Helsinki Stock Exchange Kicks Off Last Trading Day of June 2024: Nokia Leads the Way with Optical Network Solution Acquisition and Goldman Sachs Lowers Fortum’s Recommendation to Sell

On the last trading day of June 2024, the Helsinki Stock Exchange opened up 0.3 percent. The general index was at 10,008.82 points a few minutes after opening. The most exchanged companies progressed mainly in an upward direction as the stock market day opened. The most traded company around ten o’clock in the morning was Verkkoupäääää Nokia whose share was up by about 3.2 percent. Nokia announced that it is buying a Californian manufacturer of optical network solutions, Infineran, for about 2.3 billion US dollars. Nightingale Health and Boston Heart Diagnostics agreed on a strategic collaboration to sell Nightingale’s Health Check service in the US, with Teemu Suna CEO and founder of Nightingale Health commenting on the move. Developer of biodegradable orthopedic implants Bioretec has had its Remeos trauma screw European CE mark application for marketing authorization returned from the evaluation of the expert panel, delaying the expected timeline for obtaining the CE mark. Pallas Air carried out a merger of shares on Thursday as previously announced, reducing the number of shares and granting a free directed share issue, redemption of shares, and cancellation of shares. Fortum’s members of management team and personnel will leave at the end of 2024, with recruitment beginning immediately. Goldman Sachs lowered Fortum’s recommendation to sell from neutral to sell, while Inderes downgraded Qt Group’s recommendation to reduce from buy to reduce, with both companies’ target prices remaining unchanged at their previous levels. US Index futures heralded a rising opening on the western side of the Atlantic as markets opened on Friday afternoon in Helsinki.