Finland's stock market closed higher on Monday, with the OMX Helsinki 25 finishing the session up 0.65% to reach a new all-time high. Gains were concentrated in the Basic Materials, Financials and Industrials sectors, which helped lift the index.
The session's leading individual risers on the OMX Helsinki 25 included Hiab Oyj, which advanced 4.72% or 2.32 points to end at 51.50. Konecranes ABP added 4.27% or 1.16 points, closing at 28.34, and Metso Oyj rose 3.75% or 0.58 points to finish at 16.06.
On the downside, Neste Oyj was the weakest member of the index, sliding 3.66% or 1.04 points to close at 27.35. Nokia Oyj declined 1.36% or 0.18 points to end at 13.07, and Fortum Oyj fell 0.53% or 0.11 points to finish at 20.63.
Market breadth on the Helsinki Stock Exchange favored advancing shares: 110 stocks rose, 60 fell and 20 closed unchanged.
Commodity markets moved notably during the day. Brent oil for August delivery fell 5.43% or 5.44 to trade at $94.77 a barrel. Crude oil for July delivery dropped 5.69% or 5.50 to $91.10 a barrel. Precious metals were firmer, with the August Gold Futures contract up 1.07% or 48.77 to $4,605.17 a troy ounce.
In foreign-exchange trading, the EUR/USD pair was reported as unchanged 0.34% to 1.16, while EUR/GBP was unchanged 0.19% to 0.86. The US Dollar Index Futures was down 0.27% at 98.92.
Market context and implications
The intraday strength in basic materials, financials and industrials supported the index-level advance. The largest individual stock gains were concentrated in industrial names, while energy-related and telecommunications names showed weakness. Commodity price moves - particularly the steep decline in oil benchmarks and the rise in gold futures - were notable features of the trading day.
Data points cited in this report
- OMX Helsinki 25: +0.65% (new all-time high)
- Hiab Oyj: +4.72% to 51.50
- Konecranes ABP: +4.27% to 28.34
- Metso Oyj: +3.75% to 16.06
- Neste Oyj: -3.66% to 27.35
- Nokia Oyj: -1.36% to 13.07
- Fortum Oyj: -0.53% to 20.63
- Rising vs falling issues: 110 vs 60, 20 unchanged
- Brent (Aug): -5.43% to $94.77/ bbl; Crude (Jul): -5.69% to $91.10/ bbl; Gold (Aug): +1.07% to $4,605.17/oz
- EUR/USD: unchanged 0.34% to 1.16; EUR/GBP: unchanged 0.19% to 0.86; US Dollar Index Futures: -0.27% at 98.92