The Helsinki Stock Exchange experienced mixed results on Friday, with a decline in the morning giving way to a clear rise during the day. The general index closed up 0.7 percent at 9,838 points. The most traded stock of the day was Nordea, which had announced its results the day before and saw its stock close up 1.4 percent. Nokia, which also announced its results on Thursday, was the second most traded stock and rose 2.5 percent during the day, despite first-quarter figures not meeting expectations.
During the day, Elisa gained the most with a 4.4 percent increase after announcing its earnings. Although its operating profit in January-March was slightly below analyst expectations, Elisa maintained its instructions for turnover and comparable EBITDA for 2024. Other companies that announced their results on Friday were Middle Soul, Morning, and QPR Software. Alma Media’s first-quarter result was slightly below analyst expectations, causing its stock to close unchanged. Gofore had a slower first quarter compared to previous growth and profitability development, causing its stock to close up by 3.9 percent.
QPR Software had a positive operating result for the first time since 2019 and saw its stock close down 8.5 percent despite this news. Ponsse lowered its guidance for 2024 while Valoe secured funding for a restructuring program and several target prices and recommendations were adjusted for different companies by various analysts based on their earnings announcements and guidance updates.
Overall, it was a day of mixed results at the Helsinki Stock Exchange as investors adjusted their investments based on company performance and market conditions.
In conclusion, there was mixed sentiment at the Helsinki Stock Exchange on Friday as some stocks rose while others fell or remained unchanged due to their earnings announcements or other factors affecting them directly or indirectly