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Business

[Helsinki bourse week] Steel stocks rise as Konecranes slumps on stock split 
[Helsinki bourse week] Steel stocks rise as Konecranes slumps on stock split 

The OMX Helsinki 25 index declined 0.9 percent over the past week, reflecting a split between resilient industrial names and sharp drops driven by company-specific developments.

Swedish steelmaker SSAB, listed in Helsinki and Stockholm, led the gainers with a near 6% rise over five days, supported by steady demand expectations. Forestry group UPM-Kymmene, which produces pulp, paper, and renewable materials, climbed roughly 4%, while Kemira, a chemicals company focused on water-intensive industries, posted similar gains. Stainless steel producer Outokumpu also edged higher, rounding out a strong showing for materials-linked stocks.

On the downside, Konecranes, a global provider of material handling solutions, was the standout decliner, plunging more than 60% over the period. Most of the slump happened after its annual general meeting on March 26, where shareholders approved a significant share split—issuing two new shares for each existing one—alongside a €2.25 dividend. The technical adjustment, combined with the dividend detachment, heavily impacted the share price without signaling a fundamental deterioration. 

Elsewhere, renewable fuels group Neste dropped over 8% amid continued pressure on margins. Nordea Bank, one of the largest financial institutions in the Nordics, also declined, alongside residential real estate company Lumo Kodit and energy company Fortum.

Overall, the week underscored how corporate actions and sector dynamics can drive sharp divergences within the Helsinki market, even as the broader index moved modestly lower.

Authors

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Authors

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

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