Stock Exchange: Nokia’s ASN deal receives moderately positive price reaction

On Thursday afternoon, the Helsinki stock exchange experienced a slight decline, similar to the rest of Europe. Despite this, the OXMH general index’s decline had decreased from 0.3 percent in the morning to 0.1 percent. Nordic stock was down by 0.3 percent while Nokian had increased by 0.7 percent. Wärtsilä saw a significant increase of 1.5 percent in trading.

Optomed, a manufacturer of fundus cameras, conducted a directed share issue and raised approximately EUR 7.9 million in gross proceeds from issuing 150,000 new shares at a subscription price of EUR 5.25. However, the share price fell to EUR 6.09 after the issue, resulting in a 13.7 percent reduction in the subscription price.

Saga Furs reported a decline in turnover and operating results in its half-year report for the fiscal year from November to April due to uncertainty surrounding the September auction’s outcome due to market conditions. US Index futures were slightly lower in anticipation of the stock market opening for Wall Street on Friday morning (Friday afternoon).

In other news, discussions on various forums focused on acquiring crypto licenses in different countries such as Estonia, Portugal, and the UK as well as methods for relieving stress and topics about cars and career development were also discussed during this time period.

Nokia announced that it was selling submarine cables ASN to the French state as part of a deal that would see Nokia retain a 20% ownership stake and representation on the board until it expires at an end date yet to be determined (the end of

By Samantha Smith

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