The Helsinki Stock Exchange’s main index was up 1.3 percent after half past three in the afternoon. While indices broadly rose in Europe, Wall Street index futures were in the red, foreshadowing a bearish opening.
Among the ten most traded stocks on the Helsinki Stock Exchange, there were only Sampo (-0,2 %). Nordic After (+1.3%), the second most traded stock of the afternoon was the general fuel manufacturer In thiswhich was up 4.8 percent at the time of the review.
The energy companies included in Europe’s broad Stoxx Europe 600 index were all on the rise on Friday, Neste the strongest of them.
During the last month, a good 18 percent of Neste’s share price has evaporated. From the beginning of December, the vast majority of other European energy companies are also in the red, although not to the same extent.
Brent, the international reference price for crude oil, was on a gentle rise on Friday at just under 74 dollars per barrel.
The price of oil, which developed moderately in recent months, has received a slight boost towards the end of the year, as the market has once again entertained hopes for the recovery of the Chinese economy through new stimulus measures.
A positive signal was given by the World Bank, among others, which on Thursday raised its forecasts for China’s economic growth for the current year and next year. This year, the World Bank estimates that China’s gross domestic product will grow by 4.9 percent, next year by 4.5 percent.
The consensus of forecasts collected by Bloomberg expects the Chinese economy to grow by 4.8 percent this year and 4.5 percent next year. In 2026, growth is expected to slow down to 4.2 percent.
Optomed’s course is getting tougher
As the turn of the year approaches, there has been little news on the Helsinki Stock Exchange.
The only fresh information from the afternoon was related to a car dealership specializing in used cars Kamuxin for the optimization of the store network: the company closes several stores in Finland and Sweden, and opens a new one in Herttoniemi, Helsinki.
At the time of the review, Kamux’s price was up 2.6 percent.
A mining company Afarak Group continued to rise on Friday after announcing its dividend policy on Monday. After a strong opening, the course had softened slightly to a 5.2 percent increase.
Among other things, Afarak is also known for designing fundus cameras Optomedwhich was up 8.6 percent at the time of the review.
The consulting company that issued a negative earnings warning on Monday Dovre Group was at the top of the decliners in the main list with an 8.9 percent decline.
Source: www.arvopaperi.fi
