Stocks on the OMX Helsinki 25 posted modest gains over the past week, with the index rising about 1.3% over five days, signaling a relatively stable market environment.

Qt Group, which develops software tools for cross-platform applications, led the winners with a sharp gain of over 18%. Interestingly, Arvopaperi reported today that Qt Group is also the most shorted stock in Helsinki at the moment. 

Nokia, the telecommunications equipment provider, climbed more than 7% in the past week despite a weaker-than-expected earnings of its Swedish rival Ericsson today. Steel producer SSAB advanced around 5%, while Kone, known for its elevators and escalators, gained roughly 3.5%. IT services company Tieto also edged higher, rounding out a strong week for technology and industrial names.

On the losing side, energy companies faced notable pressure. Neste, a producer of renewable fuels that has been feeling the brunt of the rising oil prices amid the Iran War, fell about 9%, making it the weakest performer of the week. Utility group Fortum declined over 7%, reflecting broader softness in the energy sector. Chemical company Kemira dropped more than 3%, while Hiab, which provides load-handling equipment, slipped about 2.4%. Telecom operator Elisa also saw a modest decline of around 2.4%.

Overall, the week showed a clear split in the Helsinki market, with investors favoring technology and industrial stocks while moving away from energy-related names.