Helsinki Stock Exchange Takes a Hit: Kalmar Spins Off, Meriura Sells Stake in Subsidiary, Endomines Reports Increase in Gold Production

On Tuesday, European stock exchanges experienced a significant drop, including the Helsinki stock exchange. The general index of the Helsinki Stock Exchange fell by 0.7 percent to 10,002.95 points. The most traded stock on Tuesday was Nordea, with its share decreasing by 1.8 percent, ending at a unit price of 11.2 euros. Betolar saw the biggest increase on Tuesday with a 7.5 percent rise, while BBS-Bioactive Bone Substitutes experienced the largest decline with a decrease of 8.1 percent.

In other news, Kalmar was listed as an independent entity on the Helsinki stock exchange after spinning off from Cargotec on Monday. The first trading day for Kalmar ended with a 2.3 percent increase in share price, while Cargotec closed down by 4.3 percent.

Meriura Group announced the sale of a minority stake in its maritime logistics subsidiary to its largest shareholder Meriaura Invest Oy on Tuesday.

ShapeQ doubled its investment in Fodelia and became the third largest shareholder in the food company through a block trade of 350,000 shares worth over 2 million euros.

Valmet’s engineering division secured an order to deliver a carrier roller cutter for a paper machine in China on Tuesday.

Administer made a purchase offer to acquire shares of Kuntalaskenna Oy from the city of Pieksämäki and transferred ownership to Administer’s ownership after approval from both boards.

Endomines reported a four percent increase in gold production at its Pampalo mine in the first half of 2024 compared to the same period in 2023 and expects significant growth for the second half of 2024, laying the groundwork for production in