Stock Markets June 3, 2026 12:00 PM

OMX Helsinki 25 Hits Record Close as Telecoms, Energy and Utilities Drive Gains

Wartsila, Nokia and Outokumpu lead winners while Qt Group plunges; oil rises and gold dips

By Caleb Monroe

Finnish equities closed higher on Wednesday, with the OMX Helsinki 25 index rising 0.60% to a new all-time high. Telecoms, Oil & Gas and Utilities stocks provided the largest upward momentum. Market breadth was negative, with more decliners than advancers. Commodity moves included higher Brent and US crude and a drop in gold futures; major FX rates were little changed and the US Dollar Index Futures rose modestly.

OMX Helsinki 25 Hits Record Close as Telecoms, Energy and Utilities Drive Gains

Key Points

  • OMX Helsinki 25 closed up 0.60%, reaching a new all-time high, led by Telecoms, Oil & Gas and Utilities.
  • Top individual contributors were Wartsila (+2.90%), Nokia (+2.39%), and Outokumpu (+2.14%); largest decliners included Qt Group (-6.06%), TietoEVRY (-1.96%), and Lumo Kodit (-1.54%).
  • Commodity moves: Brent and US crude rose while August gold futures fell; EUR/USD and EUR/GBP were broadly unchanged, and US Dollar Index Futures gained modestly.

Summary

The OMX Helsinki 25 climbed 0.60% to finish at a record closing level on Wednesday, as gains in Telecoms, Oil & Gas and Utilities buoyed the market. Wartsila Oyj Abp, Nokia Oyj and Outokumpu Oyj were the top performers on the benchmark, while Qt Group Oyj, TietoEVRY Corp and Lumo Kodit Oyj posted the largest declines. Broader market participation skewed toward falling shares. Commodity and currency moves accompanied the session, with Brent and US crude prices higher and gold futures lower.


Market close details

At the Helsinki close, the OMX Helsinki 25 was up 0.60%, registering a new all-time high. Sector strength was concentrated in Telecoms, Oil & Gas and Utilities, which led the advance in the main index.

Among individual names, the top gainers on the OMX Helsinki 25 were:

  • Wartsila Oyj Abp (HE:WRT1V) - rose 2.90% (up 1.00 point) to close at 35.44.
  • Nokia Oyj (HE:NOKIA) - added 2.39% (up 0.35 points) to finish at 14.81.
  • Outokumpu Oyj (HE:OUT1V) - increased 2.14% (up 0.13 points) to end at 6.20.

The session's heaviest declines were recorded by:

  • Qt Group Oyj (HE:QTCOM) - fell 6.06% (down 1.86 points) to 28.84 at the close.
  • TietoEVRY Corp (HE:TIETO) - dropped 1.96% (down 0.42 points) to 20.96.
  • Lumo Kodit Oyj (HE:LUMO) - slipped 1.54% (down 0.11 points) to 7.06.

Breadth and notable price milestones

Decliners outnumbered advancers on the Helsinki Stock Exchange by 100 to 69, with 19 stocks unchanged.

Several stocks reached notable price benchmarks during the session: Nokia Oyj climbed to five-year highs, rising 2.39% to 14.81; Outokumpu Oyj reached three-year highs, up 2.14% to 6.20; and Lumo Kodit Oyj fell to an all-time low, losing 1.54% to 7.06.


Commodities and currencies

Commodity markets saw crude prices move higher while gold eased. Brent oil for August delivery rose 2.01% (up 1.93) to trade at $97.93 a barrel. US crude for July delivery increased 2.25% (up 2.11) to $95.87 a barrel. In precious metals, the August Gold Futures contract fell 1.08% (down 48.98) to $4,470.92 a troy ounce.

On the foreign-exchange front, EUR/USD was unchanged 0.22% to 1.16, while EUR/GBP was unchanged 0.05% to 0.86. The US Dollar Index Futures rose 0.25% to 99.43.


Additional market tools mentioned

The article included a reference to ProPicks AI, noting that it evaluates TIETO alongside thousands of other companies each month using more than 100 financial metrics and can identify stocks featured in AI-picked strategies.


Close price table (selected)

TickerChangeClose
WRT1V+2.90% (+1.00)35.44
NOKIA+2.39% (+0.35)14.81
OUT1V+2.14% (+0.13)6.20
QTCOM-6.06% (-1.86)28.84
TIETO-1.96% (-0.42)20.96
LUMO-1.54% (-0.11)7.06

Data in this report reflect closing prices and publicly reported futures and FX rates for the session described.

Risks

  • Market breadth favored decliners - 100 stocks fell versus 69 that rose, indicating uneven participation across sectors (impacts equities overall).
  • Significant single-stock volatility exemplified by Qt Group's 6.06% drop and Lumo Kodit's fall to an all-time low, which highlights company-specific risk in the technology and real estate segments respectively.
  • Commodity price swings - higher crude oil and lower gold introduce uncertainty for energy and precious metals-linked sectors and related market sentiment.

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