Helsinki Stock Exchange Takes a Hit, While Some Companies Survive and Thrive Amidst the Decline

On Friday afternoon, the Helsinki Stock Exchange experienced a noticeable decline, with the general index down 0.92 percent at 10,028.19 points by 14:40. Despite this overall downward trend, an engineering company that issued a positive earnings warning the day before saw a slight increase in its stock price on Friday following a significant boost on Thursday.

However, most of the exchanged shares on the stock exchange were in decline, with hoist manufacturer Konecranes experiencing a more than 4 percent drop in its stock price on Friday afternoon. Although the company had seen a rise in its stock price after a positive profit warning earlier in the week, it seemed to have reverted back to its pre-warning valuation by Friday.

Other prominent companies such as Stora Enso, UPM Kymmene, and Wärtsilä also experienced declines of more than two percent. Amidst the downward trend, the biggest gainer on the stock exchange was an artificial intelligence company called Aiforia Technologies, with its share price rising by 4.38 percent to reach 4.77 euros.

On the other hand, analysts from Inderes Nordic and OP raised their target prices for several companies on Friday despite the overall downward trend at Helsinki Stock Exchange indicating confidence in these companies’ performance. However, Kemira experienced a significant drop of 4.38 percent to reach 22.70 euros and became the biggest loser on the exchange despite an executive selling Kemira shares worth around 200