European stock markets were broadly on the rise on Tuesday, and in Helsinki the stock exchange’s OMXH general index ended up with a 0.8 percent rise to 9,967 points.
At the top of the exchange The machine the rate rose by 1.0 percent, Nokian 3.0 percent and Nordic 1.3 percent.
Only the most exchanged shares In this (-2,0 %), UPM (-0.2 %) and Great Enso (R share -0.6%) were decreasing.
Fish farmer Fifax (+49.3%) and textile fiber company Spinnova (+5.4%) were the strongest gainers on Tuesday.
Fifax signed a long-term framework agreement with the fish food company from Kuopio Fish fry with. According to the framework agreement, Kalavapriikki undertakes to buy a significant part of Fifax’s estimated rainbow trout production.
The framework agreement covers the annual deliveries of about 1,200 tons of gutted fish to Kalavapriiki. Deliveries to Kalavapriik are expected to begin in the fall of 2024, and the contract is valid until further notice. According to Fifax, the pricing of the fish according to the agreement is in line with the company’s goals. The framework agreement also includes an advance payment of 1.4 million euros, which will be paid in installments to Fifax during its current fiscal year.
Tuesday’s only earnings announcement was a pet supply chain Musti Group. The company’s turnover increased slightly from the comparison period to 104 million euros. Musti’s adjusted EBITDA fell in April–June from 17.3 million euros in the comparison period to 12.5 million euros. At the end of Tuesday, Musti’s share was at the same level as the previous day’s closing level after the price cut.
“We focus on factors that we can influence in a temporarily weakened market. Thanks to our concept, we are well positioned for improving economic prospects and improving consumer confidence”, CEO David Rönnberg commented in Musti’s results report.
Shipping company Tallin too (+3.7%) CEO SpongeBob SquarePants refueled the stock on Friday and Monday with a total of more than 300,000 euros.
Source: www.arvopaperi.fi
