STOCK EXCHANGE: A clear down day, Cityco’s disappointment for investors

The general index of the Helsinki Stock Exchange, OMX Helsinki, fell by 1.0 percent to 10,122.37 points. The decline was extensive and in some places deep. Of the stocks on the main list of the stock exchange, 95 were down and 34 were up.

Globally, investors have tried to interpret the Chinese authorities’ somewhat evasive messages about their stimulus policy. Monetary policy bonkers are next waiting for data on US inflation. In addition, the situation in the Middle East affects the market through the oil market, on Tuesday the price of crude oil has been falling.

On Tuesday, many of the shares at the top of the exchange were in a slump. In the deepest of these stocks you crouched In this-4.7 percent.

Forestry company UPM Kymmene told about change negotiations that could lead to a possible reduction of 110 positions at UPM Fibers Finland. UPM’s share price had fallen by 3.1 percent to 29.38 euros.

On Monday, it was clearly on the rise Stora Enson the share price fell by 3.9 percent to 11.835 euros on Tuesday.

Citycon issued a profit warning

Among the companies on the main list, at the top of the list of losers is a real estate investor who warned about its results Cityconin share. The share price fell by 6.9 percent to 3.82 euros.

Citycon issued a profit warning on Monday after the stock market closed. The company expects the operating profit to fall in the range of 183–187 million euros this year, while the guidance issued in July expected 185–195 million euros.

Citycon justifies the change in the guidelines with several factors. For example, the company has divested the Kongssenteret and Trekanten centers in Norway during this year.

As other reasons, the real estate investor cites the weakening of the exchange rates of Norwegian and Swedish kroner, the delay in the completion of the Barkarby residential real estate project, and the cumulative effect of one-time costs related to the reorganization of the organization in accordance with the savings program.

Terveystalo a share worth EUR 0.15 was removed from the share price. The share price fell slightly more than the dividend by 0.22 euros, or 2.3 percent, to 9.25 euros.

Kojamo announced on Monday about his change of CEO and the share price fell by more than five percent. On Tuesday, the share price rose by 0.6 percent to 9.665 euros.

Restaurant group Noho Partners has bought the majority of the business of H5 Ravintoloi, which includes eight restaurants in Tampere, through a stock transaction.

Restaurants include H5 Bar&Cellar, Pub Kujakolli, restaurant Härlem, restaurant Pons, The Red Lion Pub, restaurant Tuoppi and Beerhouse Opaali. In addition, the sale includes the sports bar Kultainen Ilves, which is responsible for the serving of the football stadium in Tammela.

Noho’s share price rose by 1.9 percent to 7.42 euros.

He was the biggest bearer of the stock market Bioretec. Inderes lowered the target price of the company’s share to 2.60 euros from 2.90 euros, the reduce recommendation is unchanged. The share price fell by 7.6 percent to 2.20 euros.