STOCK EXCHANGE: Titanium’s slide continued on the stock exchange, Reka’s board changes

The Helsinki Stock Exchange closed sharply lower on Wednesday. The general index weakened by 1.1 percent to 9,625 points.

In the most traded stocks Nordea decreased by 0.7 percent, while Nokia fell by 0.4 percent. In this fell by 3.5 percent.

Exchange rate reactions and exchanges have been compiled in a table at the end of the story.

Packaging company Huhtamäki announced that it is changing its CEO. The company has appointed Ralf K. Wunderlichin as CEO from January 15, 2025. Current CEO Charles Héaulmé will be available as needed until July 2025 to ensure a smooth transition period.

Fund company Titaniumin the course ended yesterday Tuesday with a five percent drop after the company had announced that it would be discontinuedätemporarily managed by them Special investment fund Titanium Hoivakinteistön execution of redemptions.

The course closed on Wednesday down more than ten percent to 8.60 euros.

Industrial investment company Reka Industrial announced that the company’s board has decided to convene an extraordinary general meeting to elect a new board for the company. The company has been sitting on a pile of money from the sale of Reka Kaapeli for a long time, for which the government has tried to find uses. However, no consensus has been reached, which is why the government is resigning.

Oil refiner In this announced that it and the Bayer Group have signed a letter of intent aimed at developing the fall canola ecosystem in the United States. The cooperation includes, among other things, the identification of partners, the development of the value chain, and the expansion of autumn rapeseed production as a raw material for renewable products.

Carrier Finnair reported travel statistics from December. In December, the company transported 927,000 passengers, which was 5.6 percent more than in December 2023. Total capacity, measured in passenger kilometers (ASK) offered, decreased by 2.2 percent in December from the comparison period due to the pilots’ work stoppage, which led to the cancellation of approximately 300 flights. The passenger utilization rate increased by 6.5 percentage points and was 77.4 percent.

Specialized in oil control Lamor reported that it has received an eight million euro environmental protection technology order from Kuwait. The technology is used to protect the marine life and beaches of the Arabian Gulf. The order has been added to Lamor’s order book in the first quarter of 2025 and will be delivered in the second half of 2025.

Biotechnology company Biohit told about new research results. A study carried out by a British university hospital confirms the diagnostic accuracy of the GastroPanel test, the company said in the morning.

According to the company, the results confirm the test’s reliability in gastric cancer risk screening. The test, which is taken from a blood sample, screens patients with a high risk of stomach cancer who need further examinations from those with a healthy stomach with a rate of over 90 percent.

Engineering works Wärtsilä said it had received an order for six 46TS-SG gas-powered large engines from Kazakhstan Kazakhstan Caspian Offshore Industriesielta. The order also includes mechanical and electrical auxiliary equipment. The value of the order was not disclosed. It was recorded in the order book for the last quarter of 2024.

Special investment fund eQ Social real estate has agreed Ilmarinen Mutual Pension Insurance Company with about trading and investment Special investment fund eQ Yhtiškuntakinteistöin. EQ’s fund bought four properties from Ilmarinen, located in Helsinki, Espoo and Vantaa.

Dovre Group announced that its subsidiary Suvic has signed a conditional contract for the construction of a 100 megawatt peak solar park in Finland. The value of the contract is approximately EUR 55 million.

Nordea raised by the network equipment company Nokian to the buy level of the recommendation. At the same time, the company’s target price was raised to 5.20 euros from the previous 3.90 euros. Also Barclays raised its target price on Nokia to EUR 3.70 from the previous EUR 3.50, but reiterated its reduce recommendation. On Tuesday, Nokia’s share price rose by 4.7 percent.