The OMXH general index of the Helsinki Stock Exchange managed to go up by one percent on Monday, but ended up with a rise of 0.5 percent to 9,893 points.
At the top of the exchange Nordic the stock rose 0.2 percent and and Nokian 0.1 percent. In this ended up with a decrease of 1.4 percent. The other most exchanged ones ended up in green.
Monday’s only result announcer was My Savings Bank, whose share price has fallen this year due to new provisions for bad debts, negative profit warnings and management’s reported business practices. Oma SP already announced most of its profit figures in addition to the profit warning given last week, as well as the fact that the company had to make more provisions for bad debts in case of an ongoing investigation related to abuses.
In its earnings report, the bank reported on the extent of the abuses. According to an external investigation, the problems concern four percent of the bank’s credit portfolio. Oma Säästöpankki’s stock started off lower and went up, but ended up 1.3 percent lower on Monday.
At the end of last week, the analysts announced their results YIT:n target prices, and at the end of the day on Monday, the construction company’s share price was up 10.9 percent at 2.45 euros, at the top of the stock market’s rise. Inderes raised YIT’s target price to EUR 2.20 from EUR 1.85 and reiterated the reduce recommendation. OP raised YIT’s target price to EUR 2.20 from EUR 1.90 and repeated the reduce recommendation.
Packaging manufacturer Huhtamäki (-0.9%) Business Director of the Flexible Packaging segment Marco Hilty sold 6,400 Huhtamäki shares on Friday at an average price of EUR 38.48. The total value of the sale was 246,272 euros.
Among the analysis houses, among others, Handelsbanken, Danske, OP and Inderes raised the workshop Konecranes after breaking their target prices from Friday’s results. On Monday, Konecranes shares rose 4.9 percent on heavy trading volume.
Manufacturer of hydraulic cylinders Norrhydro (+4.7%) said that they had received a significant production order from Kuopio Before Woodilta. According to the company, this order opens the NorrDigi EMA market to demanding applications in the process industry, and to that end, new opportunities in demanding applications in other industries as well. The company did not disclose the value of the order.
Source: www.arvopaperi.fi
