Finland's stock market ended Wednesday's session with broad-based gains as several sectors led the rally. At the close in Helsinki, the OMX Helsinki 25 rose 3.69% and reached a new all-time high, with contributions from the Telecoms, Industrials and Financials sectors.
Session movers
The session's strongest performers on the OMX Helsinki 25 included Outokumpu Oyj (HE:OUT1V), which gained 9.16% or 0.43 points to finish at 5.15. Metso Oyj (HE:METSO) added 8.88% or 1.32 points to close at 16.19. Hiab Oyj (HE:HIAB) also posted a strong advance, rising 8.66% or 3.60 points to end the day at 45.16.
Among the names at the other end of the leaderboard, Neste Oyj (HE:NESTE) declined 5.31% or 1.42 points to trade at 25.33 at the close. Fortum Oyj (HE:FORTUM) fell 1.93% or 0.43 points to finish at 21.84. Elisa Oyj (HE:ELISA) was listed among the worst performers despite a small gain, closing up 0.38% or 0.16 points at 42.04.
Market breadth and activity
Advancers outnumbered decliners by a wide margin on the Helsinki Stock Exchange, with 156 stocks rising versus 28 falling. Seven issues finished unchanged.
Commodities and currencies
Commodities were volatile in global trading. Brent oil for June delivery declined 13.33% or 14.57 to $94.70 a barrel. U.S. crude for May delivery fell 15.95% or 18.01 to $94.94 a barrel. In precious metals, the June Gold Futures contract moved higher, rising 2.08% or 97.39 to trade at $4,782.09 a troy ounce.
On the currency front, EUR/USD was up 0.77% at 1.17, while EUR/GBP was recorded as unchanged 0.28% at 0.87. The US Dollar Index Futures declined 1.06% to 98.63.
What this means
The market close in Helsinki reflected a day in which industrial and financial names led gains and pushed the benchmark to a record. Broad participation was evident, with markedly more rising issues than falling ones. Commodity markets experienced notable moves during the same session, and the dollar weakened against major currencies as measured by the US Dollar Index Futures.