Monday was a rising day on the Helsinki Stock Exchange. The general index describing the price development of stocks rose by 0.9 percent to 11,579.30 points. Clearly more than half of the stocks on the stock exchange were rising.
The day’s trading leader was a financial group Nordea (+1.4%) and a network technology company Nokia (+1.3%). Also an energy company In this was among the most traded companies. Like other companies in the industry, the company’s shares were on the decline on Monday and closed 3.7 percent below last Friday’s closing price.
The day’s gainer was an airline company Finnairwhose exchange rate rose by more than six percent. your marriage analyst Joonas Ilvonen estimates that the price increase could be related to the peace negotiations of the Ukraine crisis.
The end of the war could make it possible for Finnair’s planes to once again fly over Russian airspace to destinations in East Asia that are important to the company. On the other hand, Ilvonen states that it is uncertain how quickly Finnair’s planes could return to Russian airspace, even if the war ends.
The steel company was also in a strong mood SSAB (+5,2%).
The company said on Friday that the land and environmental court of appeals confirmed the permit to build and operate a new steel plant in Lulea, Sweden. Originally, SSAB received permission already in December 2024, but the decision was appealed.
At the bottom of the stock market was a construction company SRVwhose exchange rate fell by 4.4 percent.
A new entrant to the stock exchange
Manufacturer of office workspaces Framery said that it was aiming for a market value of EUR 579.5–633.1 million in its initial public offering.
The initial price range of the share issue is 7.30–8.00 euros, and the initial public offering is scheduled to start on Tuesday, November 25.
Forest industry company Stora Enso (+2.1%) announced their new financial goals. The company is aiming for an operating profit percentage of over ten percent and turnover growth of over four percent during the business cycle.
Earlier, the company said it was aiming for an annual revenue growth of more than five percent and an adjusted ROCE figure of more than 13 percent without the company’s Forest division.
Tire company Nokian Tires (-0.6%) said on Monday that they had completed the change negotiations. As a result of the negotiations, 35 permanent positions will end. In addition, tasks are reorganized. The measures will be implemented by the end of 2025. At the beginning of the negotiations, the number of jobs ending in Finland was estimated at 55.