Helsinki shares TFN at a glance outlook; Nokia to dominate |
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Thu, 18 Oct 2007 06:45
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HELSINKI (Thomson Financial) - Shares are expected to open slightly higher, with Nokia and Fortum -- typically the two heaviest traded shares on the bourse -- to dominate as they post third-quarter results today.Yesterday, the OMX Helsinki 25 index ended up 1.26 pct at 3,251.05, with Nokia finishing 3.23 pct higher at 25.60 eur. Nokia's US-listed shares finished at the equivalent of 25.67 eur.The handset maker is expected to report a 62 pct jump in third-quarter earnings per share to 0.34 eur, including charges relating to Nokia Siemens Networks, helped by robust demand for its products.FORTHCOMING EVENTSTODAY-Fortum Q3 results (9.00 am); Pretax profit forecast 228 mln eur (excl Lenenergo sale gain) vs 194 mln; sales 911 mln eur, down 4 pct-Cargotec Q3 results (12.00 pm)-Nokia Q3 results (1.00 pm). Pretax profit forecast 1.763 bln eur vs1.145 bln; sales 13.153 bln eur, up 30 pctMARKET SENTIMENT-YIT upgraded to 'buy' from 'hold' at Deutsche Bank-In New York last night, Nokia's ADRs finished at the equivalent of 25.67 eur, marginally higher than Nokia's closing level in Helsinki-Among other Finnish shares traded in the US, UPM-Kymmene ended down 0.4 pct at 14.46 eur and Stora Enso unchanged at 11.91 eurjames.etheridge@thomson.comje/akCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Helsinki shares close lower, led down by Nokia on Ericsson warning 