On Friday, the Helsinki Stock Exchange opened with a clear upward trend. Despite starting lower, the general index closed up 0.7 percent at 9,838 points by the end of the day. The most traded stock of the day was Nordea, which had announced its results the day before. The bank’s stock closed up 1.4 percent, reflecting investor confidence in its financial performance. Nokia, the second most traded stock, also announced its results on Thursday and rose 2.5 percent during the day, despite first quarter figures not meeting expectations.
Elisa saw the biggest gains following its morning earnings announcement, closing up 4.4 percent. The telecom operator’s operating profit in January-March was slightly lower than analyst expectations, but the company maintained its guidance for 2024, stating that turnover and comparable EBITDA should be at the same level or slightly higher than the comparison period. Other companies that announced results on Friday included Alma Media, Gofore, QPR Software, Ponsse, and Valoe.
Financial institutions made various recommendations and target price adjustments for companies such as Nokia, UPM, YIT, Nokian, Nordic Robit Titanium Aspocomp and Talenom based on their quarterly results. Additionally, various articles on different topics were discussed on websites such as DCFever SoundCloud Cartapacio American Society for Radiation Oncology Nieruchomości Land and others. The rise of stem cell therapy in Malaysia and the impact of rainy season in Colombia were also highlighted in content from these sources.
Overall Friday’s trading activity saw a positive outlook for many companies as investors expressed confidence in their financial performance despite some unexpected outcomes from certain companies’ first quarter figures.
