The Helsinki stock exchange has four consecutive days of growth behind it, and on Wednesday the OMXH general index was already on the rise for the fifth consecutive trading day. OMXH was up 0.6 percent in the afternoon and just over the ten-ton mark at 10,029 points.
Only the most exchanged shares Nokia (-0.4 %) and Sampo (-0.05%) were decreasing. It was at the top of the list Nordea 0.3 percent uphill. An increase of more than one percent was seen, for example, in machine shops at Kalmar and Metso and in industry With liquid, at UPM, Great Ensolla and At Fortum.
The release of the quarterly dividend from the stock was a vaccine Teliawhose rate was down 2.5 percent.
Inderes was raised by a pharmaceutical development company Faronin target price to EUR 2.50 from EUR 2.00 and lowered his recommendation to add level from raise level. The change was justified by the effect of the US drug authority FDA’s positive approach to Faron.
The FDA set the framework for Faron’s next drug trials. The alignment is made possible by an Inderes analyst Antti Siltanen according to Faron, progress in two indications supported by one study, which saves TK costs and, according to the analyst, increases the attractiveness of the partnership agreement sought by Faron. In the afternoon, Faron’s price was up 3.6 percent at 2.02 euros.
Meriaura Group’s managing director Kirsi Suopelto resigned from his position. After September, Suopelto will be transferred to a new employer. The company’s current chairman of the board will take over as Meriaura’s new CEO Jussi Mälki, who will start his new position on October 1. Meriaura’s share price was up 4.8 percent.
A gold mining company Endomines announced that it has reached the production capability to run its production periodically at a production level of 20,000 oz. Endomines’ mid-term operational goal, published in autumn 2022, was to reach an annual production level of 20,000 ounces of gold by the end of 2024. The company’s production in 2024 is expected to grow by 15–35 percent in accordance with the guidelines compared to the comparison period of the previous year. Endomines’ course was at yesterday’s closing level with minimal change.
Engineering works I coached Head of North America Jukka Tiitinen sold 20,000 company shares at a unit price of EUR 26.50. The amount of the transaction carried out yesterday, Tuesday, was 530,000 euros. Tiitinen sold about a third of the Valmet shares he owned.
A fish farmer that rose almost 50 percent yesterday Fifax on Wednesday, the stock was at the top of the stock market’s decline, down six percent. Yesterday, the company announced an agreement in which the fish food company from Kuopio Fish fry undertakes to buy a large part of Fifax’s future salmon production at a price that is in line with Fifax’s goals.
The eyes of the market are globally today in the United States, where the head of the central bank, the Federal Reserve Jerome Powell will present the recent interest rate decision of the Fed’s Open Market Committee in the evening Finnish time. No change to the policy rate is expected, but Powell’s comments are expected to pave the way for the expected rate cut at the September meeting.
Wall Street’s Index futures were clearly on the rise, anticipating a green stock market opening in the United States.
Source: www.arvopaperi.fi
