STOCK EXCHANGE: The Helsinki Stock Exchange ended Monday with a decline – The worst fall was suffered by Ovaro Kiinteistösijoitus

The Helsinki Stock Exchange ended in the red on Monday. At the end of trading, the general index was down 0.8 percent at 9819.24 points.

The most traded stock of the day was Nordea, whose share price fell during the day by 1.8 percent to 10.12 euros with 42 million shares exchanged. Also Nokia (29.8 million units, +0.1 percent), Liquid (26.7 million, -0.8 percent), Fortum (21.4 million pieces, -2.6 percent) and UPM-Kymmenea (20.2 million pieces, -0.0 percent) were exchanged a lot.

Most of the most traded shares on the exchange ended up falling during the day.

He was responsible for the strongest rise at the opening of the stock exchange week NYABwhose stock ended the day up 7.0 percent.

Also Remedy Entertainment (+3.9 percent), Ostrobothnia Arvo Investment Cooperative (+3.9 percent), Aiforia Technologies (+3.1 percent) and Kesla (+2.8 percent) rose during the day.

It rained the worst on Monday Avaro Real Estate Investment (-6.9 percent).

That’s how they ended up on the bill Kojamo (-6.4 percent), YIT (-5.5 percent) and Weather (-4.6 percent).

Etteplan issued a profit warning

Ette plan issued an earnings warning on Monday due to a weakened outlook.

The company estimates the turnover to be EUR 355–370 million and the operating profit to be EUR 26.0–28.5 million. Previously, the company estimated the turnover to be 360–380 million euros and the operating profit 28–31 million.

The company’s stock ended 3.0 percent lower on Monday.

LapWall closes Raahe’s unit

Wood element company LapWall has completed the change negotiations for the Raahe unit that it announced in July. The negotiations concerned a total of 23 employees.

As a result of the negotiations, Raahe’s unit will be terminated and the employees will be dismissed. Production will be moved to another location of LapWall.

The company’s stock ended up 1.9 percent lower on Monday.

Ponsse got its Russian subsidiary sold

Ponsse Oyj has worked in Russia and Belarus 000 Ponsse – after the sale of its subsidiary. The business operations were bought by a Russian company 000 Bison. The Russian authorities have approved the deal.

The deal included all the company’s premises with spare parts warehouses and service cars, as well as the company’s staff. Ponssen’s export and service operations in Russia have been suspended since March 2, 2022.

Ponsse classifies the operations that were the subject of the sale as assets for sale and intends to report the operations as discontinued operations.

The effect of the arrangement on the result of the discontinued operations is estimated to be negative, but it has no effect on Ponsse’s profit guidance.

The company’s share ended up reading -1.9 percent on Monday.

Pihlajalinna and Fennia to a cooperation agreement

Providing healthcare services Pilajalinna and the insurer Fennia signed a new cooperation agreement. Through cooperation, Fennia’s Customers will continue to use health services in Pihlajalinna’s office network and remote channels.

According to the release, the collaboration enables Fennia’s medical and accident insurance customers to assess and guide the need for quick and timely treatment with the help of the FenniaHoitaja service.

On Monday, Pihlajalinna’s stock ended down 1.3 percent.

By Editor

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