Finnish equities closed lower on Monday, with sector sell-offs in Telecoms, Technology and Industrials pushing the benchmark down.
At the end of trading in Helsinki the OMX Helsinki 25 was down 1.06%.
Notable movers
- Neste Oyj (HE:NESTE) was the session's top performer on the OMX Helsinki 25, rising 1.73% or 0.54 points to finish at 31.82.
- Nokian Renkaat Oyj (HE:TYRES) added 1.11% or 0.18 points to close at 16.46.
- KONE Oyj (HE:KNEBV) gained 0.92% or 0.48 points to end the day at 52.78.
- Wartsila Oyj Abp (HE:WRT1V) led declines on the index, falling 3.92% or 1.15 points to 28.17 at the close.
- Nokia Oyj (HE:NOKIA) slipped 3.66% or 0.33 points to 8.73.
- Lumo Kodit Oyj (HE:LUMO) was down 3.17% or 0.27 points to 8.10.
Market breadth and wider market moves
Decliners outnumbered advancers on the Helsinki Stock Exchange by 114 to 60, with 20 stocks unchanged at the close.
Commodities saw a mixed session: Brent oil for December delivery rose 5.07% or 4.37 to $90.49 a barrel, while crude oil for October delivery increased 2.60% or 2.17 to $85.57 a barrel. In contrast, the December Gold Futures contract fell 1.19% or 53.76 to trade at $4,476.14 a troy ounce.
In currencies, EUR/USD was reported unchanged at a 0.29% move to 1.16, and EUR/GBP was unchanged with a 0.18% move to 0.86. The US Dollar Index Futures was lower, down 0.27% at 99.39.
Context and readings
The session left the main Helsinki index lower by 1.06% on the day, with individual large-cap performance split between modest winners and several notable losers. Energy-related commodity prices moved in opposite directions, with crude benchmarks higher while gold retreated. Currency changes were modest and the dollar index eased slightly.
Investors monitoring the Finnish market will note the negative breadth and the concentration of losses within a few sectors as the close approached.