OMX Helsinki 25 Hits All-Time High, Gains 1.07%

Helsinki Index Reaches New Record High

Finland's benchmark stock index, the OMX Helsinki 25, closed Thursday's trading session up 1.07%, reaching a new all-time high. The rally was fueled by strong performances across several key sectors, indicating broad market strength.

Market Overview and Sector Performance

The primary drivers behind the index's ascent were the Telecoms, Consumer Services, and Oil & Gas sectors. Market sentiment was positive, with 107 stocks advancing on the Helsinki Stock Exchange compared to 69 decliners, while 14 stocks ended the session unchanged.

Key Stock Movements

Leading the gains among the index components was Nokia Oyj, which saw its shares rise by 2.94%. Metso Oyj also performed strongly, adding 2.69% to hit a new 5-year high. On the other side, Stora Enso Oyj R was among the worst performers, declining 1.29%.

Summary

The Finnish market demonstrated significant bullish momentum, closing at a record level driven by key industrial and technology stocks. The outperformance of individual companies like Nokia and Metso underscores the specific areas of strength contributing to the market's new peak.

FAQ

Q: Which Finnish stock index reached a new high?
A: The OMX Helsinki 25 index rose 1.07% to achieve a new all-time high.

Q: What were the main sectors driving the market growth?
A: The gains were primarily led by the Telecoms, Consumer Services, and Oil & Gas sectors.

Source: Investing.com