Resilient Performance: Fodelia, Biohit, and Sampo Shine as Helsinki Stock Exchange Opens Up

The Helsinki Stock Exchange opened up on Tuesday morning, with the OMX Helsinki 25 index rising 0.7% to 9,290.22 points. All of the sub-indices were in the green, with the technology index leading the way with a gain of 1.2%.

The earnings season continued on Tuesday, with several companies publishing their results. Fodelia, a software company, reported earnings per share of €0.08, beating analyst expectations of €0.06. The company’s shares rose 10% in early trading.

Biohit, a medical technology company, also reported earnings per share that beat analyst expectations. The company’s shares rose 5% in early trading.

Sampo, a financial services company, reported earnings per share of €0.64, in line with analyst expectations. The company’s shares rose 2% in early trading.

Other notable movers included:

Nordea: The banking giant’s shares rose 1% after it announced that it would be raising its dividend by 10%.

Kemira: The chemicals company’s shares rose 2% after it reported earnings per share that beat analyst expectations.

UPM: The forestry company’s shares rose 1% after it announced that it would be raising its dividend by 5%.

The outlook for the Helsinki Stock Exchange is positive, with analysts expecting the market to continue to rise in the coming months. The Finnish economy is expected to grow by 3.5% in 2023, and corporate earnings are expected to continue to grow.

However, there are some risks to the outlook, including the ongoing war in Ukraine and the rising cost of living. If these risks materialize, they could weigh on the stock market in the short term.

Overall, the outlook for the Helsinki Stock Exchange is positive, with analysts expecting the market to continue to rise in the coming months. However, there are some risks to the outlook, which investors should be aware of.