Stock Markets June 4, 2026 12:00 PM

Helsinki benchmark closes lower as Telecoms, Oil & Gas and Utilities drag market down

OMX Helsinki 25 ends day down 0.89%; Nokia posts largest single-stock decline while Qt Group leads gainers

By Marcus Reed

The OMX Helsinki 25 slipped 0.89% at the close on Thursday, weighed down by losses in Telecoms, Oil & Gas and Utilities. Nokia recorded the steepest drop among major constituents, while Qt Group, Orion and TietoEVRY were the session's notable risers. Commodity markets saw crude and Brent futures fall, while August gold futures advanced. Currency pairs were largely steady and the US Dollar Index Futures edged lower.

Helsinki benchmark closes lower as Telecoms, Oil & Gas and Utilities drag market down

Key Points

  • OMX Helsinki 25 closed down 0.89%, with Telecoms, Oil & Gas and Utilities among the sectors leading declines.
  • Individual stock swings were mixed: Qt Group, Orion and TietoEVRY posted gains, while Nokia, Neste and Hiab were notable laggards.
  • Commodity markets moved sharply for oil contracts lower and gold futures higher, while major currency pairs remained largely unchanged.

Finland's main equity index finished in the red on Thursday, with the OMX Helsinki 25 down 0.89% at the close in Helsinki as several large sectors posted declines.

Among individual stocks, Qt Group Oyj (HE:QTCOM) was the strongest performer on the index, advancing 2.92% - a gain of 0.84 points - to finish at 29.64. Orion Oyj B (HE:ORNBV) added 1.62% or 1.10 points to close at 69.15, and TietoEVRY Corp (HE:TIETO) rose 1.54% or 0.32 points to end the session at 21.14.

At the other end of the board, Nokia Oyj (HE:NOKIA) recorded the largest decline, sliding 6.08% or 0.90 points to settle at 13.90. Neste Oyj (HE:NESTE) fell 3.10% or 0.93 points to finish at 29.09, while Hiab Oyj (HE:HIAB) dropped 2.98% or 1.80 points to close at 58.55.

Market breadth on the Helsinki exchange skewed negative, with 95 stocks falling versus 74 advancers and 19 unchanged at the close.

Commodities trading showed notable moves during the session. Brent crude for August delivery declined 2.81% - down 2.75 - to $95.06 a barrel. US crude for July delivery fell 3.13% or 3.01 to $93.01 a barrel. Precious metals diverged from oil, with the August Gold Futures contract rising 0.85% or 38.07 to trade at $4,504.97 a troy ounce.

Foreign-exchange rates were relatively stable. EUR/USD was essentially unchanged at 1.16, while EUR/GBP was steady at 0.87. The US Dollar Index Futures moved lower by 0.22% to 99.29.


Summary of notable movers and market signals:

  • OMX Helsinki 25: -0.89% at close.
  • Top gainers: HE:QTCOM +2.92% to 29.64; HE:ORNBV +1.62% to 69.15; HE:TIETO +1.54% to 21.14.
  • Largest decliners: HE:NOKIA -6.08% to 13.90; HE:NESTE -3.10% to 29.09; HE:HIAB -2.98% to 58.55.
  • Commodities: Brent (August) -2.81% to $95.06; Crude (July) -3.13% to $93.01; Gold (August) +0.85% to $4,504.97/oz.
  • FX and dollar: EUR/USD ~1.16; EUR/GBP ~0.87; US Dollar Index Futures 99.29 (-0.22%).

No additional commentary or forecasts are provided in the available market data for the session.

Risks

  • Volatility in oil futures - Brent and US crude both fell notably, which may affect Oil & Gas sector earnings and market valuations.
  • Concentration of sector losses - Telecoms, Oil & Gas and Utilities contributed to the market decline, posing downside risk to index performance if those sectors continue to weaken.
  • Currency and dollar moves - although EUR/USD and EUR/GBP were largely unchanged, a weakening US Dollar Index Futures (down 0.22%) introduces exchange-rate uncertainty that can affect commodity-priced sectors and exporters.

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