Stock Markets May 21, 2026 12:00 PM

Helsinki Stocks Close Higher; OMX Helsinki 25 Advances 0.34%

Telecoms, utilities and consumer services lead gains as Nokia reaches a five-year peak; oil prices climb and gold retreats

By Jordan Park
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Finnish equities finished Thursday's session with modest gains as sector strength in Telecoms, Utilities and Consumer Services pushed the OMX Helsinki 25 up 0.34%. Nokia led advancers, touching a five-year high, while oil rose and gold fell. Market breadth showed more winners than losers as currency pairs and the dollar index registered small moves.

Helsinki Stocks Close Higher; OMX Helsinki 25 Advances 0.34%
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Key Points

  • OMX Helsinki 25 rose 0.34% at the close, led by gains in Telecoms, Utilities and Consumer Services.
  • Top winners included Nokia (HE:NOKIA), Fortum (HE:FORTUM) and Mandatum (HE:MANTA), while Qt (HE:QTCOM), KONE (HE:KNEBV) and Lumo Kodit (HE:LUMO) were the largest decliners.
  • Commodities moved notably: Brent increased to $106.97 a barrel, U.S. crude to $100.64 a barrel, and June Gold Futures fell to $4,514.00 a troy ounce; FX showed small changes with EUR/USD at 1.16 and the US Dollar Index Futures at 99.37.

Finnish equities ended Thursday in positive territory, with sector-level strength in Telecoms, Utilities and Consumer Services contributing to a modest rise for the benchmark.

At the close in Helsinki, the OMX Helsinki 25 increased 0.34% from the prior session.

The session's leading performers on the OMX Helsinki 25 included Nokia Oyj (HE:NOKIA), which climbed 3.11% - an increase of 0.37 points - to finish at 12.10. Fortum Oyj (HE:FORTUM) added 2.19% or 0.45 points, closing at 21.04, and Mandatum Oyj (HE:MANTA) rose 1.30% or 0.08 points to end the day at 5.85.

On the downside, Qt Group Oyj (HE:QTCOM) recorded the largest decline, slipping 2.70% or 0.72 points to close at 25.98. KONE Oyj (HE:KNEBV) fell 1.70% or 0.88 points to 50.74, and Lumo Kodit Oyj (HE:LUMO) was down 1.38% or 0.11 points to finish at 7.51.

Market breadth favored advances, with 102 stocks rising versus 71 falling on the Helsinki Stock Exchange; 16 issues finished unchanged.

Notably, shares of Nokia Oyj rose to five-year highs, gaining 3.11% to close at 12.10.


Commodities traded with mixed direction on the session. Brent crude for July delivery rose 1.86% or 1.95 to $106.97 a barrel. U.S. crude for July delivery gained 2.42% or 2.38 to $100.64 a barrel. By contrast, the June Gold Futures contract moved lower, falling 0.97% or 44.00 to trade at $4,514.00 a troy ounce.

In foreign-exchange trading, EUR/USD was unchanged 0.32% to 1.16, while EUR/GBP was unchanged 0.05% to 0.86. The US Dollar Index Futures was up 0.27% at 99.37.

The day's action left the OMX Helsinki 25 slightly higher overall, supported by gains among several large-cap names even as a subset of stocks posted losses.

Risks

  • Commodity price volatility - the session showed sizeable moves in oil and gold, which can influence energy and materials-linked companies and broader market sentiment.
  • Concentration of declines among select large-cap stocks - notable falls in Qt, KONE and Lumo Kodit could weigh on sector-specific performance, particularly industrials and real estate-related names.
  • Mixed market internals - while advancers outnumbered decliners, the presence of both sizable winners and losers indicates uneven participation that could produce short-term volatility.

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