Lowest close since May 2.

The market showed a negative development Wednesday, and OMX Helsinki ended the day at 9938 points, which is a decline of 1.1 percent. The index has not closed lower since May 2.

57 shares showed a gain and 105 showed a loss. 15 shares were unchanged and closed at the same price as the previous day. There was no trading in 3 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 0.4 billion.

Nordea Bank was down 1.2 percent to close at 11.11 euro. The stock has not closed lower since May 3. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Cargotec showed a negative development and ended the day at 74.40 euro, which is a decline of 2.0 percent. The stock has not closed at a lower price since May 7. Nor does it look good technically. The stock is assessed as technically negative for the medium long term.
YIT Corporation closed at 2.25 euro after posting a loss of 3.8 percent. The stock has now fallen for the fifth day in a row and this past week the stock has lost as much as 7.0 percent. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Outokumpu lost 1.9 percent to 3.42 euro. The stock has not closed at a lower price since Nov 2023. The stock has thereby closed down 12 out of the past 16 days. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 3.60 euro and a further decline is indicated.
SSAB B developed negatively and fell 1.1 percent to a close of 4.95 euro. The stock has not closed lower since Oct 2023. Nor does it look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.

Most traded Wednesday

Nordea Bank48.88
Nokia Corporation40.04
Kone32.67
Wärtsilä B30.12
Sampo A24.73
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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