On Friday, the Helsinki Stock Exchange ended on a decline as investors reacted to a hotter-than-expected US labor market report. The OMXH general index saw a decrease of 0.27 percent, closing at 1,0187.10 points. Despite the decline in the overall market, some shares performed well, including In this (+0.6%), Kone (+0.5%), and Roots (+0.5%).
However, shares like Nordea (-1.0%), UPM (-0.6%), and Training (-2.0%) ended up on the decline. Meanwhile, materials technology company Betolar announced the conclusion of its change negotiations and cut 13 jobs in Finland despite initially estimating a need to reduce up to 20 positions. The company’s stock price fell by 1.6 percent to 1.25 euros after the announcement was made.
On the bright side, conglomerate KH Group was one of the biggest gainers of the day with an increase of +16.8%. It sold construction consulting specialist HTJ’s XPartners Finland Holding for EUR 23 million as part of this deal. Pharmaceutical technology company I Don’t Like It also saw a significant rise in stock price by 30%, after signing a contract with neuromodulation company Sinaptica Therapeutics in the field of Alzheimer’s disease treatment . Construction company YIT also ended the day with a solid increase in stock price by 4.3%.
In terms of analyst recommendations, Inderes upgraded Springvestin from its current decrease status to an increase level and raised its target price to 6
