Stock Markets June 2, 2026 12:00 PM

Helsinki's OMX Helsinki 25 Climbs 1.56% as Telecoms, Utilities and Industrials Lead Gains

Hiab and Nokia among the strongest performers while Neste and Lumo Kodit lag; commodity and FX moves modest

By Hana Yamamoto

Finland's principal stock index closed higher, with the OMX Helsinki 25 up 1.56% as Telecoms, Utilities and Industrials sectors provided upward momentum. Hiab Oyj, Nokia Oyj and Metso Oyj were the top advancers, while Neste Oyj, Lumo Kodit Oyj and Orion Oyj B finished as the session's biggest decliners. Market breadth favored advancing issues, and key commodity and FX contracts moved modestly.

Helsinki's OMX Helsinki 25 Climbs 1.56% as Telecoms, Utilities and Industrials Lead Gains

Key Points

  • OMX Helsinki 25 closed up 1.56%, led by Telecoms, Utilities and Industrials.
  • Top gainers included Hiab (HE:HIAB) +7.12%, Nokia (HE:NOKIA) +6.24%, and Metso (HE:METSO) +3.89%; largest decliners included Neste (HE:NESTE) -1.74%, Lumo Kodit (HE:LUMO) -1.65%, and Orion B (HE:ORNBV) -1.32%.
  • Market breadth favored advancing stocks, with 93 gainers, 77 losers and 21 unchanged.

Helsinki equity markets ended the trading day on a positive note as gains in Telecoms, Utilities and Industrials helped drive the main benchmark higher. At the close, the OMX Helsinki 25 had risen 1.56%.

The session's largest winners on the OMX Helsinki 25 included Hiab Oyj (HE:HIAB), which climbed 7.12% - a 4.05 point increase - to finish at 60.95. Nokia Oyj (HE:NOKIA) gained 6.24%, adding 0.85 points to close at 14.39, and Metso Oyj (HE:METSO) advanced 3.89%, up 0.61 points to 16.29 late in the session.

On the downside, Neste Oyj (HE:NESTE) fell 1.74%, down 0.52 points to 29.39 at the close. Lumo Kodit Oyj (HE:LUMO) declined 1.65%, losing 0.12 points to end at 7.17, while Orion Oyj B (HE:ORNBV) eased 1.32%, a 0.90 point drop to 67.20.

Market breadth on the Helsinki Stock Exchange favored gainers, with 93 stocks advancing against 77 decliners and 21 issues unchanged.

Certain individual stock records and milestones were noted during the session. Shares of Hiab Oyj (HE:HIAB) reached new all-time highs on the day, rising 7.12% to 60.95. Nokia Oyj (HE:NOKIA) climbed to five-year highs, gaining 6.24% to 14.39. Conversely, Lumo Kodit Oyj (HE:LUMO) traded down to all-time lows, falling 1.65% to 7.17.

Commodities and currency markets saw modest movement. Brent oil for August delivery rose 0.52%, up 0.49, to $95.47 a barrel. US crude for July delivery increased 0.74%, gaining 0.68 to $92.84 a barrel. The August gold futures contract was higher by 0.56%, up 25.45, to trade at $4,531.75 a troy ounce.

In FX markets, EUR/USD was essentially unchanged, moving 0.08% to 1.16, while EUR/GBP was effectively flat, shifting 0.02% to 0.86. The US Dollar Index Futures declined 0.06% to 99.09.

For investors tracking valuation signals on individual names, a Fair Value calculator that applies a mix of 17 industry valuation models is available to provide comparative price assessments and screen for potentially undervalued stocks. The tool can be used to evaluate HIAB among other securities.

Risks

  • Individual stock volatility - Several constituents saw large percentage moves, indicating potential heightened short-term volatility in Telecoms, Industrials and select consumer real estate names.
  • Commodity price swings - Moves in Brent and US crude, though modest, can affect energy-related sectors such as refiners and oil services.
  • Currency fluctuation - Although EUR/USD and EUR/GBP were broadly unchanged, shifts in FX rates could influence exporters and firms with significant currency exposures.

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