Helsinki Stock Exchange Closes Higher, Biotechnology Sector Experiences Ups and Downs

On Wednesday, European stock markets ended on a positive note, with the Helsinki Stock Exchange closing at 10,050.18 points, marking a 0.5 percent increase. The most traded stock of the day was Kone, which rose by 1.8 percent, while Solteq was the biggest gainer with a 9.1 percent increase.

In the biotechnology sector, Nightingale Health experienced a block trade worth over one million euros, causing a 1.5 percent decrease in its share price. Motor sports equipment wholesaler Duel announced its business overview for the third quarter, with turnover close to expectations but a more modest operating result.

Shipping company Tallink reported a decrease in passenger figures for June, particularly on routes between Finland and Sweden. Emma Knight City was appointed CEO of Fondian’s Swedish subsidiary, resulting in a 0.8 percent increase in Fondia’s share price. Software supplier Innofactor faced a legal dispute with Lumagate, impacting its share price by 0.8 percent.

Real estate investment company Ovaro sold the Forum shopping center in Jyväskylä, resulting in a positive impact on earnings. Several financial institutions adjusted their target prices for various companies, affecting stock prices