• Tue. May 7th, 2024

Helsinki Stock Exchange Sees 1.1% Increase in General Index, Companies with Strong Q1 Results Perform Well

BySamantha Jones

Apr 26, 2024
Bullish Trend: Wärtsilä, Purmo, and Kemira Drive Helsinki Stock Exchange’s Strong Performance

On Friday, several companies listed on the Helsinki Stock Exchange saw an increase in their stock prices. The general index of the exchange closed with a 1.1 percent increase, reaching 9,835 points. This was followed by a rise in the main indices of the New York stock exchanges, with the S&P 500 up 1.1 percent, Nasdaq up two percent, and Dow Jones up 0.4 percent.

Among the most traded shares on Friday were Nokia and Nordea. Nokia closed down 1.5 percent, while Nordea’s share rose by 0.3 percent. Neste experienced a significant drop in its share price on Thursday after its January-March results fell short of expectations. However, Wärtsilä reported an operating profit that exceeded analysts’ expectations, resulting in an 11.4 percent increase in its share price.

Other companies also reported their first-quarter results, with Kemira seeing a slight decrease in turnover and EBITDA but reporting strong profitability, leading to a 12.2 percent increase in its share price. Appetite reported lower turnover but a significant increase in EBITDA, resulting in a 3.3 percent increase in its share price. Kreate saw a decrease in turnover but an increase in EBITDA, leading to a slight decrease in its share price

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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