On the first trading day of the year, the Helsinki Stock Exchange’s main index ended up 1.8 percent to 9,646.49 points.
The biggest gainer of the day was a consulting company Dovre Groupwhich ended up with a 14.0 percent increase with a turnover of around 166,700 euros. The company announced today that it has completed the sale of its Project Personnel and Norwegian Consulting business to the Stockholm-listed Nyabille.
The initial purchase price paid in connection with the completion of the transaction was approximately EUR 35.3 million. From that, Dovre Group received approximately EUR 28.2 million in cash, and approximately EUR 7.1 million was deposited in an escrow account as collateral for the buyer’s interest in order to fulfill Dovre’s potential repayment obligation once the final purchase price is confirmed.
A mining company Endomines announced its gold production statistics from the Pampalon mine on Thursday, and ended up with a 2.9 percent increase with a turnover of 151,200 euros. Pompalo produced 14,304 ounces of gold last year, while in 2023 gold production was 12,790 ounces.
The most traded stock of the day Nordea ended up with a 1.8 percent increase. Second gear UPM rose 2.3 percent, the third most traded Nokia 1.1 percent.
Among the ten most traded stocks, energy companies achieved the strongest rise Fortum (+3.7%) and a fuel manufacturer In this (+2,7 %).
On the first trading day of the year, shares related to the energy sector were broadly rising in other parts of Europe, as well as on Wall Street. At the time of the review, the top spots in the S&P 500 index were, among others, a solar panel company First Solar and one focused on clean energy technologies, energy storage and charging stations for electric cars Enphase Energy.
Manufacturer of charging stations for electric cars on the Helsinki Stock Exchange Kempower ended up 6.2 percent on Thursday with a turnover of 1.4 million euros.
A rough stock market year is behind us
After the poor stock market year 2024, the bullish mood on the first trading day of the year has caused hilarity on social media.
“What a time to be alive. Helsinki Stock Exchange, Neste, Kempower and Kamux are on the rise since the beginning of the year”, the investor Jukka Lepikkö pointed out in X.
During the last year, approximately 62 percent of Neste’s share value evaporated, 67 percent of Kempower and 54 percent of Kamux, which sells used cars.
Kamux ended up being one of the few stocks on the main list that also fell on the first trading day of the year. Its rate fell by 1.5 percent on Thursday.
Investor Karo Hämäläinen joked earlier on Thursday after the stock market opened higher:
“Wild oak rally in Hex. 1/7 of an average year’s income already made in the first ten minutes. After all, it portends such a 150 percent increase in a day – and already more than 500 percent in two days. The calculator is running out of numbers at this rate!”
After the stock market closes, the investor Tomi Lahti you quoted J. from Karelia: “We are all heroes when we look at it with the right eyes.”
Source: www.arvopaperi.fi
