STOCK EXCHANGE: The appointment of Telesten America inspired the bull market

The Helsinki Stock Exchange continued to rise on Monday, even though the interest rate and currency markets have fluctuated. The market has been swayed by the uncertain political situation in France. On the other hand, in Europe, expectations for the easing of monetary policy have strengthened.

The general index OMX Helsinki ended with an increase of 0.75 percent to 9629.81 points. There were 77 gainers and 55 decliners on the stock exchange’s main list.

UPM announced that as a result of UPM Fibres’ change negotiations, the company will reduce a maximum of 88 jobs. In addition, the company agreed on possible layoffs for the first half of next year. The organization includes UPM Pulp’s Finnish pulp mills, UPM Timber’s Finnish operations and UPM Metsä. UPM’s share price rose 1.6 percent – the most among the top-of-the-line stocks.

Teleste inspired

A technology company The Telestone the share price rose by 10.1 percent to 2.95 euros

Teleste announced that it will strengthen its management and the strategic focus of North America. The company has appointed by Ulf Andersson Broadband Networks business unit manager and member of the management team. He will start on January 1, 2025 as his place of business in the United States.

Carrying out the task from North America is related to the expansion of the strategic focus of the business to that market.

Health housen’s share price rose by 5.5 percent to 10.66 euros. The company updated its goals and dividend policy. In the medium term, the company aims for an average 10 percent increase in earnings per share annually. The company plans to distribute at least 80 percent of the net profit as a dividend.

A drug development company Pharaoh said that he received a research license for his bexmab study in Britain. The share price had risen by 10.6 percent to 2.25 euros.

compound confirmed that the EUR 9 million option related to the Defense Forces order of EUR 50 million announced in May will be realized. Componenta’s share price rose by 1.6 percent to 2.54 euros.

Asp informs that its subsidiary The baker grow the Baltic food business. It has agreed Lithuanian Cartagena UABon the continuation of food distribution operations. Aspo’s share price had fallen by 1.2 percent to 5.02 euros.

Shares with reduced target prices are falling

Solversin the target price of the share drops to 4.2 euros from 5.0 euros at Inderes and lowered the recommendation from the buy level to the add level. The share price had fallen by 4.1 percent to 3.28 euros

BBS:n the stock reduction recommendation is repeated with Inderes. At the same time, the analysis house lowers the target price to 0.08 euros from 0.30 euros. The share price fell by 7.4 percent to EUR 0.0902.

This week, investors are waiting for the US labor market report to be published on Friday. of the USA labor market statistics are watched in the market because they can decide the Fed’s interest rate decision at the December meeting on 17-18 December 24.