On Thursday, the Helsinki stock exchange experienced a decline, with several companies releasing dividends. The general index closed down by 0.5 percent to 9,747 points, with the most traded stocks showing a decrease. Notably, Nordea saw a rise of 0.2 percent, while Sampo fell by 1.9 percent after the dividend was removed, causing a 2.4 percent drop.
In addition to Sampo, dividends were also removed from other companies like Neste, CapMan, Detection Technology, Innofactor, and Konecranes. Neste announced a gradual shutdown beginning on April 1, lasting for nine weeks for maintenance and improvements.
Woodjoy saw a significant rise in stock value on Thursday, increasing by 8.0 percent after announcing positive results and forecasting strong growth and improved profitability. Puuilo’s target price was raised by several companies to an increase or buy level recommendation based on its strong performance this year.
Tecnotree announced a global cost efficiency program expected to deliver annual savings of 5–7 percent by 2025. Rush Factory published its results showing a decrease in EBITDA loss compared to the previous year due to cost-cutting measures.
Kesko acquired two properties as part of its strategic investment in the grocery store network to expand its customer base and increase sales revenue.
Outokumpu reported a negative impact on adjusted EBITDA due to political strikes that disrupted production and delivery processes.
Pallas Air experienced a significant increase in stock value as demand for air travel continues to rise despite the pandemic restrictions.
On the other hand, Middle Soul reported staff reductions following change negotiations that resulted in job losses at some levels of management.
These developments marked the fluctuating dynamics in the stock market on Thursday as investors weighed various factors such as company performance, market trends, and global economic indicators before making investment decisions.