On Thursday, the Helsinki stock exchange experienced fluctuations, with several companies releasing dividends. The general index closed down by 0.5 percent to 9,747 points, with the most traded stocks showing varying results. Notably, Nordea saw a rise of 0.2 percent, while Sampo fell by 1.9 percent after the dividend was removed, causing a 2.4 percent drop.
Jefferies lowered Sammo’s target price to EUR 38.00 from EUR 38.50, maintaining a hold recommendation. Besides Sampo, dividends were also removed from other companies like Neste, CapMan, Detection Technology, Innofactor, and Konecranes. Neste announced a gradual shutdown beginning on April 1 for nine weeks for maintenance and improvements.
Woodjoy reported positive results and experienced a significant rise in stock value on Thursday, increasing by 8 percent due to its announcement of strong growth and improved profitability forecasts for the future. Puuilo’s target price was raised by several companies with recommendations varying from increase to buy level based on these developments in the market.
Tecnotree announced a global cost efficiency program expected to deliver annual savings of 5-7 percent by 2025 through its telecom operations. Rush Factory published its results showing a decrease in EBITDA loss compared to the previous year.
Kesko acquired two properties as part of its strategic investment in the grocery store network.
Outokumpu reported negative impact on adjusted EBITDA due to political strikes in its operations.
Pallas Air experienced significant increase in stock value while Middle Soul reported staff reductions following change negotiations.
These developments marked the fluctuating dynamics in the Helsinki stock exchange on Thursday as investors continued to make trades amidst these changes and announcements made by various companies operating within it.
