HEX (Helsinki) Market Overviews

Helsinki Stock Market Overview
7/11/2005 – 11/11/2005

This week did not see any big changes in stock indices. Most of them were stable keeping the same level and having slight increases by 0.81% – 1.4%. Only HEX I-List index has decreased by 0.82%. Comparison between this week’s and previous week’s total turnovers has shown that this week was much less active having a decrease by 18% Value EUR.

Nokian Tyres Plc (NRE1V) is a tyre manufacturer with the focus on solutions of products that meet the special needs of customers in Nordic conditions. It has the market everywhere where is snow, forests, and demanding conditions caused by changing seasons. The share price of Nokian Tyres Plc (NRE1V) grew up by +10.59% and reached the price of 11.9 EUR per share. Such increase in price could be explained by bad weather conditions as the winter is approaching.

Orion Corporation A(ORNAS) and Orion Corporation B (ORNBS)focuses on services for physicians, pharmacies, hospitals, clinics and their customers as well as other healthcare professionals.During the week 45 the A-share price of this company increased by +6.823% as well as B-share price went up by +7.28%. This change is influenced by the publication of an interim report that represents performance of the company during the first three quarters of year 2005. According to it, Group operating profit grew by 25.8% to EUR 148.6 million and Group profit before taxes was EUR 147.7 million what is by 20.58% more that in the previous year. In addition, the Board of Directors of Orion Corporation proposes the Extraordinary Shareholders’ Meeting to be held on 19 December 2005 that the current Orion Corporation will be demerged into two separate listed companies – New Orion Corporation and Oriola-KD Corporation in the summer of 2006.

TJ Group Plc (TJT1V), the company from information technology sector that offers electronic document and business process management and customer-specific integration, CRM and other system solutions, sold Key Partner Oy's business to Sentera Plc on November 8, 2005. The total selling price was EUR 2.75 million in cash. This agreement caused a fall in company’s share prices of 22.222% to 0.07 EUR.

Second biggest fall of the week was in AffectoGenimap Plc (AFE1V) shares by 16.981%. AffectoGenimap, which is the leading focused provider of extended business intelligence solutions in the Finnish IT services market, released its interim report for 1-9/2005 on November 8, 2005. CEO Antti Halila commented on the review period that the company is not satisfied with its financial development in Finland. Third quarter was the smallest by net sales. Antti Halila stressed that during the review period company has received several new major projects in Baltics and the result of it is expected to be seen during the last quarter of the year. Earnings per share in the review period were 0.15 EUR. (0.24 EUR in 1-9/2004).

By Inga Gorbunova,
Kristine Grecuhina,
Jekaterina Jaroslavceva.