STOCK EXCHANGE: Neste and forest companies on the rise, selling pressure in Nokia shares

The OMX Helsinki general index of the Helsinki Stock Exchange ended on Friday with a decrease of 0.2 percent to 13,407.23 points.

The index was on a slight rise throughout the day, but after the opening of trading in New York, the price drop of Nokia’s share deepened and this also weighed on the general index, where Nokia’s weight is about 18 percent.

The weight-limited OMX Helsinki Cap ended up 0.3 percent higher. There were clearly more rising stocks on the main list than falling stocks. In the weight-restricted index, Nokia’s weight is about 6.5 percent.

On Thursday, it rose sharply Nokian the share price finally fell by 2.7 percent to 10.895 euros on Friday.

Other most traded stocks Liquid the share price rose by 2.0 percent to 29.68 euros. The target price of Neste’s share rose to EUR 34.0 from EUR 33.0 at Inderes. The recommendation is still more.

Forest stocks were also popular among investors.

Stora Enson The R share price increased by 2.0 percent and the UPM share price increased by 1.3 percent.

Having received a purchase offer of 17 euros from S-bank on Thursday My Savings Bank the share price has risen by 0.1 percent closer to the offer price to 16.82 euros.

Training deliver For Sun Paper Cardboard production line and life cycle services to China. The contract is included in the orders received in the second quarter. The value of the order is not disclosed. The share price rose by 0.95 percent to 21.26 euros.

Eezyn the target price for Inderes increased to 0.18 euros from 0.14 euros. The analysis house lowers the recommendation from the decrease level to the increase level. The share price fell by 1.6 percent to 0.183 euros.

IQM’s stock ended at yesterday’s level in Helsinki

Investors have gotten used to the price fluctuations of the quantum computer company IQM this week. The company was listed on July 2. New York’s Nasdaq by merging with a previously listed shell company, and 3.7. to the Helsinki Stock Exchange.

At the end of this week, the price difference between two different trading venues for IQM shares has narrowed when both trading venues are open. In practice, it has meant a drastic drop in Helsinki’s quotation from a maximum of 20 euros to just over ten euros. On Friday, IQM’s share price fell to Thursday’s closing level of 10.70 euros. At the time of closing, the quotation in New York was 12.08 dollars, or about 10.57 euros.

In the European market, the broad Stoxx 600 was up 0.04 percent shortly before the close of trading.

Investors’ eyes are already starting to shift to the earnings season, which will start properly next week, which is expected to be the next major driver of the stock market. On Friday, the stock market’s appetite for risk-taking was supported by the stabilization of oil prices, which allayed fears about the expansion of the conflict and its effects on the global economy.