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.
Meanwhile, 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 saw a significant rise in stock value on Thursday, increasing by 8.0 percent after announcing positive results and forecasting strong growth and improved profitability. Meanwhile Puuilo’s target price was raised by several companies with recommendations varying from increase to buy level.
Tecnotree also made an announcement on Thursday regarding its global cost efficiency program expected to deliver annual savings of 5–7 percent by 2025