STOCK EXCHANGE: Bittium shares on the rise after the license agreement

The OMXH general index of the Helsinki Stock Exchange rose by 0.7 percent to 12,255.26 points on Monday. On the main list, the price of 99 shares was increasing and the price of 40 shares was decreasing. As the turn of the year approaches, investors clean out their portfolios and price fluctuations can be big. The price of 14 stocks on the main list rose by more than three percent.

The Helsinki Stock Exchange has had an exceptionally strong year. So far, since the beginning of the year, the OMX Helsinki price index has increased by around 29 percent. The yield index, which includes dividends, has risen by more than 34 percent.

He told the news of the day Bittiumwhich has agreed to license the Bittium Tough SDR software radio technology to the Spanish Indra Groupille and received an order from Indra corresponding to the contract worth 50 million euros. In the future, the agreement is supposed to generate another 70 million euros in income over ten years. Due to the agreement, the company clearly raised its financial guidelines for 2025. Bittium had previously announced the letter of intent between the companies.

Bittium’s share price ended with a 5.1 percent increase to EUR 28.00.

Among the day’s gainers were forest companies without news. UPM,’s share price rose by 2.5 percent to 24.67 euros. Stora EnsoThe price of the R share rose by 2.7 percent to 10.595 euros. Forest Boardin B share price rose by 3.85 percent to 3.072 euros.

Sotkamo Silverin the share price rose by 12.15 percent to 0.1662 euros. Silver hit an all-time high of $84 an ounce on Boxing Day. This year, the price of silver has more than doubled. On Monday, the price of silver fluctuated downwards.

Kemira said that he canceled the five million shares he received in the share buyback program. The shares corresponded to 3.2 percent of the total number of shares. Kemira’s share price rose by 1.0 percent to 19.51 euros.

Inderes raised Enersensen to the buy level of the stock recommendation from the previous add level. The target price of EUR 5.20 for the share is unchanged. The share price rose by 4.4 percent to 4.02 euros.

Investors will get another look at the Fed’s views this week when the minutes of the US central bank’s December meeting are released on Wednesday. After the turn of the year, investors are eagerly waiting for the statistics on the US economy to be published.

The Helsinki Stock Exchange is closed on New Year’s Eve and New Year’s Day, i.e. Wednesday and Thursday. Tuesday is therefore the last trading day of the past year. This is also the situation in other Nordic countries and Germany. The US stock exchange is open as usual on the eve. In Britain and France, the eve is half a market day.