HEX (Helsinki) Market Overviews
Helsinki Stock Market Overview28/11/2005-02/12/2005
Christmas is coming, but this fact doesn’t mean that trading in the market decreases. Total market turnover was 5,866,616,150 (much bigger than previous week), 9 companies increased their value by more than 5%. OMX Helsinki index almost didn’t change (increase by 0.32%). The main reason of this was expectations of Nokia’s future profits. On Friday only group announced its future outlook that satisfied investors and “allowed” market to grow further.
Fortum Corporation (FUM1V)is a leading Nordic energy company. Its core business covers electricity and heat generation, sales and distribution, operation and maintenance services as well as other related services. During this week share prices went down by 4.6%. The main reason is company’s decision to acquire the shares in Russian Kolenergo from MMC Norilsk Nickel. Despite of the fact that by this decision Fortum will strengthen its position in Northwest Russian power generating industry, company will insert Norilsk Nickel representative for a member of board and become more dependent on Russian giant.
Tecnomen Corporation (TEM1V) – is a company that develops and supplies messaging and charging solutions for telecom operators and service providers worldwide. By the end of this week share price comparing to last Friday price was down by 3.81%. Tecnomen demonstrated new Messaging services on a TETRA network at TETRA World Congress 2005 in Frankfurt 28 November - 1 December 2005. This should have increased share prices, especially when there is growing demand for this kind of services, but hadn’t. Thus this could be explained by speculations in stock market that can be noticed looking on small turnover this week.
The news about successful development of Finnair Oyj (FIA1S)that were released on December 2 insured stability of the company and resulted in noticeable 5,75% growth. Finnair has ordered four more Embraer aircraft. The order, worth approximately 100 million euro, is a continuation to the 12 aircraft Embraer acquisition programme begun this autumn. Embraers represent the newest aircraft technology, with lower emissions and fuel consumption. By autumn 2007, Finnair will have a total of 16 Embraer aircraft in its fleet.
KCI Konecranes Plc (KCI1V) is the world's leading supplier of heavy-duty cranes for process industries and shipyards. On the December 1 KCI Konecranes and R.STAHL AG have agreed to continue negotiations concerning a possible sale of the Material Handling division R. STAHL Fördertechnik to KCI Konecranes. Exclusivity in the negotiations has been extended until year-end and the parties look forward to a successful conclusion and signing of the definitive agreement in the forthcoming weeks. The result of negotiations immediately corrected the price of a share by 6,40 % upwards. Investors should watch on this upcoming deal more thoroughly, as the transaction is expected to close by year-end 2005.
By Boriss Kuzmins
Dmitrisj Jazikovs
