On Monday, the Helsinki Stock Exchange ended with a gentle rise. The OMXH general index rose by 0.5 percent to 12,483.00 points.
The most traded shares of the day were the financial group Nordea (+0.5%) and a network technology company Nokia (+0,7%).
Silver Mining Company Sotkamo Silverin the share continued last week’s price rally with a strong increase of more than 18 percent. The company recently raised its estimate of the amount of its silver reserves, which, along with the rise in the price of silver, has supported the company’s course. During the last five trading days, the company has doubled its price.
Analysis house Inderes started a circular economy company Lassila & Tikanojan with a follow-up recommendation and a target price of 8.8 euros. The new L&T split from its old parent company of the same name at the turn of the year, and the share began trading on January 2. The company’s real estate services will continue to be listed on the stock exchange I believe under the name. The lion’s share of the companies’ market value remained with the new L&T.
On Monday, L&T’s share was down 1.2 percent at EUR 8.1, and Luotea’s share was up two percent at EUR 2.63.
A mining company Endomines (+2.0%) said that the gold production of the company’s Pampalo mine increased by 16.3 percent last year compared to the previous year. The production volume was close to the lower range of the company’s guidelines.
Hiab (+2.3%) has been completed by the Brazilian crane manufacturer ING Cranesin the purchase, which the company already announced in November. According to the company, the acquisition significantly strengthens Hiab’s current position in the Brazilian market. The price of the transaction was not disclosed.
A beverage company Olvi (+1.7%) has acquired the largest brewery in Bosnia and Herzegovina Banja Luka Brewery completion of the acquisition. The parties did not disclose the value of the acquisition.
Project staffing and management services company of the Dovre Group subsidiary Suvic the board has filed the company’s bankruptcy application. Trading in Dovre’s shares was suspended on Friday shortly after Dovre announced challenges related to payment obligations.