Earnings Drives Gains for Some, Slumps for Others in Active Helsinki Stock Exchange

On Thursday, Neste’s shares experienced a significant drop, with the stock falling nearly 8 percent. LiquidKesko and Kempower’s shares also performed poorly on the Helsinki Stock Exchange that day. The cause of these price declines was attributed to worse-than-expected earnings announcements.

Thursday was a busy day for results on the Helsinki Stock Exchange, with many listed companies publishing their earnings reports. Despite this, construction company SRV saw gains, thanks to better-than-expected results which led to a more than 5 percent increase in their share price by midday. Forest giants UPM and Stora Enso also reported strong gains, with their share prices rising by well over 4 percent each.

Among the gainers for the day were construction company SRV and forest giants UPM and Stora Enso. These companies reported better-than-expected results which led to increases in their share prices of over 4 percent each by midday. However, Neste’s shares fell nearly 8 percent after 12 o’clock, while trading company Kesko’s B-series shares closed down by nearly six percent and battery charging company Kempower’s shares dropped by more than six percent due to worse-than-expected earnings announcements. The general index fell by 0.9 percent by midday, reflecting the dynamic nature of the stock market and the impact of earnings announcements on investor sentiment.