STOCK EXCHANGE: Rapid rise in Helsinki – LapWall share debuts above subscription price

The last trading day of the week was launched on the Helsinki Stock Exchange in an upward trend. After about five minutes of trading, the stock market’s general index rose 1.0 percent to 11,233 points.

The most traded share in the morning rose by 0.5 per cent to EUR 5.01 Nokia.

LapWall listing instant wins

Manufacturing of wooden elements LapWallin the stock market started today. After approximately five minutes of trading, the company’s share price was 11 percent above the subscription price of EUR 2.72 in the public offering at EUR 3.03.

More IPO news is coming in the coming days as a software development company Witted Megacorp said in the morning he plans to list on First North. In addition to providing respiratory solutions Lifa Airin the listing process is currently underway.

Analysis House Inderes said in the morning it would expand to Denmark and Norway by launching a strategic partnership with a Danish investor communications company HC Andersen Capitalin (HCA). At the same time, Inderes will leave the company as a minority shareholder.

Inderes estimates that if HCA is able to continue its rapid growth, the collaboration will generate incrementally growing license revenue for Inderes from the second half of this year. The agreement is not expected to have an impact on Inderes’ 2022 guidelines.

Inderes’ share rose 15.6 percent to EUR 47.10 at the top of the stock exchange.

Along with Inderes, the hardest runners on the stock market this morning were Suominen, Central Finland and Marimekko.

Metso Outotec in turn, announced a new order to Indian state-owned NMDC Limited. An order worth EUR 24 million was booked in the order backlog in the first quarter.

Metso Outotec’s share was quoted a 2.0 percent increase of EUR 7.49.

Tulikivi to follow Inderes

The number of companies without analyst monitoring decreased by one on the Helsinki Stock Exchange today when Inderes took over the fireplace manufacturer Tulikivi monitoring. Inderes started monitoring with a target price of 0.45 euros and a subtraction recommendation.

“After a long hike in the raven, the company’s earnings trend has progressed convincingly in recent years, but due to the headwind brought by exceptional circumstances, it is difficult to assess the company’s actual earnings. At the current level, we believe that the risk / return ratio of the share will be too thin and a significant margin for growth would require stronger earnings growth than we forecast, ”says Inderes analyst. Thomas Westerholm writes in his analyst comment.

Tulikivi’s share was traded at a decrease of 5.8 percent in EUR 0.47.

The share prices of many companies have also fallen again due to the release of dividends. Today the dividends came off Terveystalon, Sanoman, Rovion, Ponssen, Keskon, Harvian and EAB:n shares.

By Editor

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