Stock Markets September 10, 2026 12:00 PM

Helsinki benchmark retreats as utilities, telecom and industrial names weigh on market

OMX Helsinki 25 slides 1.08% at the close; oil posts sharp gains while gold pulls back

By Maya Rios
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Finland's equity benchmark ended the trading day lower, dragged down by losses across the Utilities, Telecoms and Industrials sectors. The OMX Helsinki 25 closed down 1.08% as a larger number of stocks fell than rose. Energy-related commodity prices climbed notably, while gold moved lower and major FX pairs were largely unchanged.

Helsinki benchmark retreats as utilities, telecom and industrial names weigh on market
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Key Points

  • OMX Helsinki 25 closed down 1.08% as losses in Utilities, Telecoms and Industrials pressured the index.
  • Top performers included Nokian Renkaat, UPM-Kymmene and Hiab; largest decliners were Outokumpu, Metso and Kesko.
  • Commodities saw large moves: Brent crude and WTI rose more than 5% while December gold futures fell about 1.16%; FX rates were largely unchanged.

Finland's stock market closed lower on Thursday, with sector-wide declines in Utilities, Telecoms and Industrials contributing to the downward move. At the Helsinki close, the OMX Helsinki 25 was down 1.08%.

Among index components, Nokian Renkaat Oyj (HE:TYRES) was the session's strongest performer, finishing up 1.50% - a rise of 0.24 points - to 16.21. UPM-Kymmene Oyj (HE:UPM) added 0.39% or 0.10 points to end at 25.70, while Hiab Oyj (HE:HIAB) rose 0.33% or 0.20 points to close at 60.40.

At the other end of the leaderboard, Outokumpu Oyj (HE:OUT1V) led declines, slipping 4.18% or 0.24 points to finish at 5.39. Metso Oyj (HE:METSO) fell 3.77% or 0.70 points to 17.85, and Kesko Oyj (HE:KESKOB) dropped 2.32% or 0.52 points to close at 21.90.

Market breadth was negative at the Helsinki exchange: falling stocks outnumbered advancers by 94 to 81, while 17 stocks finished unchanged.

Commodity markets showed notable movement during the session. Brent crude for November delivery climbed 5.54% - a gain of 5.61 - to $106.82 a barrel. West Texas Intermediate crude for October delivery rose 5.64% or 5.42 to $101.47 a barrel. In precious metals, the December Gold Futures contract eased 1.16%, slipping 51.70 to trade at $4,409.00 a troy ounce.

Currency markets were relatively stable. The euro-dollar rate (EUR/USD) was effectively unchanged, moving 0.01% to 1.16, while EUR/GBP was steady, changing 0.08% to 0.86. The US Dollar Index Futures was up 0.09% at 98.90 at the close.


The session's price action reflected a split between individual winners and laggards inside the OMX Helsinki 25 and significant directional moves in commodity prices. The listed company-level changes and the commodity and FX readings above reflect the market data at the close in Helsinki.

Risks

  • Elevated oil price moves - Brent and WTI both rose more than 5% during the session - introduce volatility for energy- and commodity-exposed sectors such as Industrials and certain Utilities.
  • Significant declines among industrial and metals names (Outokumpu, Metso) point to near-term equity weakness in Industrials and materials sectors.
  • A greater number of falling stocks versus advancing ones (94 vs. 81) indicates market breadth risk that could extend pressure across multiple sectors if the trend persists.

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