STOCK EXCHANGE: Nokia rose almost four percent on the Helsinki Stock Exchange

On Monday, the general index describing the price development of shares in the Helsinki Stock Exchange ended at 12,972 points, i.e. 1.1 percent higher than Friday’s closing reading.

The US and Israeli attack on Iran has raised the price of North Sea Brent oil from less than 70 dollars to more than 100 dollars per barrel. On Monday, investors began to hope that the situation would ease.

The key factor is the Strait of Hormuz located on the side of Iran, through which a significant part of the daily oil traffic passes. It has not been safe to pass through the strait.

President of the United States Donald Trump has pressured European countries to secure traffic in the strait. Some countries like Britain have not ruled out the possibility, but some like Germany are not enthusiastic about the idea.

The price of Brent oil traded almost below one hundred dollars on Monday, but eventually ended up at $102.82, or a 0.2 percent decrease compared to Friday’s closing price.

An oil company on the Helsinki Stock Exchange In this was up almost three percent in the morning while the price of oil was still rising, but the share ended with a decrease of 0.2 percent to 27.14 euros. The rise in the price of oil and the decrease in supply support the company as Neste’s products refined from oil, such as diesel, rise in price.

Nokia rose rapidly

Neste was the second most traded stock of the day. The most changed was the network manufacturer Nokiawhose shares rose 3.9 percent to 7.49 euros.

Nokia announced today that it will publish new solutions to make network traffic more efficient, which the company will talk about at a conference in Los Angeles this week. The trading volumes of call options on Nokia shares were higher than those of put options.

Information security company SSH Communications Security makes a voluntary buyback offer for its 12 million euro and 7.50 percent interest hybrid loan.

The company’s share ended with a 3.7 percent increase to 2.23 euros.

A health technology company Nexstim announced that it had received an order for the NBS 6 diagnostic system from a Swedish distributor whose name the company does not disclose. The system is delivered to the university hospital.

The equipment is used to treat severe depression and to map certain areas of the brain before surgery. Nexstim’s announcement does not state the value of the order.

The share was up 1.4 percent during the day, but ended with a 0.5 percent decrease to 8.80 euros.

Forestry company UPM-Kymmene CFO and director responsible for the energy business area Tapio Korpeinen plans to retire this year. UPM announced that it will appoint Risto Penttinen to a new position as transformation leader and member of the management team.

A serial combiner that buys and develops industrial and engineering companies Auroora Companies announced its intention to list on the stock exchange.