HEX (Helsinki) Market Overviews
Helsinki Stock Market Overview28/11/2005-02/12/2005
Stock exchanges are working already for 2 weeks, but the stock market seems still chilled by the winter holidays. Most of companies follow overall tendency of tiny increase or decrease. Helsinki index went down only by 0,.56%.
Metso Corporation (MEO1V) is a global supplier of process industry machinery and systems as well as know-how and aftermarket services. During last week, the share price of the company has increased by 7.8%. So high growth can be explained by very good news disclosed to the public. According to them company has sign some very important contracts. Metso has become supplier to Grate System for iron ore palletizing (value of the order EUR 65 million), to Tangshan Fortunelinn Wood Industry in China for a particleboard production line, and to Dawson mine in Australia for a conveying system (value of the order EUR 22 million). These orders allow the company to strengthen its position in the market.
Also it is worth considering the Financials where during last week many companies have increased their market value. For example, Amanda Capital Plc (AMC1V) share price has risen by 5.6%. The explanation is very easy, as on Wednesday, it was announced that company has changed shareholders. Berling Capital Ltd, Umo Capital Oy and Veikko Laine Oy now have 14.99% Amanda stake each, since Sampo Plc has decreased stake in company from 45.41% to 0.00%.
TeliaSonera Finland (TLSN) this week made an estimate about the transfer of the GSM license forced by the government. That will result in one-time expenses of approximately EUR 15 - 20 million, mostly in capital expenditure. If the transfer proceeds in accordance with the decision of the Finnish Communications Regulatory Authority, TeliaSonera Finland will recognize the expense in its 2006 financials. President of TeliaSonera Finland Juho Lipsanen finds the decision “not only surprising but also contradictory: Finland has been concerned about the adequate level of investments that would secure the emergence of the future information society, and now the implementation of the decision requires that we make additional outlays on mobile technology that is less efficient than 3G" Thus fall of share price by 3,16% is logical.
Nokia (NOK1V) faced a whole bunch of events this week. In total it have made share price 3.12% cheaper. One of main actions was share merging. A total of 67 004 new shares (NOK1VM0105) carry full shareholder rights as from the registration date, January 10, 2006. The shares are admitted to public trading on the Helsinki Exchanges as of the same date together with the old Nokia share class (NOK1V). Another big decision was made by Espoo, Finland - Fujian Mobile Communications of China. It has chosen Nokia's Push to Talk over Cellular (PoC) platform to provide a new, instant communication service to enterprises in Fujian province, and plans to later expand the service to consumers. Lastly, Nokia has solved a patent dispute that lasted from February 2004 with Kyocera Corporation. License agreement resolved all pending lawsuits between the parties, leaving both of them satisfied.
By Boriss Kuzmins
Dmitrisj Jazikovs
