Stock Markets May 21, 2026 12:00 PM

Helsinki Stocks Close Higher; OMX Helsinki 25 Advances 0.34%

Telecoms, utilities and consumer services lead gains as Nokia reaches a five-year peak; oil prices climb and gold retreats

By Jordan Park

Finnish equities finished Thursday's session with modest gains as sector strength in Telecoms, Utilities and Consumer Services pushed the OMX Helsinki 25 up 0.34%. Nokia led advancers, touching a five-year high, while oil rose and gold fell. Market breadth showed more winners than losers as currency pairs and the dollar index registered small moves.

Helsinki Stocks Close Higher; OMX Helsinki 25 Advances 0.34%

Key Points

  • OMX Helsinki 25 rose 0.34% at the close, led by gains in Telecoms, Utilities and Consumer Services.
  • Top winners included Nokia (HE:NOKIA), Fortum (HE:FORTUM) and Mandatum (HE:MANTA), while Qt (HE:QTCOM), KONE (HE:KNEBV) and Lumo Kodit (HE:LUMO) were the largest decliners.
  • Commodities moved notably: Brent increased to $106.97 a barrel, U.S. crude to $100.64 a barrel, and June Gold Futures fell to $4,514.00 a troy ounce; FX showed small changes with EUR/USD at 1.16 and the US Dollar Index Futures at 99.37.

Finnish equities ended Thursday in positive territory, with sector-level strength in Telecoms, Utilities and Consumer Services contributing to a modest rise for the benchmark.

At the close in Helsinki, the OMX Helsinki 25 increased 0.34% from the prior session.

The session's leading performers on the OMX Helsinki 25 included Nokia Oyj (HE:NOKIA), which climbed 3.11% - an increase of 0.37 points - to finish at 12.10. Fortum Oyj (HE:FORTUM) added 2.19% or 0.45 points, closing at 21.04, and Mandatum Oyj (HE:MANTA) rose 1.30% or 0.08 points to end the day at 5.85.

On the downside, Qt Group Oyj (HE:QTCOM) recorded the largest decline, slipping 2.70% or 0.72 points to close at 25.98. KONE Oyj (HE:KNEBV) fell 1.70% or 0.88 points to 50.74, and Lumo Kodit Oyj (HE:LUMO) was down 1.38% or 0.11 points to finish at 7.51.

Market breadth favored advances, with 102 stocks rising versus 71 falling on the Helsinki Stock Exchange; 16 issues finished unchanged.

Notably, shares of Nokia Oyj rose to five-year highs, gaining 3.11% to close at 12.10.


Commodities traded with mixed direction on the session. Brent crude for July delivery rose 1.86% or 1.95 to $106.97 a barrel. U.S. crude for July delivery gained 2.42% or 2.38 to $100.64 a barrel. By contrast, the June Gold Futures contract moved lower, falling 0.97% or 44.00 to trade at $4,514.00 a troy ounce.

In foreign-exchange trading, EUR/USD was unchanged 0.32% to 1.16, while EUR/GBP was unchanged 0.05% to 0.86. The US Dollar Index Futures was up 0.27% at 99.37.

The day's action left the OMX Helsinki 25 slightly higher overall, supported by gains among several large-cap names even as a subset of stocks posted losses.

Risks

  • Commodity price volatility - the session showed sizeable moves in oil and gold, which can influence energy and materials-linked companies and broader market sentiment.
  • Concentration of declines among select large-cap stocks - notable falls in Qt, KONE and Lumo Kodit could weigh on sector-specific performance, particularly industrials and real estate-related names.
  • Mixed market internals - while advancers outnumbered decliners, the presence of both sizable winners and losers indicates uneven participation that could produce short-term volatility.

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