• Sun. Apr 14th, 2024

Helsinki Stock Exchange Sees Rise in General Index as Steel Company Struggles and Fuel Company Initiates Shutdown

BySamantha Nguyen

Apr 2, 2024
Helsinki Stock Exchange opens with SSAB down

The Helsinki Stock Exchange reopened for trading after Easter and saw a rise in its general index by 0.4 percent to 9785.26 points. On the day of trading, Nordea, a bank, was the most traded stock whose share price rose by 0.4 percent to 10.51 euros. Among the twelve most traded stocks, many were experiencing an upward trend, including Sotkamo Silver with a 5.4 percent increase in its share price to 0.09 euros and IT company Tecnotree with a 2.3 percent rise in its share price.

However, not all companies were performing well as steel company SSAB’s B share was down by 5.1 percent at 6.52 euros due to the announcement of a large investment in Lulea, Sweden. Meanwhile, Metso and Almalyk MMC signed a framework agreement for significant process technology deliveries to Almalyk MMC’s new copper smelter in Uzbekistan. Neste’s share price also rose by 0.2 percent to 25.16 euros and Triton Fund V completed the merging of Assemblin Group and Caverion under the new name Assemblin Caverion Group during this time period as well.

In addition to these developments on the stock exchange, fuel company Liquid initiated a major shutdown of its refinery which was expected to last for nine weeks while essential maintenance and improvements were carried out during this time period as well

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

Leave a Reply