Helsinki shares AFX at a glance outlook; Nokia in focus ahead of Q4 results |
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Thu, 25 Jan 2007 09:00
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HELSINKI (AFX) - Helsinki shares are expected to open higher, buoyed by Wall Street gains, with all eyes on Nokia, which publishes its fourth quarter results at around noon local time, traders said. Nokia's US-listed shares rose overnight.Yesterday, the OMX Helsinki 25 ended 1.32 pct firmer at a record closing high of 2,975.44 points and the OMX Helsinki 1.34 pct higher at 9,810.93 points on 1.7 bln eur turnover.FORTHCOMING EVENTSTODAY-Nokia Q4 results (12.00 pm); Diluted EPS forecast 0.28 eur; pretax forecast 1.517 bln eurTOMORROW-Kone Q4 resultsCOMPANY NEWS-Qualcomm says has made no significant progress toward renewing a licensing agreement with Nokia-Homewares and fashion group Marimekko Q4 opg up 9.9 pct to 3.8 mln eur on sales ahead 7.4 pct to 20.1 mln eur; proposes FY div of 0.65 eur per shareMARKET SENTIMENT-Cargotec downgraded to 'neutral' from 'buy' at UBS-Nokia's New York ADRs ended at the equivalent of 15.58 eur, up 0.58 pct on its Helsinki closing price.Among other Finnish shares traded in the US, Stora Enso was up 0.32 at 12.64 eur, UPM-Kymmene 0.36 pct higher at 19.65 eur and Metso 0.54 pct higher at 39.40 eur.james.etheridge@afxnews.comje/lamCOPYRIGHTCopyright 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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Helsinki shares AFX at a glance outlook 