandria’s shares increased by 5.3 percent.

On the flip side, companies that announced their results in the morning saw a decline in their share prices. These include the used car dealership Kamux and elevator company Kone, both of which saw their shares drop by 3.5 percent.

Kone’s shares were impacted by its dividend release today, which had a downward effect on the price. Compared to yesterday’s closing price of 45.22 euros, the dividend yield is 3.9 percent, equivalent to 1.75 euros.

Earnings announcements create buzz

Construction firm SRV and the employment pension insurance company Varma have signed an agreement to build 128 apartments in Niittykumpu, Espoo.

The contract, valued at approximately 19 million euros for SRV, will be recorded in the second quarter of 2024. Construction is set to commence in the summer of 2024 and is expected to be completed by early 2026.

SRV’s shares rose by 0.3 percent after the announcement.

Several other companies also released their results during the day. These include maritime logistics company Meriaura Group, digital services firm A projectile, forestry machinery parts manufacturer Kesla, used car dealership kamux,, machine shop service provider compound, stove company fire, and printing house RedBlack.

Kamux’s operating result for the last quarter of the year increased compared to the previous year, but fell short of analysts’ projections. The company’s operating result was 4.5 million euros for October to December. Meanwhile, in 2022, the operating result was 1.6 million euros. Turnover for the last quarter amounted to 241.6 million euros, compared to 222.9 million euros in the same period of the previous year.

Loihti’s financial report signals uncertainty in the market. The company reported an operating profit of 1.5 million euros in the final quarter, compared to 0.9 million euros in the same period the previous year.

Loihti’s share price rose by 3.1 percent.

Kesla’s results showed a slight loss in October to December. The company foresees a drop in turnover and stagnant operating profit for this year. Unlike last year, Kesla will pay a dividend this year. The board proposes a maximum dividend of 0.10 euros per share from last year’s result. For the entire last year, the company’s turnover was 55.4 million euros and the operating profit was 1.4 million euros.

Kesla’s share price rose by 2.5 percent.

Elisa’s newly appointed CEO, Topi Manner, bought company shares today. According to the announcement, Manner purchased 3,000 shares. The average price of the shares was 41.91 euros, totalling 125,730 euros.

One thought on “Helsinki Stock Exchange Continues its Steady Decline

  1. https://newzealandmapnow.com/experience-intensity-acer-predator-gaming-world/
    https://englishandelephants.com/the-hunt-begins-acer-predator-gaming-revolution/
    https://shortsaleblogger.com/kiss918-your-gateway-to-endless-entertainment-and-wins/
    https://nextgenmag.org/kiss918-demystified-everything-you-need-to-know-before-you-play/
    https://perishersmusic.com/dive-into-the-world-of-excitement-pussy888-uncovered/
    https://ada-newreleases.com/kiss888-your-gateway-to-online-casino-excitement/
    https://forecos.net/mega888-madness-experience-the-ultimate-gaming-rush/
    https://schneppzone.com/unlocking-the-vault-kiss918s-most-lucrative-games-revealed/
    https://themuddpartnership.com/unlocking-endless-entertainment-the-wonders-of-pussy888/
    https://observatorideute.org/experiencing-the-magic-of-pussy888-your-ticket-to-thrills/
    https://tcpjusticedenied.org/the-power-of-kiss918-redefining-virtual-casino-experiences/
    https://auntritasevents.org/the-kiss918-enigma-deciphering-the-allure-of-virtual-casinos/
    https://stoptar.org/unraveling-the-magic-of-kiss918-strategies-for-success/
    https://pollcracylab.com/kiss918-declassified-insider-insights-into-virtual-casinos/
    https://pro-kg.com/conquer-the-competition-with-pussy888-your-key-to-success/
    https://theramblingness.com/kiss918-unveiled-behind-the-scenes-of-online-gamings-giant/
    https://thestopnm.com/the-kiss918-experience-journey-into-the-world-of-virtual-casinos/
    https://eyeluminoushelps.com/embark-on-an-adventure-with-mega888-fortune-awaits/
    https://benisawesome.net/kiss918-unmasked-dissecting-the-anatomy-of-virtual-casinos/
    https://morgansandphillips.net/kiss918-decoded-insider-secrets-for-mastering-the-games/
    https://megjcrane.com/kiss918-insider-expert-strategies-for-winning-big/
    https://nsaxonanderson.com/kiss918-decoded-insider-strategies-for-dominating-the-games/
    https://tunisiacheknews.com/unlocking-the-secrets-of-kiss918-insider-tips-for-success/
    https://asmith-photography.com/the-kiss918-experience-exploring-the-thrills-of-virtual-gaming/
    https://ketonesbodyprotry.com/mega888-marvel-your-passport-to-exciting-virtual-adventures/
    https://buyalphacut.com/mega888-the-premier-platform-for-thrilling-online-gaming/
    https://imagicase.com/the-kiss918-phenomenon-unraveling-the-mysteries-of-virtual-gaming/
    https://newzealandmapnow.com/experience-intensity-acer-predator-gaming-world/
    https://englishandelephants.com/the-hunt-begins-acer-predator-gaming-revolution/
    https://shortsaleblogger.com/kiss918-your-gateway-to-endless-entertainment-and-wins/

Comments are closed.