The Helsinki Stock Exchange’s general index fell to 9,637.9 points on Monday, or 0.4 percent from Friday’s closing reading.
Stock indices have fallen in Europe in November, as investors have considered the future president Donald Trump’s the effects of plans such as customs duty increases and the direction of central banks’ monetary policy.
He was one of the hardest hitters on the Helsinki Stock Exchange Citycon With a slide of 5.1 percent to 3.37 euros. This was not related to general market sentiments, but to the real estate investor’s Friday evening news.
The company suspends the distribution of dividends to strengthen its balance sheet. Citycon also talked about the changes taking place in the management level, such as the new CEO Oleg Zaslavskyn of choice.
CEO who started in April this year Henrica Ginstromin the departure was announced in October.
Nanoform’s rise reversed
A health technology company Nanoformin turnover rose to 0.8 million euros in July-September from 0.6 million euros at the same time last year.
Turnover increased to six quarters for the first time. The operating profit of the company investing in growth decreased to 5.2 million from 5.1 million euros.
The company’s share was still on a gentle rise during the day, but in the end the share fell by 1.8 percent to 1.11 euros.
IT service and software company Solteq said that its Danish subsidiary is selling a business based on healthcare software solutions. The net debt-free purchase price is four million euros. Solteq’s market value is approximately EUR 11.8 million.
Last year, the turnover of the business subject to the sale was EUR 1.8 million, while Solteq’s turnover was EUR 57.7 million as a whole.
Sentio’s share rose 8.9 percent to 0.66 euros.
Kamux’s CFO is leaving
Kamuxin CFO and member of the management team Jukka Havia leaves the company to move to another employer, but continues in the position until May. The used car dealer’s share fell by 2.4 percent to 3.25 euros.
IT service company Hedgehog Solutions buys 51 percent Finnish Integrations Groupin of the stock. The company to be bought employs 13 people and last year its turnover was 2.3 million euros and operating profit 0.4 million euros.
Siili Solutions ended with a decrease of 1.6 percent to 6.00 euros.
Source: www.arvopaperi.fi
