HEX (Helsinki) Market Overviews
Helsinki Stock Market Overview06/03/2006-10/03/2006
This week brought positive indexes as well as positive emotions. We would like to congratulate all women on the Earth with the 8th March! Closer to stock exchanges, this week was rather successful in paper industry as you will see below. Overall OMX Helsinki and OMX Helsinki 25 indexes climbed by 3%.
M-real Corporation (MRLBV), leading European paper company had a huge increase in share price. It sky-rocketed by 20% to EUR 5.07 per share. The company issued its annual report for year 2005 on March 6, which increased share price significantly. Then on March 8 the company announced that it invests EUR 7.0 millon in Europe’s first ValFormer forming section for boardmaking applications. This will result in improved product quality and it will increase the mill’s production capacity.
UPM-Kymmene Corporation (UPM1V), another successful producer of paper felt significant increase of 10,5%. On March 8 the company announced two news that “made the day”. First is a start of extensive program, which should restore profitability. All planned actions can be found on the company’s homepage. Second is that the company will invest in the production efficiency of Kymi's pulp mill as well as in converting Jämsänkoski mill's paper machine 4 into label paper production.Both mills are located in Finland. The total value of the investments is EUR 370 million.
Nokia Corporation (NOK1V). Company has chosen to expand DTAC’s GSM/GPRS/EDGE network in Thailand. That lead to noticeable 6,5 % increase in a share price. Following the first supply deal with DTAC in 1994, Nokia has been the sole GSM network supplier since 2003, and sole core network supplier since 2000.
Tecnomen Oyj (TEM1V) - develops and supplies messaging and charging solutions for telecom operators and service providers worldwide. This week the company has lost approximately 5.5% of the shares price. Although, the shares tried to return to the previous level EUR 2.85 – 2.95 on Thursday, the attempt did not succeed and by the end of week they stopped at EUR 2.77. The reasons can not be found in the company activities. That can prove the Financial Statement where very good numbers have been presented (profit increase of 100%, net sales increase of 40%). Looking at longer trends, it is easily seen that shares have begun to grow and this week’s fall does not mean much.
Metso Oyj (MEO1V) – is a global supplier of process industry machinery and systems as well as know-how and aftermarket services. This week the price of shares has decreased by 5.9%. Considering long time periods (2 weeks and more), it can be concluded that this price fall is not important and can be view as fluctuation. This idea is also proved by the absence of more or less significant news about the company in the market. Thus, the only way is to wait for future events.
By Boriss Kuzmins,
Dmitrijs Jazikovs
