
Stocks on the Helsinki OMX 25 index posted a strong week, with the benchmark rising more than 4% over five days, led by industrial names, while energy stocks lagged. The move came against a volatile global backdrop, as a fragile Pakistan-brokered ceasefire between the US and Iran took effect, momentarily paring high oil prices.
Among the top gainers, Hiab stood out with a double-digit weekly rise. The company provides load handling equipment for logistics and construction. Metso, which supplies technology to the mining and aggregates industries, also advanced over 10 percent.
Moreover, Steelmaker Outokumpu and Wärtsilä, known for marine and energy solutions, moved higher. Telecom equipment maker Nokia posted more modest gains, and Konecranes, which produces lifting equipment, also climbed over 8 percent.
On the downside, Neste was the clear laggard, falling nearly 6% over the week. The renewable fuels producer has been hit by sharp swings in oil prices and margins. IT services firm Tieto declined modestly, while utility Fortum was little changed.
Overall, the week underscored a rotation into cyclical industrials in Helsinki, while energy names struggled amid heightened geopolitical and commodity market volatility.
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