STOCK EXCHANGE: The Helsinki Stock Exchange ended in decline – inflation figures weighed on the market

The general index of the Helsinki stock exchange ended with a decrease of 0.5 percent to 10,120.99 points on Thursday. Stock indices also fell elsewhere in Europe and flashed red on Wall Street as trading ended in Helsinki.

The US Department of Labor published inflation figures that were slightly higher than economists’ expectations. The figures give the Federal Central Bank Fed a backbone to lower the key interest rates more moderately in the upcoming interest rate meetings.

“We are changing our view on the Fed and now expect the interest rate cut cycle to continue in November with the usual rate cut of 0.25 percentage points instead of the big 0.5 percentage point rate cut we had previously predicted,” OP: n senior market economist Jari Hännikäinen comment.

Bittium gets a development director from Patria

Among the most traded shares on the Helsinki Stock Exchange, there were plenty of counters. For example Wärtsilä and Cargotec slipped 2.0 percent and Training 2.5 percent.

There was less company-specific news on Thursday.

A technology company Bittium appointed development director and member of the management team Erik Ahngerinwhich will transfer to the company from the one focused on the defense industry Patrialta. He has worked there, for example, as the group’s development director and was responsible for strategy and acquisitions.

Bittium has three business areas, one of which offers secure communication solutions for defense forces, for example. Ahnger will start at Bittium on January 7, 2025 at the latest.

The company’s share rose 1.2 percent to 6.82 euros.

Indoor Group starts change negotiations

Multidisciplinary company of KH Group group company In the Indoor Group change negotiations will be launched, which may lead to the end of 200 tasks.

The background is the reforms with which Indoor is aiming for an annual operating profit improvement of at least 10 million euros by the end of 2026.

Indoor, known from Sotka and Asko, had 702 employees at the end of last year. Turnover was 186.3 million euros and operating profit was 1 million euros. KH Group’s turnover was 403.3 million euros and operating profit 11.7 million euros.

KH Group’s share ended with an increase of 0.3 percent to 0.62 euros.