In the midst of a global economic slowdown, the stock market is experiencing mixed results. While some markets are on the rise, others are falling, creating uncertainty among investors. Despite this, there were some positive news on Friday as Kamux announced its positive results on the stock exchange.
In Asia, some markets saw an increase in activity while others remained stagnant. In Europe, the opening of the stock market was relatively quiet, with only slight fluctuations in key indices like OMXH in Helsinki. Among the most traded stocks, Fortum and Nordea stood out as leaders for the day.
The fuel refiner Liquid had a sharp decline after an earnings warning earlier in the week, but managed to recover by Friday. Kone’s share price also declined due to weak data from China’s construction sector. However, reassuring news from other sectors helped to mitigate this decline somewhat.
Tokmanni and Kamux were among the last two major companies to report their financial results for the year beginning January 1st. While Tokmanni’s turnover grew as expected, their operating loss deepened more than forecasted by analysts. Kamux performed well overall and met its forecasted targets for turnover and adjusted operating profit.
Pallas Air made headlines as they signed a contract for a catalytic VOC cleaning plant worth over half a million euros for a project in Oceania. This news led to a significant increase in Pallas Air’s share price and boosted their market value up to 4.5 million euros.
Overall, it was another day of mixed results on the stock market as investors continue to navigate uncertain economic conditions globally.
