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Helsinki shares AFX at a glance outlook


Published :
Thu, 08 Feb 2007 08:57
By : Agencies
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HELSINKI (AFX) - Helsinki shares are expected to open lower in line with other European leading markets that are seen cautious ahead of rate decisions from the European Central Bank later today, brokers said.

Yesterday, the OMX Helsinki 25 was 0.54 pct higher at 3,041.39 points and the OMX Helsinki was up 0.41 pct at 10,195.41 points.

FORTHCOMING EVENTS

TODAY

-Sanoma WSOY Q4 results (11.00 am)

-Uponor Q4 results (1.00 pm)

-Stockmann Q4 results (2.00 pm)

Tommorow

-Neste Oil Q4 results (9.00 am)

-YIT Q4 results (8.00 am)

-Finnish December preliminary trade balance at noon

COMPANY NEWS

-Elisa Q4 earnings beat consensus, warns 2007 H1 EBITDA, EBIT seen weaker, pretax 69 mln eur, EPS 0.31 eur, sales 401 mln eur and dividend 1.50 eur.

TODAY'S PRESS

-Finnish Environment Institute warns that plans to build a new pipeline to the Russian port of Primorsk will further increase the number of oil tankers using the Gulf of Finland, thus further increasing the risk of an accident (YLE News)

MARKET SENTIMENT

-ECB is expected to leave the interest rates unchanged today at 3.50 pct, a Helsinki-based broker said.

-Elisa is seen gaining today on 8 mln shares buyback announcement, a stock broker.

-In New York last night, Nokia's ADS ended at the equivalent of 16.95 eur, unchanged from its closing level on the Helsinki bourse.

-Among other Finnish shares traded in New York, Stora Enso ended down 0.69 pct at 12.91 eur, UPM-Kymmene traded 0.10 pct higher at 20.33 eur and Metso up 0.40 pct at 40.10 eur.

azer.sawiris@afxnews.com

afs/jfr

COPYRIGHT

Copyright AFX News Limited 2006. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited




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