Helsinki Stock Exchange Takes a Hit, With Companies Announcing Dividends and Shutdowns

On Thursday, the Helsinki stock exchange saw a decline in its general index, closing down 0.5 percent at 9,747 points. Dividends were released from several companies, impacting stock prices. Nordea saw a 0.2 percent increase, while Sampo fell by 1.9 percent. Jefferies lowered Sampo’s target price, while Neste, CapMan, Detection Technology, Innofactor, and Konecranes also removed their dividends.

Neste announced the beginning of a shutdown at its Porvoo refinery starting on April 1 for a duration of nine weeks. Woodjoy, a trading company, saw a significant rise in its stock price on Thursday. Similarly, Puuilo’s target price was raised by Inderes, OP, and Danske Bank, indicating strong growth expectations.

Tecnotree announced a global cost efficiency program expected to produce annual savings by 2025. Rush Factory reported its financial results while Kesko acquired shopping properties in Espoo and Salo. Outokumpu stated that political strikes affected its earnings negatively. Pallas Air and Middle Soul also made announcements regarding changes in board members and layoffs respectively.