Stock Exchange Slightly Declines, Nokia Makes Major Submarine Cable Sale

On Thursday, the Helsinki Stock Exchange recorded a slight decline in the general index OKSMH, falling from 0.3 percent in the morning to 0.1 percent later in the day. In the Nordic market, shares fell by 0.3 percent while Nokian increased by 0.7 percent. Among the most actively traded shares, Vartsila showed a growth of 1.5 percent.

Meanwhile, Nokia has announced that it is selling its submarine cable division ASN to the French state for €2 billion as part of an agreement that includes a 20 percent ownership stake and a board representative until an agreed transition period ending in late 2024 or early 2025.

Optomed conducted a private placement of shares, issuing over 150,000 new shares at €5.25 per share and generating approximately €7 million in gross revenue from the issue despite this, Optomed’s share price fell by 13.7 percent compared to Wednesday and ended at €6.09 euros on Thursday. Shares were trading at their lowest point on Thursday after falling 4.8 percent to €5.8 euros before recovering slightly towards evening with a rise of about one cent or so to close out at around six euros per share after all is said and done for today’s trading session on Helsinki’s stock exchange and markets across Europe are showing similar trends overall though not quite as extreme as Optomed’s fall was during this week’s trading sessions so far but still quite significant for investors and traders alike who are paying close attention to what’s happening right now within these global financial markets which are always full of surprises