On Thursday, Neste experienced a significant drop in their shares, falling nearly 8 percent. This was accompanied by poor performance from LiquidKesko and Kempower on the Helsinki Stock Exchange. The cause of these declines was attributed to worse-than-expected earnings announcements.
Thursday was a busy day for results on the Helsinki Stock Exchange, with many listed companies publishing their earnings reports. Among the gainers for the day were construction company SRV, which reported better-than-expected results, leading to a more than 5 percent increase in their share price by midday. Similarly, forest giants UPM and Stora Enso saw strong gains, with their share prices rising by well over 4 percent.
Despite these positive developments, the general index fell by 0.9 percent by midday, indicating that the day was only considered a minor success. This fluctuation in stock prices reflects the dynamic nature of the stock market and the impact of earnings announcements on investor sentiment.