Titanium fell in the bull market | Bond

The Helsinki stock exchange closed with a brisk rise despite the weak pull from the USA. The general index strengthened by 1.1 percent to 9727 points.

In the United States, the main stock indices turned down, when the ISM index of service sectors was stronger than expected. Investors expect the Fed to delay interest rate cuts due to a hot economy.

In the most traded stocks Nordea closed up 3.2 percent, while Nokia rose 4.7 percent. UPM strengthened by 1.9 percent.

Exchange rate reactions and exchanges have been compiled in the table at the end of the article.

Titanium suspended the redemptions of its real estate fund

Fund company Titanium said its subsidiary Titanium Rahastoyhtiö Oy having decided to temporarily suspend its administration Special investment fund Titanium Hoivakinteistön execution of redemptions. The decision is justified by the higher-than-normal number of redemption orders and the silence of the real estate transaction market.

According to Titanium, the temporary suspension of redemptions has no effect on the fund’s value or yield. In addition, the company estimates that the temporary suspension of redemptions will not have an immediate impact on the company’s result or financial position.

An order for Metso from India

Engineering works Roots said that he had received an order for the supply of filtration technology to an Indian project that produces iron ore pellets for the needs of the steel industry.

The value of the order is not disclosed. It is recorded in the Minerals segment’s order backlog for the fourth quarter of 2024. Delivery includes 16 Larox FFP3512 filter presses and sludge pumps.

Pharmaceutical company Orion’s partner Bayer has submitted an application for the oral androgen receptor inhibitor darolutamide to the Drug Evaluation Center of China’s National Pharmaceutical Administration. Orion and Bayer are jointly developing darolutamide.

Bayer is seeking approval for the use of darolutamide in combination with the standard hormonal treatment ADT (androgen deprivation therapy) in patients with disseminated hormone-sensitive prostate cancer.

A pet supply company Musti Group wholly-owned subsidiary Musti Norge AS signed an agreement for a share subscription, whereby it receives a 40 percent ownership stake in Petrus Veterinærer AS, which provides veterinary services. The release does not state the purchase price, but the company’s turnover last year was approximately NOK 13 million, or approximately EUR 1.11 million.

Specialized in video and broadband technologies Telest announced that Texas-headquartered Mega Hertz will become an authorized distributor of the company’s 1.8 GHz ICON amplifiers and distributed network architecture equipment in North America.

Engineering works Roots said that he appointed Pasi the Chicken as CFO. Kyckling will start the position next July at the latest. Kyckling is currently Stora Enso’s acting director. as CFO.

Recommendation changes

Jefferies counted Storan Enson target price to 12.60 euros (previously 13.85 euros), buy recommendation unchanged.

Jefferies raised the target price for UPM-Kymmene to 32.20 euros (previously 31.25 euros), the buy recommendation is unchanged.

Goldman Sachs properties Konecranes target price to EUR 63.00 (previously EUR 61.00), hold recommendation unchanged.

Goldman Sachs properties Wärtsilä target price to EUR 16.10 (previously EUR 15.40), sell recommendation unchanged.

Nordea fell of the Qt Group target price to EUR 90.00 (previously EUR 91.00), buy recommendation unchanged.

Inderes raised Sotkamo Silverin target price to SEK 1.4 (previously SEK 1.3), raised the recommendation to add (previously reduce).