STOCK EXCHANGE: Helsinki Stock Exchange opened up, SSAB down

The Helsinki Stock Exchange opened up after Easter.

After a while of trading, the stock exchange’s general index was up 0.4 percent at 9785.26 points.

The most traded stock was the bank Nordea, whose share was up 0.4 percent at 10.51 euros. Among the twelve most traded stocks, the majority were on the rise.

At the top of the rise was a mining company Sotkamo Silver, whose share rose by 5.4 percent to EUR 0.09. The IT company was also on the rise Tecnotree with 2.3 percent and a food company Atria with 2.1 percent.

In the downward direction was a steel company SSAB, whose B share was down 5.1 percent at 6.52 euros. The company announced today, Tuesday, that it has decided to build a fossil-free steel production plant in Lulea. The total investment is estimated to be around 4.5 billion euros. So at this stage, SSAB is making a large investment in Lulea, Sweden, not in Raahe, Finland. According to the company, Raahe’s change is the “third step”.

The bill also included, among other things, a discount company Tokmanni with 1.7 percent and a multi-sector group Asp by 1.3 percent.

Metso and the mining industry company JSC Almalyk Mining and Metallurgical (Almalyk MMC) have signed a framework agreement for significant process technology deliveries to Almalyk MMC’s new copper smelter.

Since 2011, the companies have been cooperating to develop the processes needed for the production and processing of minerals in Uzbekistan.

Metso’s share was up 0.8 percent at EUR 11.00 after trading for a while.

Fuel company Liquid the major shutdown of the refinery starts today. After the shutdowns on April 1, the actual shutdown works will begin in mid-April and are expected to last until mid-May. The estimated duration of the shutdown is nine weeks.

During the shutdown, statutory inspections, maintenance and basic equipment improvements are carried out, which cannot be done while the refinery is running.

At the time of the review, Neste’s share was up 0.2 percent at 25.16 euros.

Triton Fund V -managing the companies that make up the fund and indirectly Crayfish Bidcon exercising control Triton Investment Advisers has implemented those belonging to its investments Assemblin Groupin and Caverion’s merging. The name of the new group is Assemblin Caverion Group.

Crayfish Bidco owns approximately 94.39 percent of Caverion’s outstanding shares and votes.

By Editor

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