On Wednesday, the Helsinki Stock Exchange saw a quieter day after two days of growth. The OMXH general index closed down marginally at 10,109 points, while the cutting-edge Nordic index decreased by 0.7 percent. Despite this, smaller companies on the stock exchange, including Incap, Digia, Administer, and Relais, received a boost from their results announcements.
Among the most traded stocks, Sampo was the biggest gainer with a 2.4 percent increase. However, Mandatum, a life insurer and asset manager, faced a 5.4 percent decline despite an increase in results compared to the previous period. Similarly, housing investor Kojamo’s results fell short of forecasts, causing the company to adjust its guidelines.
In terms of earnings announcements, various companies reported mixed results on Wednesday. For instance, Elecsterin reported a decrease in turnover and profit while Investors House saw improved performance compared to the previous year. IT company Digia exceeded expectations in terms of profitability while Relay increased its turnover through acquisitions. Additionally, Rush Factory faced a decline after its subsidiary in England announced that events would not take place this year but potential liquidation is not expected to impact Rush Factory’s operations in other countries overall there were numerous developments in the stock market with companies reporting varying results and performance
