A turn on the Helsinki Stock Exchange has finally begun

Helsinki The long -awaited turnaround of the stock exchange for the better can finally be over and the downhill downhill has been over.

The hope of this is that the Helsinki Stock Exchange has been on the rise throughout the first year and even covered the US market with its proceeds.

Although the US -planned imported people have been nervous in recent days, experts say it may still be a more sustainable turnaround.

“Yes, now you can talk about a permanent turn. There are grounds for it, even though there are question marks, and there are no clear waters in the waters, ”says OP’s main strateg Lippo Suominen.

According to him, the soles are behind.

According to him, the biggest question mark is now the slope of the rise and how wide the rise will be.

“There is no open certainty about the widespread rise, but there are promising signs in the air after the earnings season.”

According to him, this is a public phenomenon.

However, he warns of imagining that the rise could continue as steep as the early part of the year.

The OMXH General Index, which describes the development of the Helsinki Stock Exchange alone, has risen by as much as 10 percent during January and February. About the same number of European shares has also been widespread the following Stoxx Europe 600 index.

Instead, going to the United States has been more humble. Both the Nasdaq Index for Tekno Shares and the S&P 500 index are minus on Thursday’s closing courses.

Also Inderes main analyst Antti Viljakainen sees the grounds for the turn.

“There are justification for moderate optimism. I may not yet declare a long -term rise because there are great uncertainties in the world economy and politics. However, many signals point to the Helsinki Stock Exchange in a positive direction if financial and political risks do not happen, ”says Viljakainen.

According to him, there is plenty of room for the rise in the price if the companies on the Helsinki Stock Exchange are able to improve their profit condition as expected.

Major The threat to the continuation of the rise is the president Donald Trump Design import duties. According to Suominen, they can interrupt the rise temporarily.

On Wednesday, Trump said he would place a 25 % import duties for cars and other products from Europe, which turned the stock markets on Thursday and Friday.

Since last autumn, the customs has been accompanied by so much sting that the market is still exciting whether the duties of customs are negotiated or Trump is implementing them.

Although European equities have now produced better US shares, Suominen says it is not a permanent change of parts.

In the United States, the shares are already in the long run, and the prices have been pumped with a lot of Trump’s desires for the future flourishing of the economy. Now the market wants evidence of expectations.

Viljakainen also points out that in the United States, stock prices have already been tuned in such a way that a strong rise would require everything to go to the button.

Helsinki Behind the rise of the stock exchange is the turn of the economic spacing. The effect of decreasing interest rates is now really starting to feel.

Industry is gaining ground worldwide, and in Europe, the direction is better or at least less bad than before.

This is reflected directly on the Helsinki Stock Exchange, which has a lot of business-sensitive industrial and export companies.

“There was already a lot of bad news in the prices of the shares. Even worse news would be needed to continue downhill, ”Suominen points out.

More rising speeds have given the desire to get peace in Ukraine. According to Suominen, desires could cause a momentary disappointment in the market, but hardly a permanent decline.

The results and estimates of this year’s prospects are also communicated to the economic turnover in recent weeks.

“On average, it would seem that the worst is over for listed companies, and in the latter half of this year, demand is typically expected to pick up,” Viljakainen estimates.

By that time, interest rates have influenced the economy and the confidence of consumers and businesses improves.

Already, Viljakainen sees cautious signs of recovery in consumers. Although large purchases such as homes and cars are not yet dared to, such as television, air travel and restaurant visits, non-freezing consumption has been slightly refreshed. It was already reflected in the results of a few companies.

Viljakainen points out that after many years of the calculation market, the Helsinki Stock Exchange is quite moderately priced, meaning that the shares are not expensive. In such a situation, he says it may be enough for the company to achieve expectations and the news stream is positive in tone.

In all There are 37 companies on the main list of the stock exchange, whose course has risen at least 15 % during the first half of the year. It is over a quarter of the main list of over 130 companies.

Of these, 23 companies have sparked at least 20 %.

Finnair and Verkkokauppa.com have alternately been the number one spot for the toughest risen in recent days. Both shares have risen by about 60 percent in two months. This way the high climbs are exceptional.

According to Viljakainen, Finnair’s share before the current rise had already had time to tread well. Now investors believe the worst is over. Even the company’s profit turn was stronger than expected, and on the earnings day alone, Finnair’s share would shoot 18 percent.

It may also have been given the boost to the fact that some investors have begun to live hope for the continuation of Russia’s overflows if and when peace talks were successful.

Electronics and home goods, which sells electronics and home goods, has also benefited from many difficult years from consumers’ nascent boosting boost.

Noho Partners, a restaurant company, is also one of the few consumer companies in the list.

Economic The start of the turning point is also the good spending of the steel companies SSAB and Outokumpu.

SSAB is the third toughest rising on the list with a rise of about 50 %. Outokumpu has also been 25 percent.

According to Viljakainen, Outokumpu’s share is an example of a badly traveled stock that seemed to be gloomy in the near future. Although the company’s last quarter result was by no means brilliant, it was enough to meet expectations.

There are also several engineering workshops and technology companies, Metso, Valmet, Raute, Ponsse, Kesla and Kone. Their courses have risen by 15-30 %.

Especially in the big workshops, last year went well. Towards the end of the year, the order books were filled with the model that promises to pick up more this year.

Also The rise of the widely owned Nordea share of Finnish retail investors has been so high that the course moving around € 12.60 is already peaking at the top.

In total, its course has risen by well over 20 percent during the first half of the year. This has an impact on the entire stock market, as Nordea is the largest market in market value.

Nordea’s better result was due to increased returns rather than expense surgery.

The financial company Mandatum has also risen equally. The stock received a strong additional increase when the company reported a plush dividend a couple of weeks ago.

Hardest Kempower, a manufacturer of electric car charging equipment, has also been on the list of rises last year, whose course has risen by 45 percent.

The former rise will also be met by the former and subsequently collapsed on the Stock Exchange Star Shop Software Company QT Group, whose course has risen by 25 percent in the early part of the year.