|

|

Business

Small caps surge while established names retreat on OMX Helsinki in week 4
Small caps surge while established names retreat on OMX Helsinki in week 4

Jan 23, 2026

The Helsinki market edged lower today and this week. OMX Helsinki PI, a price index that tracks the share prices of all companies listed on Nasdaq Helsinki, stood at 12,720.12 at 4 p.m., down 0.31 percent, with turnover of roughly €199 million. Trading stayed within a narrow range the whole day.

Beneath the surface, price moves were more pronounced. Smaller stocks dominated the list of top gainers this week, while several well-known names led the declines.

Top five gainers this week

  1. Digitalist Group: A digital consulting and design company focused on software development, customer experience, and data-driven services.

    Shares surged 168.83 percent this week, following the company's announcement on January 21 that it had secured a EUR 1 million loan from its largest shareholder, Turret Oy Ab, to strengthen working capital.

  2. Sotkamo Silver: A mining company focused on silver production in Sotkamo, centered on Finland’s only active silver mine.

    Shares jumped 49.73 percent as nearly EUR 7 million shares exchanged hands this week.

  3. Afarak Group: A metals and mining group supplying specialty alloys and ferrochrome to the global steel industry.

    Shares leaped 29.05 percent.

  4. SRV Yhtiöt: A construction and project development company specializing in large commercial, residential, and infrastructure projects.

    Shares rose 16.81 percent.

  5. Saga Furs C: An international fur auction house and services company focused on mink and fox pelts.

    Shares advanced 14.79 percent.

Our Pulse newsletter

Your weekly leadership intelligence briefing


By signing up, you agree to our Privacy Policy

Our Pulse newsletter

Your weekly leadership intelligence briefing


By signing up, you agree to our Privacy Policy

Our Pulse newsletter

Your weekly leadership intelligence briefing


By signing up, you agree to our Privacy Policy

Top five fallers this week

  1. QPR Software: A software company providing business process management and enterprise architecture tools.

    Shares slumped 7.16 percent.

  2. Tecnotree: A software company supplying digital platforms and billing systems to telecom operators.

    Shares dropped 6.54 percent.

  3. Sampo A: A Nordic insurance group with operations across property and casualty, life, and asset management.

    Shares fell 6.50 percent.

  4. Tulikivi A: A manufacturer of fireplaces and stone-based heating solutions.

    Shares declined 6.45 percent.

  5. Metsä Board A: A forest industry company focused on premium paperboard for packaging and food service.

    Shares slipped 6.18 percent.

Week 4 again underlined the split within the Helsinki market. Sharp moves were concentrated in individual stocks, while the broader index showed only modest change.

Topics

# Topics

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.

Subscribe to our newsletters

Subscribe to all our newsletters with one click — stay fully up to date across leadership, business, culture, and Nordic life.


By signing up, you agree to our Privacy Policy

Subscribe to our newsletters

Subscribe to all our newsletters with one click — stay fully up to date across leadership, business, culture, and Nordic life.


By signing up, you agree to our Privacy Policy

Subscribe to our newsletters

Subscribe to all our newsletters with one click — stay fully up to date across leadership, business, culture, and Nordic life.


By signing up, you agree to our Privacy Policy

Latest updates

Stay on the pulse, catch the signals

Subscribe to Listeds Leadership Intelligence Platform:

  • leader and company database access

  • email alerts

  • career, boards and interim opportunities

Stay on the pulse, catch the signals

Subscribe to Listeds Leadership Intelligence Platform:

  • leader and company database access

  • email alerts

  • career, boards and interim opportunities

Stay on the pulse, catch the signals

Subscribe to Listeds Leadership Intelligence Platform:

  • leader and company database access

  • email alerts

  • career, boards and interim opportunities

Join our Pulse, Best-of-the-Week, and Weekend newsletters

Join our Pulse, Best-of-the-Week, and Weekend newsletters