On Wednesday, the market closely followed the US elections, in which Donald Trump took a clear victory. In the United States, the results caused the stock markets to rise rapidly, while the European stock markets were gloomy as they fell.
In Helsinki, the OMXH general index of the stock exchange was down 1.1 percent at 9,750.17 points at the end of the day.
The bill was drawn by the fuel company In thiswhose share was down 7.4 percent. The market considers the company’s demand outlook for renewable fuels to be strongly dependent on politics.
Steel companies Outokumpu was 1.2 and SSAB 3.4 percent up. The companies also operate in the United States, so Trump’s possible new steel tariffs may also benefit their local steel production.
BBS-Bioactive Bone Substitutesin’s share fell by 53.7 percent. The company said on Tuesday that the CE marking process for its important product had been interrupted.
Busy arrival morning
On Wednesday, there were again plenty of results.
Insurance company Sambo (+0.0%) reported a slightly better pre-tax result in the third quarter than analysts expected, although If’s pre-tax result grew more slowly than expected.
Brand house Marimekkon (-6.6%) turnover decreased from the strong comparison period due to the decrease in Finnish wholesale sales. Operating result and operating profit margin fell short of analysts’ consensus forecasts.
Actian (-0.5%) net interest income fell, but the company kept its outlook unchanged. Net interest income fell more than expected. According to the company, the background of the bill was the unusual interest terms of certain business accounts and the drop in interest rates. However, the comparable operating profit was better than the forecast and the comparison period.
The meat company that issued a positive earnings warning at the end of September HKFoods (-4.6%) posted an improved result on Wednesday morning. The company increased its profitability with successful commercial measures, production efficiency measures and cost savings.
Property developer Toivo Group (-0.9%) announced a weak result, which, however, was expected after the October profit warning. Managing director Markus Myllymäki hinted at a possible housing shortage in the capital region starting next year due to the collapsed housing production, and stated that now is an excellent time to invest.
A technology company specializing in telecommunication networks Telest (+6.1%) provided a positive profit surprise for the autumn quarter. The background was especially austerity measures, because at the same time the turnover fell sharply.
My Savings Bank the shareholders’ nomination committee ventilates the company’s board by proposing the election of five new members to the company’s board and recommended an extraordinary general meeting to elect the board.
It was proposed to confirm the number of board members at eight. The board was reduced to five on Tuesday, when the vice chairman of the board Jyrki Mäkynen announced his resignation.
The shareholders’ nomination committee proposed that current board members Aki Jaskari, Jaakko Ossa and Jaana Sandström be re-elected as board members, and Juhana Brotherus, Irma Gillberg-Hjelt, Carl Pettersson, Kati Riikonen and Juha Volotinen as new members. The prerequisite for the selections is that the Financial Supervisory Authority has no objections to the selections.
Source: www.arvopaperi.fi
