Helsinki Stock Exchange Ends Month with Decline in Trading

On Thursday, the Helsinki stock exchange experienced a decline, with several companies releasing dividends. The general index closed down by 0.5 percent to 9,747 points, with the most traded stocks showing a decrease. 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, lasting for nine weeks for maintenance and improvements.

Woodjoy saw a significant rise in stock value on Thursday, increasing by 8.0 percent after announcing positive results and forecasting strong growth and improved profitability. Puuilo’s target price was raised by several companies with recommendations varying from increase to buy level due to its recent growth prospects.

Tecnotree announced a global cost efficiency program expected to deliver annual savings of 5–7 percent by 2025 while 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 and Outokumpu reported negative impact on adjusted EBITDA due to political strikes.

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 stock market on Thursday as investors navigated through various company news and market trends.

On Thursday, the Helsinki stock exchange experienced fluctuations in its general index as several companies released their dividends or made announcements about their operations or growth prospects.

Nordea saw an increase of 0.2 percent while Sampo fell by 1.9 percent after removing its dividend which caused it to drop by 2.4 percent.

Jefferies lowered Sammo’s target price to EUR

By Sophia Gonzalez

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