STOCK EXCHANGE: IQM continues to rise, Nokia’s decline weighs on the stock market

The Helsinki Stock Exchange opened, opened to a decline, weighed down by price declines from large companies. The Helsinki Stock Exchange’s general index OMX Helsinki was down 0.8 percent after twenty minutes of trading. There are slightly more falling stocks on the main list.

The most exchanged Nokian the share price was down 2.6 percent at 10.88 euros. Nokia’s decline weighs heavily on the general index. Nordea’s share price was up 0.2 percent as the second alternative. There was also a decline of more than two percent Liquid share price.

In the morning in Asia, the movement of stock markets was uneven. Market comments referred to industry rotation. Instead of artificial intelligence companies that have driven the market, investors are looking for new risers, for example in value stocks.

The quantum computer company that entered the Helsinki Stock Exchange on Friday IQM,’s share price was up 12.4 percent at 19.10 euros on Monday morning. Shortly after opening, the share traded at 20 euros. In the morning, the share was the sixth most traded on the Helsinki Stock Exchange with a turnover of 0.6 million euros.

The share deposit certificate corresponding to the IQM share was already listed in New York on Thursday in a reverse share trade through the spac company. The price of the share deposit certificate ended at 13.03 dollars, i.e. 11.40 euros, on Thursday. The US market was closed on Friday, and on Friday IQN’s share price ended up at 17 euros in Helsinki.

Tokmanni a new CEO elected a year ago Sampo Top saw started his job today.

“My goal is to continue profitable growth by opening new stores, developing the selection and further strengthening the implementation of identified synergies and customer-oriented operations,” Sampo Päällysaho said in Tokmanni’s press release.

Tokmanni’s share price was up 0.5 percent at 7.10 euros.

In Europe, the stock market has been looking for a direction. The change in the broad Stoxx 600 index has hovered close to zero. Swiss pharmaceutical giant Novartis said this morning that he would buy a British drug developer for more than a billion dollars. Novartis’ share price was up 0.1 percent in the morning.

Among the Stoxx sectors, shares of automotive companies and tourism companies rose by around 1% in the morning. Shares of companies in the telecommunications, technology and construction sectors, as well as shares of community service companies and the basic materials industry, fell by around 0.6 percent.