A Rollercoaster Ride at the Helsinki Stock Exchange: Market News and Updates on Key Companies

As the first day of July marked the beginning of a new semester, the Helsinki Stock Exchange saw a 1.4 percent rise in its general index, closing at 10,076.34 points. The most traded stock of the day was Nordea, with almost 70 million shares exchanged. In addition to this, Nokia announced the production of its first tire in a new factory under construction in Romania, with commercial tire production set to begin in early 2025.

Orion raised its 2024 guidance for turnover and operating profit due to a co-development and commercialization agreement with MSD. Meanwhile, Afarak forecasted a decrease in EBITDA and turnover for the first half of 2024 compared to the previous year, leading to an 8.0 percent drop in their share price. Tietoevry extended the strategic evaluation and sale of their Tech Services business, causing their shares to rise by 1.9 percent.

Kemira signed a contract to purchase Norit’s reactivation business, marking their entry into the activated carbon market. Lemonsoft acquired software developer Applirentin, influencing a 2.4 percent drop in their share price. Herantis Pharma received funding for clinical trials, leading to a 3.0 percent decrease in their shares