Finland's equity benchmark moved lower at the end of trading on Tuesday, with the OMX Helsinki 25 finishing the session down 0.67%.
Sectors that weighed on the market included Healthcare, Telecoms and Basic Materials, contributing to the downward pressure on the index as trading closed in Helsinki.
Top performers
- Neste Oyj (HE:NESTE) led gainers on the OMX Helsinki 25, rising 1.89% or 0.46 points to close at 24.78.
- TietoEVRY Corp (HE:TIETO) added 1.71% or 0.32 points to finish at 19.01.
- SSAB AB B (HE:SSABBH) was up 0.83% or 0.06 points, ending the session at 7.78.
Largest decliners
- Metso Oyj (HE:METSO) fell 2.48% or 0.40 points to close at 15.75.
- Orion Oyj B (HE:ORNBV) declined 2.26% or 1.70 points to end at 73.45.
- Elisa Oyj (HE:ELISA) slipped 1.88% or 0.78 points to 40.74 at the close.
Market breadth was negative: 99 stocks fell versus 72 that advanced on the Helsinki Stock Exchange, while 19 shares finished unchanged.
Commodities and currencies
Energy futures showed notable gains. Brent oil for June delivery rose 2.52% or 2.41 to $97.89 a barrel, and crude oil for June delivery climbed 2.64% or 2.31 to $89.73 a barrel. In precious metals, the June Gold Futures contract declined 1.38% or 66.79 to trade at $4,762.01 a troy ounce.
On the foreign exchange front, EUR/USD was unchanged at 0.30% to 1.18 and EUR/GBP was unchanged at 0.15% to 0.87. The US Dollar Index Futures gained 0.23% to 98.13.
Summary and context
The session closed with a modestly lower headline index and a distribution of winners and losers that left more names down than up. Energy markets moved higher while gold futures eased, and exchange rates showed only small shifts by the end of the trading day.
Key points
- The OMX Helsinki 25 closed down 0.67% at the end of trading on Tuesday.
- Top individual gainers were HE:NESTE, HE:TIETO and HE:SSABBH; top losers were HE:METSO, HE:ORNBV and HE:ELISA.
- Commodities saw Brent and crude oil rise significantly while June gold futures fell; major FX pairs showed minor moves and the US dollar index rose slightly.
Risks and uncertainties
- Sector-specific weakness in Healthcare, Telecoms and Basic Materials contributed to the index decline, leaving those sectors exposed to further downside in similar sessions.
- Volatility in commodity markets, as illustrated by rising oil and falling gold futures, can introduce uneven impacts across resource-related and industrial firms.
- Small but present currency shifts and a firmer US Dollar Index Futures reading may affect exporters and import-sensitive companies in Finland.