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.
Jefferies lowered Sammo’s target price to EUR 38.00 from EUR 38.50, maintaining a hold recommendation. Besides 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, a trading company, saw a significant rise in stock value on Thursday, increasing by 8.0 percent. The company announced positive results and forecasted strong growth and improved profitability. Puuilo’s target price was raised by several companies to increase or buy levels depending on the recommendation made by different brokers.
Tecnotree announced a global cost efficiency program expected to deliver annual savings of 5–7 percent by 2025 due to cost-cutting measures taken by the telecom operator to improve its profitability.
Rush Factory published its results showing a decrease in EBITDA loss compared to the previous year due to successful cost-cutting measures implemented by the company.
Kesko acquired two properties as part of its strategic investment in the grocery store network aimed at expanding its market share and improving revenue.
Outokumpu reported a negative impact on adjusted EBITDA due to political strikes that disrupted operations and caused losses for the company.
Pallas Air experienced a significant increase in stock value following news of increased passenger traffic due to reopening restrictions being lifted in many countries.
Middle Soul reported staff reductions following change negotiations aimed at improving efficiency and reducing costs in line with its long-term strategy.
These developments marked the fluctuating dynamics in the stock market on Thursday as some companies performed well while others faced challenges such as declining sales or political instability that affected their operations negatively.