HEX (Helsinki) Market Overviews
Helsinki Stock Market Overview23/01/2006-27/01/2006
The total growth of Helsinki stock exchange during last week was less than 1%. This number would have been smaller or even negative if HEX index hadn’t grown by approximately 6% on Friday. Before it index had been decreasing only.
The “leader” among losers this week was Done Solutions Corporation (DSO1V), which is leading Nordic provider of solutions for automated materials handling and for technical information solutions, translation and localization services, and multilingual documentation. Its shares have lost 7.3% of price. Although there were no news about company’s activity during given period of time the explanation can be found considering share price dynamics for last 2-3 weeks. As it can be observed the fast growth during 9 Jan. – 13 Jan. has caused shares overselling, and as consequence – gradual fall and return to the average price that can be proved by small and constant volume.
Also it is worth considering Exel Plc (EXL1V) - technology company which designs, manufactures and markets composite sports equipment and industrial applications, which share price has decreased by approximately 3.4%. The main reason of price change can be found in company disclosure on Wednesday where the information about increased competition in China is provided even despite the successful activity in this market last year.
Nokian Tyres Plc (NRE1V) introduced brand-new studded tyres designed for demanding winter conditions. The most significant innovation in the new tyres is the "bear claw" technology, which improves grip properties. During the coming weeks, Nokian Tyres will introduce these novelties to its most important interest groups in Finland and in Russia. Tyre deliveries will start in the second quarter of 2006 and consumer sales will begin in autumn 2006. New tech introduction has brought additional 12.36% to the share price.
Stromsdal Corporation B (STMBS), graphical board producer achieved significant 11.76% percent increase, because board of directors has revisited its profit estimate. Although the company will have negative results for the year 2005, results for the fourth quarter should be positive. The quarterly result is positively affected by income from the sales of emission allowances, amounting to 450 Keur. As Stromsdal’s Financial Statements for 2005 will be published on February 28, 2006 further share price corrections are likely to happen.
By Boriss Kuzmins
Dmitrijs Jazikovs
