On Friday afternoon, the Helsinki Stock Exchange continued its downward trend for the week, with the general index down 0.3 percent at 9,804.23 points. The stock market was busy as 10 companies reported their results, and in nine out of ten earnings publishers, the share price was down.
Fortum and In this were among the most traded stocks, with both down 1.0 percent and 1.3 percent, respectively. At the bottom of the main list was an industrial service company Lassila & Tikanoja, which fell short of analysts’ expectations in the fourth half of the year. L&T’s share was down 9.1 percent. Chemical company Kemira and trading company Stockmann also reported results. YIT, a construction company, and beverage company Olvin also reported their adjusted operating profits.
Specializing in communication solutions, Bittium, Telestone, food company HKScan, IT service company Digian, and Enento also reported their fourth-quarter results. In the afternoon, Enento shared their results, noting that their turnover shrank in the fourth quarter of last year.
The most traded stocks were down on Friday afternoon as many companies reported results and share prices fell across all sectors of business operations from construction to chemical manufacturing to communication solutions providers like Bittium and Telestone.