The Helsinki Stock Exchange’s OMXH general index ended Monday down 0.3 percent at 9,865.48 points.
In the most traded shares of the exchange, no consensus was reached on the direction. It was at the top of the list Nordea up 0.3 percent, second Nokia 1.1 percent down and third UPM down 0.7 percent
Nokia said that it had signed an extension agreement with Taiwan Mobile. Nokia is modernizing Taiwan Mobile’s 5G network and updating its current 4G infrastructure with devices from the AirScale product portfolio. Airscale products are now being shipped to Taiwan for the first time. The value of the contract was not disclosed in the release.
Manufacturer of communication equipment Bittium said that Puolustusvoimat has been authorized to begin serial procurement of tactical Bittium Tough SDR radios from Bittium’s subsidiary Bittium Wireless Oy.
The total value of the procurement under preparation would be approximately EUR 25.6 million and it would be the third additional procurement related to the additional procurement reserve of the procurement contract concluded in 2018.
Bittium’s share was up 9.3 percent.
Two results publishers
The day’s results were announced by an industrial maintenance company Viafin Service and a media company Ilkka.
Viafin’s net sales and operating profit grew clearly stronger than the expectations of Inderes, the analysis house that follows the company. The company repeated its guidance on growing turnover and improving operating profit margin.
CEO of Viafin Heikki Pesu however, commented on the market prospects in the report. The inactivity of the forest industry contributes to the demand for the maintenance business. The caution of industrial companies with investment projects, on the other hand, casts shadows over the project business. The CEO estimates that market uncertainty and geopolitical risks will remain and create significant uncertainty in the market outlook well into next year. According to Pesu, the company continues its active profitability program towards a falling market.
Viafin’s share was up 5.0 percent.
Ilka’s profit figures improved from the comparison period in the third quarter. However, turnover decreased.
“The operating environment and the general economic situation continued to be uncertain and stagnant in the third quarter as well. Companies’ investments in marketing have continued to be cautious and decisions about investments have been postponed,” commented Ilka’s CEO. Olli Pirhonen in the bulletin.
Ilka’s share price was up 1.6 percent on a thin exchange.
IT service company Digital said on Monday that he had won Traficomin competition. The contract is valid until further notice. Digia does not say the value of the contract. The tendered procurement includes the design and delivery project of interfaces and integrations, technical solutions, an integration team and ongoing services. Digia has previously served Traficom in system development, among other things.
Digia’s stock ended the day at the closing readings of the previous week.
Source: www.arvopaperi.fi
