STOCK EXCHANGE: Helsinki closed on the rise – Nokia in the middle of the rumor mill

The Helsinki Stock Exchange closed higher on Thursday. The stock exchange’s general index rose 0.4 percent to 9,808 points.

The biggest news of the day had spread to the market shortly before the stock market closed via the Financial Times theseaccording to which Nokia would have started looking for a replacement for the company’s current CEO For Pekka Lundmark. Nokia denied the rumors when they were fresh.

Nokia shares closed up 0.2 percent to 3.78 euros.

Foundry issued a negative earnings warning late Wednesday, in which the company lowered its outlook for this year’s revenue and business outlook. The company is now guiding for a turnover of 26–27 million and an adjusted operating profit of 6–8 percent for the whole year.

Fondia’s share closed down 2.3 percent to 6.40 euros.

Following an unusual financial period Wood joy said that its turnover increased to 119.9 million euros in the second quarter and its profit to 24.4 million. Both readings fell just short of the consensus forecast compiled by Factset.

Puulio’s share rose 0.7 percent to 9.85 euros.

Exel Composites said it had decided to close its factory in Oudenaarde, Belgium. The closing decision was related to the company’s strategic investigation work started in January.

Exel’s share fell by 3.3 percent to 0.376 euros.

Listed this week Solar Foods got his first analyst follower when Inderes said that he had started monitoring the company. Inderes gave the company a target price of 11.00 euros and a sell recommendation.

The Solar Foods share fell by 3.5 percent to 11.92 euros.

Major owners and insiders with share deals

Eagle Filtersin on the basis of the flagging notification of the company’s main owner Joint Effects LLC:n the shareholding has risen to 26 percent. According to previous information, Joint Effects owned 22 percent of the company.

The Eagle Filters share rose by 5.7 percent to 0.082 euros.

In Harvia business has gone in the other direction again, because the company’s innovation and technology director Timo Harvia has sold the company’s shares for around 1.5 million euros in recent days.

Harvia shares fell 1.5 percent to 40.85 euros.