The Helsinki Stock Exchange opened up on Tuesday morning, but the trend quickly turned to the decline. The development has been similar elsewhere in Europe.
In the market analyzes of news agencies, the war in Ukraine is named as the reason. President of Russia Vladimir Putin announced today the nuclear weapon doctrine, according to which Russia can use nuclear weapons more loosely in war than before.
The answer is likely to be the President of the United States For Joe Bidenwhich authorized Ukraine to use American long-range missiles in the war against Russia.
News agency Bloomberg reports that Ukraine used missiles for the first time today. The news was also reflected in the increase in demand for safe-haven assets such as government bonds, yen and gold.
During the day, the general index describing the price development of shares on the Helsinki Stock Exchange was down 1.0 percent at 9,545.4 points. All fifteen of the most traded stocks on the exchange were down.
Nanoform and Inderes go in a different direction
A health technology company Nanoform leaped in a 5.4 percent increase at 1.17 euros. The growth company reported its interim report yesterday, which revealed that Nanoform’s net sales increased for the first time in six quarters.
Yesterday, the stock rose after the earnings announcement, but ended up with a 1.9 percent decline.
On the other hand, a textile company was hit hard Spinnovawhich told the Brazilian pulp giant Suzanoon with the delay in starting the pre-planning phase of their design production facility.
The share was down 4.8 percent at 1.16 euros.
Discount store chain Tokmanni the share was down 4.5 percent at 11.15 euros. A dividend of EUR 0.38 will be released from the share today.
Source: www.arvopaperi.fi
