Finnish stocks finished the session in negative territory on Monday, led by losses in the Technology, Utilities and Healthcare sectors that weighed on the overall market.
At the close in Helsinki, the OMX Helsinki 25 index had fallen 1.09%.
Among the index constituents, Tieto Oyj (HE:TIETO) was one of the better performers, finishing up 1.58% - a gain of 0.28 points to 18.04. Nokian Renkaat Oyj (HE:TYRES) also outperformed the broader market, rising 1.33% or 0.17 points to close at 13.00, and Qt Group Oyj (HE:QTCOM) added 1.20% or 0.28 points to end the day at 23.70.
On the downside, Fortum Oyj (HE:FORTUM) led the decliners among the larger names, slipping 3.20% - down 0.66 points to 19.95 at the close. Orion Oyj B (HE:ORNBV) declined 2.92% or 2.10 points to finish at 69.90, while Wartsila Oyj Abp (HE:WRT1V) fell 2.23% or 0.73 points to 31.94.
Market breadth was skewed to the downside on the Helsinki Stock Exchange, where 110 issues fell and 60 advanced; 22 stocks finished unchanged.
Shares of Nokian Renkaat (HE:TYRES) reached three-year highs in the session, moving higher by 1.33% to close at 13.00.
Commodity markets showed modest movement: Brent oil for September delivery rose 0.04% or 0.03 to $72.15 a barrel. Crude oil for August delivery ticked up 0.07% or 0.05 to $68.74 a barrel. The August Gold Futures contract increased 0.82% or 33.89 to trade at $4,159.59 a troy ounce.
In currency markets, EUR/USD was essentially unchanged, cited as 0.10% to 1.14, while EUR/GBP was reported unchanged at 0.20% to 0.85. The US Dollar Index Futures was higher by 0.15% at 100.78.
Session snapshot
- OMX Helsinki 25: -1.09% at close
- Advancers/Decliners: 60/110 with 22 unchanged
- Top gainers on the index: Tieto Oyj +1.58%, Nokian Renkaat +1.33%, Qt Group +1.20%
- Leading decliners on the index: Fortum -3.20%, Orion B -2.92%, Wartsila -2.23%
The session reflected a market where sector-specific declines in Technology, Utilities and Healthcare were sufficient to push the benchmark lower despite selected stock-level strength. Commodity and FX readings registered only limited changes by the close.