On Thursday, the Helsinki stock exchange experienced a decline in its general index, closing down 0.5 percent at 9,747 points. Several factors contributed to this decline, including the release of dividends from several companies and the announcement of a shutdown at Neste’s Porvoo refinery. While some companies saw an increase in their stock prices after releasing dividends, others saw a decline due to lowered target prices by Jefferies and Inderes, OP, and Danske Bank.
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 for the company.
Tecnotree announced a global cost efficiency program expected to produce annual savings by 2025. Rush Factory reported its financial results and Kesko acquired shopping properties in Espoo and Salo. Outokumpu stated that political strikes affected its earnings negatively. Pallas Air made an announcement regarding changes in board members while Middle Soul also made an announcement regarding layoffs.
