The price of Solar Foods crashed, the earnings warning weighed on Teleste

On Monday, the OMXH general index of the Helsinki Stock Exchange ended with a decrease of 0.1 percent to 9,864 points.

Among the most traded stocks In this rose the strongest after the mechanical workshops were in the weakest mood.

Insurance company Sambo told Top Denmark– about the progress of the deal, the directed offering and its intention to expand its own share purchase program. The stock was up 1.2 percent at the end of the day.

A broadband technology company Telest issued a result warning. The company lowered its guidance ranges for both revenue and adjusted operating profit due to low demand in European online business. The turnover guidance range decreased to 120–135 million euros from 140–150 million euros, and the guidance for adjusted operating profit fell to 1–4 million euros from 3–6 million euros. Last year, Teleste’s turnover was 151.3 million euros and the adjusted operating result was 1.2 million euros. Teleste’s share price ended with a 5.8 percent decrease to 2.26 euros.

Ostrobothnia Arvo Investment Cooperative said its portfolio company Champion Choice sold to an Italian BMP Groupille. Arvo will receive a capital gain of approximately 1.6 million euros from its almost 30 percent ownership in Champion Door. Arvo’s price ended with a decrease of 0.2 percent.

Maritime and energy industry company Wärtsilä signed Royal Caribbean Group– a five-year life-cycle contract with the shipping company, which covers 37 of the company’s cruise ships. Wärtsilä did not say the value of the contract. The share ended with a decrease of 0.6 percent.

Network equipment manufacturer Nokia announced today that it had signed an agreement with the American CoreWeaven with. CoreWeave offers cloud-based infrastructure for companies developing artificial intelligence. The company will implement Nokia’s IP routing and optical networks in its data centers in the United States and Europe. Nokia did not say the value of the contract. Nokia’s share price rose by 0.3 percent.

Food technology company Solar Foods was the stock exchange’s biggest faller with a 15.7 percent drop to 9.15 euros. There was no news from the company, but the stock has fluctuated a lot at the beginning of the stock market rally. Solar Foods listed on First North through a technical listing without an IPO on Tuesday of last week. The share started on the stock exchange at a price of around 16 euros, but ended up clearly lower at 11.80 euros already on the first day of trading.

Solar Foods already collected outside the stock exchange Springvestin through the platform, money from investors last year and this year at a subscription price of EUR 8.50 per share.

Source: www.arvopaperi.fi