Helsinki Stock Exchange Opens Higher, Aussie-Finnish Mining Company Completes Merger

The Helsinki Stock Exchange opened higher on Thursday with the OMXH general index up 0.2 percent at 10,074.54 points shortly after trading began. The Australian-Finnish mining company Latitude 66 merged with ASX-listed DiscovEX Resources in Australia and raised four million Australian dollars, approximately 2.5 million euros, for ore exploration and project development.

In this, Nordea, and Sambo saw increases, while Training and Nokia saw decreases in their prices. There is speculation that the Fed might make its first interest rate cut as early as September following Wall Street’s lead. However, the June ISM purchasing managers’ index for the US service sector fell below expectations, coming in at 48.8 points.

Thursday started quietly in Helsinki in terms of company-specific news. A cargo handling company, Kalmar, that started listing on the stock exchange on Monday saw a 0.4 percent increase in its shares. Another company, Cargotec, saw a slight increase as well. Inderes, OP, DNB Markets, and Barclays among those made adjustments to share recommendations and target prices for various companies. Additionally, there is a variety of content available on different topics such as cannabis web design