Stock indices were on the rise in Europe during the day and futures contracts predicted a bullish opening in New York. On Wednesday, the general index of the Helsinki Stock Exchange was up 0.5 percent at 9,556.7 points.
The stock exchange’s most traded stock was Nokia with a turnover of 37.2 million euros, while the second most traded at Nordea there was an exchange for 11.0 million euros.
Nokia’s share was at 4.07 euros, i.e. 2.4 percent higher than yesterday’s closing reading. Yesterday, the company’s shares fell 5.7 percent from Monday’s closing reading.
The rumor is heavy, the order cheers up
Analysis company EJL Wireless Researchin analyst Earl Lum speculated yesterday that Nokia may lose the telecom operator T-Mobile of the customer in the United States.
Lum previously correctly predicted that Nokia would lose its telecom operator AT&T:n client base in the US, which increases his credibility.
Today, Nokia announced that it has received from India Bharti Airtelilta a 5g extension order worth billions of euros. Within the framework of the order, cooperation will continue in 4g and 5g networks as the companies prepare for the further development of 5g.
Airtel has been a Nokia customer for over two decades. Bharti Airtel is one of the world’s largest telecom operators.
The insider bought Nanoform
Among the biggest gainers was a health technology company Nanoformwhose share jumped 14.2 percent to 1.35 euros. On Friday, the price of the share was EUR 1.13.
On Monday, Nanoform published its interim report, in which it reported that its turnover had risen to six quarters for the first time and that it had signed a record number of new projects.
Member of the company’s board Albert Haeggström bought 18,812 shares of the company yesterday at an average price of 1.168 euros per share, or about 21,972 euros.
Director of Development Peter Hänninen refueled 30,000 shares at an average price of EUR 1.146, i.e. EUR 34,380.
Food technology company Solar Foods was up 4.0 percent at 5.20 euros. The company said it has taken the necessary steps to begin selling its Solein protein in the United States.
“Induces change pressure in our forecasts”
Textile manufacturer Spinnovan the share price was down 9.7 percent at EUR 1.00, but the share was previously trading at less than EUR. It has not previously fallen below the euro limit.
Spinnova said yesterday that the company and the Brazilian pulp giant Suzanon the start of the pre-planning phase of the production plant is delayed.
The companies previously expected that the pre-planning phase would start between July and December of this year. Suzano is the largest owner of Spinnova.
Analysis house Inderes analyst Petri Gostowski wrote in his comment that the project is particularly important for Spinnova, so the news is “somewhat negative and it also causes pressure to change our forecasts”.
Inderes plans to update its view on Spinnova in the near future.
Source: www.arvopaperi.fi
