Categories: Economy

Helsinki Stock Exchange Takes a Mixed Beat, While Fortum Disappoints with Goldman Sachs Downgrade: A Snapshot of the Weekend’s News

The Helsinki Stock Exchange saw an increase of over 0.2 percent in its price index on Friday. However, there was negative news for energy company Fortum as American major bank Goldman Sachs downgraded its stock to “sell”. This led to a three percent drop in Fortum’s share price by noon on Friday. Despite this, the general index of the Helsinki Stock Exchange was up by more than 0.2 percent, hovering close to 10,000 points by midday on Friday.

Goldman Sachs cited limited upside potential and weaker earnings and investment expectations as reasons for the downgrade from “neutral” to “sell”. Nokia was a standout performer on the exchange, with its share price increasing by over one percent after the announcement that it would acquire the US semiconductor company Infinera for $2.3 billion. In other news, various online platforms and communities were discussing topics ranging from online gambling guides to job opportunities in engineering and building safety. Users of these platforms were sharing insights and information on a wide range of subjects, creating a diverse online community.

Samantha Johnson

As a passionate content writer at newschemical.com, my name is Samantha Johnson. With a background in journalism and a keen eye for storytelling, I craft compelling articles that captivate and inform our readers. From breaking news to in-depth features, I strive to deliver content that is not only engaging but also insightful. With a love for words and a dedication to accuracy, I work diligently to keep our audience informed and engaged with the latest stories and trends. Join me on this journey through the world of news and knowledge at newschemical.com.

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