• Wed. Apr 17th, 2024

Mixed Performance in the Stock Exchange: Sotkamo Silver and Glaston Report Strong Gains While SSAB’s Share Falls

BySamantha Jones

Apr 4, 2024
Helsinki Stock Exchange Opens Near Zero, SSAB Continues Decline

The stock exchange’s general index was up 0.1 percent at 9738.37 points after a while of trading. Among the twelve most traded stocks, half were rising and half were falling.

A mining company, Sotkamo Silver, saw its share increase by 2.3 percent to 0.10 euros in the morning. Similarly, a technology supplier for the glass processing industry, Glaston, also experienced a rise with its share going up by 3.5 percent to 0.88 euros. Inderes raised Glaston’s target price to EUR 1.00 from the previous EUR 0.95 and reiterated its buy recommendation.

At the top of the list was a steel company, SSAB, whose more traded B share fell by 1.7 percent to 6.30 euros in the morning session despite recent major investments in Lulea, Sweden and Raahe in Finland that were expected to boost its financials in both countries as well as other regions where it operates across Europe and North America through subsidiaries or affiliates including Sandvik Mining & Construction and Alfa Laval Marine Equipment Protective Coatings (ALMACO).

IT service company Vincit announced changes in its management team to align business responsibilities with different geographical areas and customer markets after closing its share at 2.75 euros the previous day. Konecranes, a lifting equipment company that has recently expanded into port services by acquiring a German maintenance company Kocks Kranbaun for an undisclosed sum back in April also had its share price down by 0

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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