The general index of the Helsinki Stock Exchange, OMX Helsinki, continued to rise by 0.3 percent at 11,633.52 points during the day on Wednesday.
Market sentiments have been raised by expectations that the US central bank Fed will continue to cut interest rates, as a result of which the stock markets in Europe and Asia have mainly been rising.
Among the most exchanged shares, the fuel company In this was up two percent at 16.28 euros. 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.
Also Nordea (+0.6%) and Nokia (-0.9%) were among the most traded shares. Nokia said it would deepen cooperation with the German company Telefónica Germanyn with a new five-year contract. The purpose of the cooperation is to expand the 5g network in Germany.
Steel companies on the rise
The shares of European steel companies have been rising during the day, when 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.
Salzgitter’s share was up eight percent.
on the Helsinki Stock Exchange SSAB,’s more traded B share was up 1.5 percent and Outokumpu was up 2.2 percent.
The software company continued to be at the top of the stock market’s rise QPR Software (+13.2%), who said on Tuesday Santander Bank Polandin implementing the company’s software for analyzing and optimizing banking processes. The company’s stock has already risen more than 20 percent over the past two days.
An information security company was also on the rise SSH Communications (+4.5%), whose share fell by 18.2 percent the previous day, when Inderes started monitoring the stock with a sell recommendation.
Sunborn wants to go to Wall Street
Car dealer Wetteri (-3.4%) 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.
Engineering works Hiab (+1.0%) said that it had signed a contract with a leading Brazilian crane manufacturer ING Cranesin about buying. According to Hiab, the acquisition significantly strengthens the company’s position in the Brazilian market. The parties did not disclose the purchase price.
We are familiar with floating hotels Sunborn International (-4.1%) 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.
Biotechnology company Herantis Pharma (+2.4%) has completed a six-month preclinical toxicology study of the drug lead HER-096. The goal of the drug prototype is to stop the progression of Parkinson’s disease.
Provider of business information services Eneno Group (-0.3%) has appointed Paavola’s trick as the company’s new CEO. He will start his position on January 7, 2026.