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[SITUATION] · [QUIET] · [BUSINESS]

3 clusters · 4 sources · 17 days · First seen · Last updated

Nordic stock market performance

Overview

Nordic stock markets, specifically in Helsinki and Oslo, have shown recent upward trends. In Helsinki, the OMXH index rose 0.6 percent in mid-August, driven by gains in IQM, Gofore, Savox, and Nokia, while UPM-Kymmene also saw a moderate increase.

By late August, the Helsinki index continued to trend upward with a 0.9 percent rise, supported by growth in SRV, Nokia, and UPM. During this period, market activity in Norway also saw gains, with the Oslo Børs rising 0.55 percent following strong second-quarter profit reports from the shipping company Frontline.

By early September, the Helsinki Stock Exchange reported a strong August, with the general index rising 4% and total euro-denominated turnover increasing by 55.4% compared to the previous year. This surge was attributed to positive second-quarter results and a recovery in the Finnish equity market, which has seen year-to-date returns exceeding 13%.

Nokia has become a primary driver of this activity, with its share price increasing 123% over the past year. Nordnet Finland noted that Nokia’s popularity is attracting a new wave of active retail investors who appear to be holding positions despite significant price increases. Other frequently traded domestic stocks include Wärtsilä, Elisa, and Qt Group, while index funds such as OP-Suomi Indeksi have seen a resurgence in popularity as investors capitalize on the strengthening domestic market.

Entities

Nokia · Nordnet · Helsinki Stock Exchange · IQM · OP Pohjola

Timeline

  1. 7 days ago

    [BUSINESS] 2 sources
    Helsinki Stock Exchange sees surge in activity led by Nokia

    The Helsinki Stock Exchange saw a significant rise in activity and turnover in August, driven by a strong recovery in the Finnish market and massive trading interest in Nokia.

  2. 14 days ago

    [BUSINESS] 2 sources
    Nordic stock markets rise as Helsinki and Oslo indices trend upward

    Stock markets in Helsinki and Oslo trended upward on Friday, with the Helsinki index rising 0.9 percent and Frontline reporting record quarterly profits in Norway.

  3. 23 days ago

    [BUSINESS] 2 sources
    Helsinki stock exchange rises as IQM and UPM-Kymmene gain

    The Helsinki stock exchange rose as the OMXH index gained 0.6 percent, led by an 11.8 percent surge in IQM shares and moderate gains for UPM-Kymmene and Nokia.

Sources

arvopaperi.fi · e24.no · op-media.fi · salkunrakentaja.fi

This summary has been updated 1 time: see revision history