Nokia Falls on Stoxx Exit, Competition Concern: Helsinki Mover
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Nokia Oyj shares fell to their lowest level in three months in Helsinki trading after Stoxx Ltd. said it’s removing the stock from the Euro Stoxx 50 index and on concern its smartphones are losing market share.
The shares dropped 2.5 percent to 2.65 euros at the close of trading in Helsinki, the lowest price since Dec. 4, cutting the Espoo, Finland-based company’s market value to 9.9 billion euros ($13 billion). The stock has fallen 9.3 percent this year.