STOCK EXCHANGE: Helsinki ended in a gentle decline – Spinnova collapsed to a cent share

The Helsinki Stock Exchange’s general index fell by 0.1 percent to 9,500.8 points on Wednesday. The most traded share was clearly Nokiawhich gained 1.6 percent to 4.03 euros.

Nokia got a giant telecom operator from India Bharti Airtelilta a 5g extension order worth billions of euros. The company has been a Nokia customer for over two decades.

On Tuesday, Nokia’s share fell 5.7 percent, when the analysis house EJL Wireless Researchin analyst Earl Lum speculates that the network manufacturer may lose the customer of the telecommunications operator T-Mobile in the United States.

Nanoform the strongest riser, Spinnova the strongest faller

The biggest riser of the day was Nanoformwhich jumped 17.9 percent to 1.40 euros. The health technology company published its interim report on Monday, in which it reported that its turnover had risen to six quarters for the first time and that it had agreed a record number of new projects.

Member of the company’s board Albert Haeggström and director of development Peter Hänninen refueled the stock yesterday: Haeggström with 21,972 euros and Hänninen with 34,380 euros.

He took the title of the fiercest calculator Spinnovawhose share fell by 11.1 percent to 0.99 euros. This is the first time that the stock broke below the euro limit during the stock market rally that started in 2021.

The company that manufactures wood-based fiber said on Tuesday that it and the Brazilian pulp giant Suzanon the start of the pre-planning phase of the production plant is delayed.

Negative news

It is a non-binding letter of intent signed in March, the preliminary planning phase of which was expected to start between July and December of this year. Suzano is the largest owner of Spinnova.

Inderes analyst Petri Gostowski and Danske Bank see the news as negative. Gostowski has previously analyzed that the realization and success of the project is important to convince other potential investors of the company’s technology.

According to Gostowski, the news causes pressure to change the analysis house’s forecasts, and Inderes plans to update its view of the company in the near future.

According to Danske Bank, in the big picture, the investment story has not changed, but the risks have increased. The bank calculated its forecasts for the coming years.