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Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / MICEX 0.00% Stocks: VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% / VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% Porfolios: StraterS 0.00% / koncik 0.00% / Laime 0.00% / Life 0.00% / RIX 0.00%
Helsinki Stock Market Overview (HEX) 13/11/2006 – 17/11/2006
During the week the OMX Helsinki 25 (OMXH25) index has increased by 0.71 % from 2795 to 2815. The number of stocks which have gained in value over the week is 111. The number of stocks which faced a decrease in value over the week is 32. The overall turnover throughout the week is 1 070 751 905 EUR. Two major week winners are Rakentajain Konevuokraamo and Outokumpu Technology. Two week losers are Scanfil and Outokumpu Oyj.
Outokumpu Technology (OTE1V). During the week the share price grew up by +10.88% and reached the price of 16.50 EUR per share. There was rise in share prices due to release of “OUTOKUMPU TECHNOLOGY OYJ STOCK EXCHANGE RELEASE”, which was released November 13, 2006 at 1 PM. Such increase in price could be explained by the end of the stabilization period in the offering of Outokumpu Technology shares, which was carried by Nordea Bank Finland plc, the Stabilization Manager and Global Coordinator of the Initial Public Offering of Outokumpu Technology. The stabilization period has ended and no further stabilization measures will be carried out. Outokumpu Technology is a worldwide technology leader in minerals and metals processing, providing innovative tailored solutions for a wide variety of customer needs in iron and steel, aluminum and non-ferrous metals industries. It was first listed on the Nordic Exchange October, 10, 2006. The opening price was 12.50 EUR.
Rakentajain Konevuokraamo (RAK1V). During the week the share price grew up by +10.97% and reached the price of 16.39 EUR per share. This is due to release of interim report where it was said that the sales went up from 58,086,000 (1-9/05) to 285,837,000 (1-9/06) by 392%, and profit increased from 9,416,000 EUR to 26,853,000 EUR. Earnings per share went up from by 37.5% 0.64 EUR to 0.88 EUR Rakentajain Konevuokraamo is a service company specializing in equipment rental services, as well as the rental and sale of modular space. The demand for rental services is expecting to rise in the near future.
Scanfil (SCF1V), electronics manufacturing company, experienced a significant decrease of shares of 10.94% to 2.78 EUR per share. The turnover of the week was 2,195,168 EUR. This happened due to several reasons. One of them was a forecast, which stated that that demand for Scanfil telecommunications network products will decline significantly in the present quarter. Also, the president of Scanfil Plcs, Veli Torvinen, has informed to resign for personal reasons on November 14th, which was the day of biggest decrease.
Outokumpu Oyj (OUT1V), an international stainless steel company had the biggest turnover this week – 671.7 million EUR. The reason for this was that the State of Finland sold 12 million shares worth 295.8 million EUR at a price of 24.65 EUR per share. As a result, the holding of the State of Finland decreased from 37.7% to 31.1% of the share capital. However, the share price decreased by 2.83% during the week.
By Dmitrijs Murins
Marius Raugalas
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