The Helsinki Stock Exchange’s general index ended up one percent at 11,720.34 points on Wednesday. Market sentiments were raised by expectations of the continuation of interest rate cuts by the Fed, the central bank of the United States.
The most exchanged companies were the financial group Nordea (+1.3%) and a network technology company Nokia (-0,1%).
Also a fuel company In this was near the replacement tip. International banking group UBS in the morning raised the company’s share recommendation to buy level from hold level and the target price to 20.50 euros.
Neste’s price closed with a 3.4 percent increase to 16.50 euros.
QPR has a strong rally
In Europe, the prices of steel companies rose after Deutsche Bank lifted the steel giant Salzgitter target price and recommendation from hold level to buy level. According to the bank, the European Union’s recent efforts to protect the European steel industry strengthen the future outlook of steel companies.
Helsinki steel companies and SSAB‘s more traded B share that Outokumpu ended up with a three percent increase.
The software company continued to be at the top of the stock market’s rise QPR Software (+16.1%), who said on Tuesday Santander Bank Polandin implementing the company’s software for analyzing and optimizing banking processes. The company’s stock has already lost more than 26 percent in the past two days.
At the top of the list was an electronics contract manufacturer Scanfilwhose share fell 4.1 percent.
Summa leaders are leaving
Car dealer Wetteri (-4.4%) gave profit guidance for next year. The company estimates that its turnover will increase compared to the previous year and that the adjusted operating profit will increase and turn profitable.
A defense company Summa Defence (-4.0%) said the company’s operational manager Tommi Malinen and Director of Communications Tommi Manninen of the leaving company.
We are familiar with floating hotels Sunborn International (+1.6%) has applied for the listing of its shares on the US OTC market.
The company’s primary listing will remain on the Nasdaq Helsinki First North marketplace, and a possible OTC listing would serve as a secondary trading venue.