STOCK EXCHANGE: The Helsinki stock exchange plunged – One company received a large order and the share price jumped 17%

The Helsinki Stock Exchange ended the midsummer week with a decline. The general index weakened by 1.3 percent to 13,640 points.

Among the most exchanged shares, the network technology company Nokian the course fell by 2.1 percent and the financial group Nordic 0.7 percent.

Forestry company UPM-Kymmene (-2.5%) said in the morning that they will start a production shutdown at the company’s Kaukaa pulp mill at the beginning of August. According to the company, during the shutdown, the factories’ production and wood procurement will be adjusted to ensure profitability in the current market and cost conditions.

A possible shutdown for October is also planned for the company’s Pietarsaari pulp mill.

Big order Opto

A seller of fundus cameras Optomed says that it has received a 1.8 million euro device order from an American screening service provider, which also acts as Optomed’s distributor. The size of the order can be considered large in relation to the company’s turnover of 31 million euros. After the news, Optomed’s share rose sharply, and eventually strengthened by almost 17 percent.

Network company Ericsson (-0.6%) appointed a new head of online business. Appointed as the new manager David Hammarwall will start his position on the first day of October. Hammarwall is currently the head of Ericsson’s T-Mobile customer unit in the American market.

Circular economy company Betolar (+0.0%) said they will appoint a new CEO. Vibeke Krohn start in the position at the beginning of August. Until then, the current CEO will continue to lead the company Tuija Kalpala.

The Helsinki Stock Exchange is closed on Friday because of Midsummer’s Eve. The stock market will next open on Monday, June 22.