Helsinki Stock Exchange Takes a Hit as Dividends and Political Factors Influence Prices

Helsinki Stock Exchange Ends Month with Closing Decline

On Thursday, the Helsinki stock exchange experienced a decline in its general index, closing down 0.5 percent at 9,747 points. Several factors contributed to this decline, including dividends released from several companies that impacted stock prices. Nordea saw a 0.2 percent increase, while Sampo fell by 1.9 percent. Jefferies lowered Sampo’s target price, while Neste, CapMan, Detection Technology, Innofactor, and Konecranes also removed their dividends.

Meanwhile, Woodjoy saw a significant rise in its stock price on Thursday. Similarly, Puuilo’s target price was raised by Inderes, OP, and Danske Bank due to strong growth expectations. Tecnotree announced a global cost efficiency program expected to produce annual savings by 2025. Rush Factory reported its financial results and Outokumpu stated that political strikes affected its earnings negatively.

Pallas Air and Middle Soul also made announcements regarding changes in board members and layoffs respectively. Despite these challenges the Helsinki Stock Exchange remains resilient and continues to be an important part of the Finnish economy.

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