Stock Markets June 24, 2026 12:00 PM

Helsinki Stocks Slip; OMX Helsinki 25 Hits One-Month Low as Energy, Utilities and Materials Weaken

Broad declines push the benchmark lower, while select consumer and tech names post gains

By Derek Hwang
Share
Twitter Reddit Facebook LinkedIn

Finland's equity market closed lower on Wednesday with the OMX Helsinki 25 down 0.56% to a fresh one-month low. Losses were concentrated in the Oil & Gas, Utilities and Basic Materials sectors, while a handful of stocks including Kesko, Nokia and Orion finished higher. Market breadth favored decliners and key commodity prices fell, alongside mixed moves in currencies and the dollar index.

Helsinki Stocks Slip; OMX Helsinki 25 Hits One-Month Low as Energy, Utilities and Materials Weaken
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • The OMX Helsinki 25 closed down 0.56%, establishing a new one-month low.
  • Sector weakness was concentrated in Oil & Gas, Utilities and Basic Materials, while Kesko, Nokia and Orion were among the session's top gainers.
  • Commodity prices moved lower - Brent and crude futures declined and August gold futures fell sharply - with modest moves in major FX rates and the dollar index rising.

Finland's shares ended the Wednesday trading session in negative territory, with sector-level weakness in Oil & Gas, Utilities and Basic Materials contributing to the downward move.

By the close in Helsinki, the OMX Helsinki 25 had dropped 0.56% and registered a new one-month low.

On the index, Kesko Oyj (HE:KESKOB) was the session's strongest performer, rising 2.32% or 0.45 points to finish at 19.86. Nokia Oyj (HE:NOKIA) also gained ground, up 2.04% or 0.25 points to end at 12.24, and Orion Oyj B (HE:ORNBV) added 1.45% or 1.00 points to close at 69.90.

Conversely, several basic materials and industrial names weighed on the market. Outokumpu Oyj (HE:OUT1V) fell 3.84% or 0.22 points to trade at 5.39 at the close. SSAB AB B (HE:SSABBH) declined 2.76% or 0.24 points to finish at 8.33, and Neste Oyj (HE:NESTE) was down 2.58% or 0.70 points to 26.39.

Market breadth was negative: falling shares outnumbered advancing ones on the Helsinki Stock Exchange by 94 to 66, while 32 issues ended unchanged.


Commodity markets moved lower during the session. Brent oil for September delivery decreased 3.50% or 2.69 to $74.11 a barrel. In related trading, crude oil for August delivery slipped 3.67% or 2.69 to $70.52 a barrel. The August Gold Futures contract dropped 3.14% or 130.25 to trade at $4,019.15 a troy ounce.

In FX and dollar measures, EUR/USD was listed as unchanged 0.30% at 1.13, while EUR/GBP was unchanged 0.00% at 0.86. The US Dollar Index Futures was up 0.23% at 101.41.

The session underscored sector-specific pressure in energy, utilities and materials - sectors that coincided with the heaviest declines on the index - even as select consumer and technology-related names outperformed.

Risks

  • Volatility in oil and commodity prices may continue to put pressure on companies in Oil & Gas and Basic Materials, affecting sector performance.
  • Negative market breadth, with more declining than advancing stocks, could signal wider downside risk for the Helsinki market in the near term.
  • Movements in currencies and the US Dollar Index may influence export-oriented and import-sensitive sectors; EUR/USD and EUR/GBP showed limited change while the dollar index strengthened modestly.

More from Stock Markets

Family Sues Tesla After Fatal Katy, Texas Crash Linked to Autopilot Use Jun 24, 2026 Cerebras CEO Says Investors Misread 2026 Margin Outlook as Stock Plunges Jun 24, 2026 Airbus to Back Inspections of Select A380 Wings After Spar Cracks Identified Jun 24, 2026 UBS boosts targets for AMD and Arm, cites standalone CPU demand but tempers TAM optimism Jun 24, 2026 TD Cowen Names Agios Its Top Biotech Pick on Strength in Thalassemia and Pipeline Progress Jun 24, 2026