The general index describing the price development of shares on the Helsinki Stock Exchange was on Monday morning at 9995.6 points, i.e. 0.2 percent higher than Friday’s closing reading
They pulled the index up, for example Sampo, Nokia and Nordea.
Among the most traded shares was also the energy company Fortum, which announced that it was selling its business in India to an Indian AM Green Technology & Solutionsille.
Fortum sells its 37.4 percent holding from Chempolis and its 40.3 percent share of the Indian From Assam Bio Ethanol Pvt.
The company’s share was up 0.9 percent at 14.28 euros, which made it the morning’s biggest gainer among the most traded shares.
Burgermen to the stock market
Organizer of color ball events Rush Factory announced on Friday after the stock market closed that he plans to reunite with the chef known from television Akseli Herlevin of the Street Food Group with.
On Monday, Rush Factory’s share was up 30.0 percent at EUR 0.39, but there were only 1,250 shares traded at EUR 488.
The merger is not yet certain, as it includes various conditions. For example, Rush Factory, which has struggled with financial difficulties, must sell its property in Masku for at least 750,000 euros.
Analysis house Inderes analyst Thomas Westerholmin according to the merger would improve Rush Factory’s operating conditions to realize a sustainable profit turnaround.
“In our eyes, the terms are attractive for Rush Factory, but a possible merger with SFG, which has turnaround status, does not change our view of the share’s too weak return/risk ratio at the current valuation level,” Westerholm writes in his review.
Lindex got a boost from the recommendation
Providing blood analysis services Nightingale Health fell 13.5 percent to 3.33 euros on Friday after announcing its January-June review. Today, the share was up 1.5 percent at 3.38 euros.
Inderes today raised the company’s target price to EUR 2.90 from EUR 1.60 and repeated the reduce recommendation. Analysistalo justifies the recommendation by the fact that the increased value has already been priced into the stock.
The company’s stock has risen drastically this year, when the company has announced cooperation with well-known operators. Even at the beginning of the year, the exchange rate was around a good euro.
Inderes jumped what was previously known as Stockmann Lindex recommendation to buy level from add level and kept the target price at 3.50 euros. Lindex shares were up 4.4 percent at 2.86 euros today.
Analysistalo expects that the company’s restructuring dispute and the strategic investigation of the department stores will progress in the coming months, which it believes will support the release of value from the stock.
Dividends are released
Chemical company Kemira announced today that it has completed an investment project worth millions of euros at its Nanjing production facility, which is located in the Jiangsu province of China.
The investment covers a third production line, new storage facilities and additional tank capacity, which, according to the company, improves customer deliveries and product availability. The new production line will be commissioned in October.
Kemira’s share was up 0.1 percent at 22.18 euros.
Tecnotree’s board decided to distribute a dividend of EUR 0.01 this year. The dividend is released today. If you want dividends, you must buy the shares on the trading day before the exit date.
The company’s share rose 2.2 percent to 3.40 euros at the opening of trading.
This week, dividends will be released from other companies as well. Tomorrow eQ:n shift, on Wednesday Creatine and on Thursday by F-Secure mixed United Bankersin.
On Thursday, we will also hear about newly listed companies Solar Foodsin on business development when the company publishes its first half-yearly report.
Solar Foods’ share was up 2.2 percent at 8.99 euros.
Source: www.arvopaperi.fi
