STOCK EXCHANGE: The stock market rose again – Wärtsilä has a big order for the United States

The Helsinki stock exchange rose on Wednesday. The OMXH index closed up 0.7 percent at 14,611.74 points.

After the stock market closed, the biggest gainers on Wednesday were planning and consulting companies Sitowise Group with an increase of 7.4 percent and Relais Group with an increase of 4.5 percent.

The largest decliners were a health technology company Nightingale Health With a 6.3 percent decline and a software company Qt Group with a decrease of 6.2 percent.

The machine on Wednesday, the extraordinary general meeting approved the decision proposals made in connection with the TK Elevator acquisition. Kone’s share was up 0.1 percent at the time of the review.

In addition, the number of Kone’s board members was increased to ten and new members were elected Ranjan Sen and Bruno Schick.

Nokia continued to be the most traded share with a 2.4 percent increase.

A technology company Wärtsilä announced on Wednesday that it was awarded a contract to supply and maintain a 452 megawatt power generation facility in the United States. The company’s share became the third most traded of the day with a 3 percent increase.

Gaming company Remedy announced that it will release a sequel to the Control game on September 24. The release date of the game coincides with the release of several other highly anticipated video games. At the time of the review, Remedy’s share price was down 2.6 percent.

Reduction of short positions

of the Qt Group the stock has been shorted heavily this spring. At its peak, short selling positions were more than 10 percent of the company’s share capital, which means that it was the most shorted stock on the entire Helsinki stock exchange.

In recent weeks, however, the stock has seen a turn, which has forced short sellers to lighten their positions. Based on information from Owner Information Service Holdings, at the beginning of June, public short positions were only five percent of the company’s share capital.

For example, a US hedge fund Citadel Advisors announced that he had reduced his short position in the company.