STOCK EXCHANGE: The Helsinki Stock Exchange opened to a gentle fall, Mandatum falls after the recommendation change

The Helsinki Stock Exchange opened to a gentle decline on Friday. The general index was quoted about 30 minutes after opening at 12,812, down 0.1 percent.

In the most traded stocks Nokia had decreased by 1.8 percent, while Nordea was 0.2 percent negative. Commandment had fallen by 3.6 percent. Exchange rate reactions and exchanges have been compiled in a table at the end of the story.

On a quiet news morning Kesko published its sales from December. In December, sales grew by 9.3 percent year-on-year. Comparable sales growth was 6.6 percent. Growth was boosted by acquisitions in the construction and building technology trade. In December, grocery store sales grew by 5.0 percent compared to the comparison period.

The company also announced that the shareholders’ nomination committee has given its proposal on the composition of the board. According to the proposal, he would become a new member of the board Mervi Airaksinen. Airaksinen works Microsoft’s As business director for Northern and Eastern Europe and Central Asia and has previously held several management positions in the technology sector.

New investment recommendations and target prices were received in the morning.

OP raises Metson target price to EUR 15.00 (previously EUR 14.00), the recommendation remains at the reduce level.

Inderes raises Springvestin target price to EUR 9.50 (previously EUR 8.00), the recommendation drops to sell level (previously more).

Inderes raise Bioheat to the plus level of the recommendation (time to decrease), the target price remains at 3.70 euros.

Jefferies raises Outokumpu target price to EUR 5.00 from EUR 4.50, lowers the recommendation to hold level from buy level.

Nordea is counting Mandatum recommendation from sell level to hold level, target price EUR 5.80.

Goldman Sachs raises Metson target price to 17.60 euros from 15.10 euros, reiterates the buy recommendation.