The rise of the defense industry also hit Helsinki

European On Monday, the rise of the defense industry on Monday also hit the Helsinki Stock Exchange.

The market was calculated by the European defense industry to benefit from the fact that Europe must clearly invest more in its own weapon purchases US President Donald Trump In many ways, the country intends to significantly reduce its military support for Ukraine and Europe.

These geopolitical tensions clearly controlled the stock market market on Sunday after the summit of Western leaders in Britain.

Steel company SSAB was up to more than six percent, and Nokia, a network manufacturer Nokia and Outokumpu, a steel company, is over four percent.

Other big ascendants were Bittium, which sells communication technology to the defense sector, whose course was 8.5 percent higher than Friday’s closing course in the afternoon.

Also, the Componenta stock price for the Defense Forces, which supplies different cast iron components, was more than eight percent in the afternoon.

For example, the Componenta agreed at the end of May 2024 that it would be supplying the EUR 50 million trade over the years in 2025-2028 for the shell-tanning configurations to the Defense Forces grenade launcher.

Defense industry The lift was likely to pull the whole stock market on the plus.

The OMX Helsinki PI index was about 1.5 percent in the afternoon.

Also Elsewhere in Europe, defense companies and metal and foundry companies were on the rise.

The Swedish Saab course had stabilized in the afternoon after 11 % after a lively morning.

Its subsidiary Saab Bofors Dynamics specializes in missile and anti-tank systems.

Risingly rising German Rheinmetallic share It was less than 12 % in the afternoon.

The value of the share has risen from EUR 600 to EUR 1 125 at the beginning of the year.

Rheinmetalli, which makes metal and casting products, has a long tradition of making different artillery weapons.