On Tuesday afternoon, the OMXH general index of the Helsinki Stock Exchange was up 0.11 percent at 9939.71 points.
The top spot for the most exchanged was held at two o’clock Nordeawhose share was down 0.4 percent. In second place Nokia was in a gentle decline of 0.4 percent. The top three were completed by the 0.9 percent increase UPM-Kymmene.
The biggest increase of 3.6 percent was in the afternoon Kojamo.
In the steepest, 2.6 percent decline, there was The Bank of Åland.
Listed on the stock exchange in the morning Solar Foods fell during the morning from its listing price of 16.00 euros to just over 12 euros. In the afternoon, the rate had stabilized around 12 euros, being 11.80 euros at two o’clock in the afternoon.
Witted Megacorp announced on Tuesday that its turnover had clearly increased in August compared to July. The company recorded a turnover of 4.6 million euros during August. In July, the figures were 2.2 million euros. The company’s share was up 3.0 percent at 1.70 euros in the afternoon.
Tokmanni announced on Tuesday that it plans to expand the Dollarstore discount store chain it owns. Dollarstore operates in Sweden, where the chain has 131 stores. In the new plan, the store network will be expanded with 12 new stores, and three stores will move to new premises. Tokmanni’s share was down 0.9 percent in the afternoon.
Musti Group a block trade of 1.3 million euros was made in the afternoon. The company’s share price was up 1.2 percent on Tuesday. The company’s situation is interesting, because the pension company Varma approaching a ten percent share in the company. Now the employee pension company’s share of Musti’s shares has risen to 9.55 percent from the previous 9.32 percent.
Portuguese Sonaen led by Flybird Holding– consortium tried to buy Musti off the stock market with a public takeover offer, but only got a brisk 80 percent share of the company. The right to redeem all shares arises in 90 percent.
If Varma gets hold of more than a ten percent slice of Musti, the exit from the stock market will probably not happen. As a minority shareholder, Varma can also demand that Musti distributes up to half of the financial year’s profit as a minority dividend.
IT company The gofor (+1.6%) turnover decreased in August from the previous year. In August, the company made 15.8 million euros in turnover, compared to 16.9 million in the same period a year earlier. In July-August, the company’s turnover was a total of 21.7 million euros, while in the comparison period the turnover was 22.8 million.
Carrier Finnair (-0.8%) says that he has made several changes in his management team. Finnair’s current commercial manager Ole Orvér leaves his position in the company’s management team. The company’s new director responsible for products and customers has been appointed Simon Largen. In turn, a new manager responsible for revenues has been selected Christine Rovellin.
OP raised on Tuesday morning Mandatum (+0.6%) to the increase level of the recommendation from the decrease level, the target price rose to 4.60 euros from 4.40 euros.
Source: www.arvopaperi.fi
