• Wed. May 22nd, 2024

Helsinki Stock Exchange Reports Dividend Decline Amidst Mixed Performance by Listed Companies

BySamantha Jones

Mar 28, 2024
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.

Woodjoy, a trading company, saw a significant rise in stock value on Thursday, increasing by 8.0 percent. The company announced positive results and forecasted strong growth and improved profitability. Jefferies lowered Sammo’s target price to EUR 38.00 from EUR 38.50, maintaining a hold recommendation while raising Puuilo’s target price with recommendations varying from increase to buy level.

Tecnotree, a telecom operator, 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 continuing its strategic investment in the grocery store network while Outokumpu reported a negative impact on adjusted EBITDA due to political strikes

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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