HEX (Helsinki) Market Overviews
Helsinki Stock Market Overview21/11/2005 – 25/11/2005
Autumn is going to its end; 4 weeks to Christmas are left. OMX Helsinki and Helsinki 25 indices increased increased by up to 2%. Total market’s turnover during the week was 3,729,819,436 EUR. About 15 companies had an increase in share price more than 4 %.
Ramirent Plc (RMR1V) is the leading company in Northern and Eastern Europe in machinery and equipment rentals for construction and industry. Its share price this week increased by 8.03%, because of the published interim report. It says that their profits before taxes have more than doubled. Since 16/11/2005, the share price has grown from 19.30 per share until 22.20 as at 25/11/2005.
Ponsse (PON1V) designs, manufactures, markets and services productive and environmentally compatible forest machines. This week it saw an increase in price share by 4.03%. This was caused by two reasons. First was an interim report, which showed a slight increase in the turnover and a doubled profit, comparing the same period in 2004. Another reason was an agreement with Russian OOO Lespromservis, what will become a dealer of Ponsse in Komi, Kirov and Perm regions of Russia. This issue was published at the end of the week, so probably it will cause an additional increase in share price next week.
Nokian Tyres Plc (NRE1V) is the largest tyre manufacturer in the Nordic countries and one of the most profitable companies in its industry worldwide.The price of share decreased by -7.149% from 11.75 to 10.91 during the first three days of the week 47. Nevertheless, there was a sharp increase in share price on Thursday and Friday from 10.91 to 11.61 what makes +6.03%. All in all the price of share went down by – 2.47% during this week. The statutory meetings that started at Nokian Tyres in Nokia with the labour union leaders November 21, 2005 can explain it. The parties agreed that the personnel related to the car tyre production will be gradually laid-off during 2005 and 2006. The aim of the procedure is to adjust the car tyre production with the current inventory and tyre demand.
Citycon Oyj (CTY1S) is a property investment company specialising in retail premises. The company leases, manages and develops its property portfolio and also plans and commissions the construction of new premises. The share price went down slightly by -1.82% during week 47. On 23 November 2005 Citycon Oyj has agreed to acquire Lindome Retail Centre in the Greater Gothenburg area, Sweden. The deal is expected to close on 3 January 2006. The centre's debt free purchase price amounts to 7.8 million EUR. Citycon is actively seeking for and reviewing additional investment opportunities in the region to enhance its geographical presence in growth areas in the Greater Gothenburg area.
By Inga Gorbunova,
Kristine Grecuhina,
Jekaterina Jaroslavceva.
