The Helsinki Stock Exchange closed lower on Monday. The general index OMXH ended with a 1.26 percent decrease to 9893.46 points when the closing bell rang.
It was by far the most traded stock of the day Nordea, which announced its half-year report in the morning. Nordea shares were traded on Monday for a total of 124.38 million euros. Due to the reduced interest margin, Nordea’s share ended up with a 3.82 percent decrease, which weighed on the stock market as a whole due to the large exchange.
Among the most switched companies, the telecom operator Elisa and the insurance company Sampo ended up in the plus. Elisa’s share closed with an increase of 0.64 percent to 43.74 euros and Sampo’s with a 0.1 percent increase to 40.09 euros.
The biggest gainer on the stock exchange was the indoor air solutions company Purmo, for which a competing purchase offer was made in the morning. As a result of the purchase offer, Purmo’s share rose by 13.33 percent to 12.75 euros on Monday.
Chinese-owned in the new offer Haier Europe Appliances Holding offers a consideration of EUR 13.68 for all Purmo C-series shares and F-series shares that can be converted into C shares. The offer value for the F series is 8.28 euros.
Made a previous purchase offer Project Grand Bidco offers 11.15 euros for Purmo’s C-shares and 6.75 euros for F-shares in its updated purchase offer in June. Today’s price increase therefore raised the share’s valuation above the previous purchase offer.
The result warnings were lowered
On Monday, the Helsinki Stock Exchange issued two earnings warnings: a housing company Kojamo and a clothing company Lindex announced that they were lowering their guidelines.
Kojamo estimates that its turnover will increase this year by 2–4 percent compared to the previous year. In addition, the company expects the cash flow before the change in working capital to reach 142–152 million euros this year, excluding one-time expenses.
Earlier, Kojamo had estimated that the group’s turnover would increase this year by 4–7 percent from the previous year and that the cash flow before the change in working capital would be 152–164 million euros, excluding one-time expenses.
Lindex lowered its guidance for turnover. The company expects the 2024 revenue growth from last year to be between -2 and 2 percent, while previously it was predicted that the revenue would grow by 1-3 percent.
The companies’ shares fell considerably on Monday. Kojamo’s share fell by 10.18 percent and Lindex by 7.3 percent.
The stock exchange’s biggest loser was the charging company Kempower, whose last week’s profit warning still affects the course negatively. On Monday, the company’s share fell 14.13 percent to 13.73 euros, while before the profit warning the share price was still over 23 euros.
Source: www.arvopaperi.fi
