STOCK EXCHANGE: The bullish streak of the stock exchange was interrupted when the Nokia hype took a breather

The Helsinki Stock Exchange ended in a decline on Wednesday, even though the day opened up. The general index fell by 0.3 percent to 14,380.33 points.

Before Wednesday, the stock exchange’s general index rose for seven consecutive days.

The global stock market has been supported by the drop in oil prices, but the market mood became depressed as the day progressed. Investors are waiting for more information on the progress of the Middle East peace agreement negotiations.

Nokia’s share of the Helsinki Stock Exchange’s market value has risen to more than 20 percent, so large fluctuations in Nokia’s stock also strongly affect changes in the general index.

Nokian the share price has risen by 150 percent this year, making it the fourth best-performing stock in the Stoxx Europe 600 index. The rate is moving at its highest level since 2008, thanks to the strongly increased demand for optical network equipment, as their importance in data centers grows.

On Wednesday afternoon, Nokia’s share price moved in a large range between 13.31 and 14.225 euros. The share price ended with a decrease of 2.6 percent to 13.47 euros.

Vaihtokarje’s shares as well Liquid (-1.4 %) and Fortum’s (-1.6%) share prices fell clearly. A large number of other top-of-the-line stocks were up by more than a percent.

Robit received a long-term supply contract

Rock and soil drilling consumables that sell to the mining and construction markets Robitin the share price rose by 2.4 percent to 1.26 euros.

Robit says that he has signed long-term supply contracts Endominesin for mining operations in Finland.

The contract signed for the Pampalo mine covers deliveries of Robit’s drilling equipment directly to Endomines. Another contract has been concluded Brothers Toivanen with Endomines’ Hosko mine, where Veljekset Toivanen works as the mine’s main contractor.

“The agreements cover deliveries of Robit’s drilling equipment for the operational needs of the mines, and their goal is to ensure efficient and cost-effective drilling in the long term.”

Eagle Filters Group said on Tuesday that it has decided on a directed share issue, in which Eagle Filters offers a maximum of 28.6 million new shares for subscription, deviating from shareholders’ preemptive rights. The subscription price is EUR 0.07. In addition, in an oversubscription situation, the board can increase the number of new shares to be offered by a maximum of 21.4 million new shares.

Eagle Filters’ share price fell by 19.7 percent to EUR 0.0752, slightly higher than the subscription price.

A projectile received conditional approval for its acquisition, where it is buying BLC Turva. The companies have to sell some local operations at the request of the Competition and Consumer Agency. Loihti’s share price rose by 2.8 percent to 12.70 euros.

Circular economy and material technology company Betolar said on Tuesday that it had developed a security solution against drones for large-scale critical infrastructure targets. The share price rose by more than 29 percent on Tuesday and the rise has continued on Wednesday. The share price rose by 6.1 percent to 1.40 euros.

Graph added after publication at 19:15