Stocks listed in Finland finished the session lower on Friday as sector-level declines in Telecoms, Basic Materials and Industrials pressured the market. At the close in Helsinki the benchmark OMX Helsinki 25 lost 1.18% and reached a new one-month low.
On a stock-by-stock basis, the strongest performers on the OMX Helsinki 25 were:
- KONE Oyj (HE:KNEBV) - +0.66% (+0.33 points) to close at 49.96
- Elisa Oyj (HE:ELISA) - +0.54% (+0.20 points) to finish at 37.32
- Sampo Oyj A (HE:SAMPO) - +0.42% (+0.04 points) to end at 9.08
Meanwhile, the heaviest declines were registered by:
- Nokia Oyj (HE:NOKIA) - -6.16% (-0.75 points) to close at 11.44
- Metso Oyj (HE:METSO) - -3.42% (-0.51 points) to end at 14.42
- Outokumpu Oyj (HE:OUT1V) - -3.04% (-0.16 points) to trade at 5.11
Market breadth was tilted to the downside, with 102 issues falling versus 59 advancers on the Helsinki Stock Exchange; 31 stocks finished unchanged.
Commodities trading reflected notable moves. Brent crude for September delivery declined 4.01% (down 3.03) to settle at $72.47 a barrel. U.S. crude for August delivery fell 3.91% (down 2.81) to $69.11 a barrel. Precious metals moved in the opposite direction, with the August Gold Futures contract rising 1.48% (up 59.99) to trade at $4,107.59 a troy ounce.
In foreign-exchange trading, the euro-dollar and euro-pound crosses showed limited change in the figures provided: EUR/USD was unchanged 0.29% to 1.14, while EUR/GBP was unchanged 0.09% to 0.86. The US Dollar Index Futures was down 0.20% at 100.99.
Overall the session combined sector-led weakness with a broader commodity sell-off in crude benchmarks while gold advanced. The market's breadth and the steep fall in select large names helped push the OMX Helsinki 25 to its monthly low.