Nordic Equity Movers: Nokia, Rautaruukki, TeliaSonera, IFS
Nordic benchmark Stoxx Nordic 30 Index gains 0.1% as of 1:06 p.m. OMX Stockholm 30 Index rose 0.1%; OMX Helsinki 25 Index climbs 0.3%. Copenhagen and Oslo Index closed for public holidays. Stockholm closed at 1 p.m.
ADVANCERS: * Nokia (NOK1V FH) +3%; reporting first-quarter net income of 344 million euros, beating analyst estimates of 177 million euros. * Rautaruukki (RTRKS FH) +6.2%; raised sales forecast for 2011 and predicts prices will increase because of the “good demand.” * IFS (IFSB SS) +0.6%; reported first-quarter net income of 4 million kronor versus 3 million kronor a year earlier.
DECLINERS: * TeliaSonera (TLSN SS) -1.8%; will press ahead with plans to oust Turkcell Iletisim Hizmetleri AS chairman Colin Williams at a shareholders meeting today, claiming the attempt is lawful.
To contact the editor responsible for this story: Kim McLaughlin at firstname.lastname@example.org