Finnish stocks surge, OMX Helsinki 25 jumps more than 3.4% on tech and financials
(Investing.com) – Finnish stocks recorded an impressive growth session on Thursday, as the OMX Helsinki 25 index jumped 3.47%, driven by strong tech, financial and telecommunications stocks.
Market leaders: Metso, Qt Group and Konecranes surge
During the session, Metso Oyj (HE: METSO) was the biggest gainer with an 8.39% gain, closing at EUR8.32, after recording a positive recovery from its heavy industry business.
Next is Qt Group Oyj (HE: QTCOM), a software platform developer, which rose 8.05% to close at EUR 69.10. This is a highly appreciated increase in the context of increasing demand for industrial and automation software.
Konecranes ABP (HE: KCRA), one of the most prominent names in the machinery and automation sector, also recorded a gain of 5.98%, to EUR 51.95. Investors are looking forward to the prospect of new orders and the company's ability to expand its global market share.
The weakest gainers still maintain green momentum
Although the gains were smaller, stocks such as Neste Oyj (HE: NESTE), Kesko Oyj (HE: KESKOB) and Stora Enso Oyj R (HE: STERV) also recorded increases of 1.14%, 1.37% and 1.52%, respectively.
The overall market remained very positive as the number of stocks increasing in price on the Helsinki Stock Exchange was outstanding: 170 stocks increased, only 13 stocks decreased, and 7 stocks remained unchanged.
Commodity and currency markets fluctuated in opposite directions
Brent oil for June delivery fell sharply by 4.22% to 62.72 USD/barrel.
WTI crude oil for May delivery lost 4.75%, closing at 59.39 USD/barrel.
Gold futures for June rose sharply by 3.14%, trading around 3,176.14 USD/oz, thanks to increased demand for risk prevention. Meanwhile, in the currency market:
- EUR/USD rose 2.19% to 1.12,
- EUR/GBP rose 1.24% to 0.86,
- The Dollar Index (DXY) fell sharply by 1.79% to 100.79.
KCRA – Is this industrial stock in the buy zone?
With a gain of nearly 6% in the session, **Konecranes ABP (KCRA) is attracting attention from investors. However, the valuation has increased sharply since the beginning of the year, making many people wonder: Does this stock still have room to grow?
According to the AI models analyzed by ProPicks AI, stocks like KCRA may be in the potential stock portfolio that is undervalued by the market. This year alone, the tool has identified 9 overlooked stocks that have increased by more than 25%, bringing outstanding returns to investors who acted early.
Is KCRA one of the next big opportunities? Investors will find out in upcoming portfolio updates from ProPicks.