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Nokia (HEL:NOKIA) share rally may account for about 40% of Helsinki index move
30 June 2026
1 min read

Nokia (HEL:NOKIA) share rally may account for about 40% of Helsinki index move

HELSINKI, June 30, 2026, 13:03 EEST

  • Nokia rose more than four times as much as the OMX Helsinki 25.
  • A 10% capped-weight Nokia position would add about 0.45 percentage point to the index on Tuesday’s move.
  • The share bounce fixed part of a two-session drop but left the stock below its June 25 close.
  • Q2 and half-year results are due July 23.

Nokia Oyj rose 4.46% to 11.72 euros by 12:57 EEST in Helsinki on Tuesday, while the OMX Helsinki 25 was up 1.10% at 6,218.18. Nasdaq Helsinki was open for normal trading; Nasdaq lists Helsinki equity hours at 10:00-18:30 local time and does not list June 30 among 2026 Helsinki closure days.

The cleaner angle is index math. OMXH25 is a 25-stock, euro-denominated, capitalization-weighted price index, and Nasdaq caps any one company at 10%. At that cap, Tuesday’s Nokia move would add about 0.45 percentage point to the benchmark, or roughly 41% of the index’s 1.10% rise. Actual live weights can differ.

Tuesday tapeLastDay moveIntraday data
Nokia Oyj €11.72+4.46%High €11.76; low €11.51; volume 2.18 mln
OMX Helsinki 256,218.18+1.10%High 6,219.35; low 6,199.18
Nokia ADR $13.03+0.15%Last New York quote on Nokia investor page

Sources: Google Finance, Nasdaq and Nokia investor page.

The move was not a full repair. Nokia closed at 12.185 euros on June 25, then fell 6.52% on June 26 and 1.54% on June 29. Tuesday’s 11.72 euro quote still sat about 3.8% below the June 25 close.

The stock matters for Finnish portfolios because it is the biggest name by market value in MarketScreener’s OMXH25 component screen. That screen put Nokia’s market value at $71.84 billion, above Nordea Bank Abp (HEL:NDA-FI) at $63.53 billion and well ahead of KONE Oyj (HEL:KNEBV).

OMXH25 component screenMarket valueDay move5-day moveYTD move
Nokia Oyj $71.84 bln+4.49%-2.50%+109.98%
Nordea Bank Abp (HEL:NDA-FI)$63.53 bln+0.31%-0.15%+2.02%
KONE Oyj (HEL:KNEBV)$29.31 bln+0.86%+0.81%-17.77%
Sampo Oyj (HEL:SAMPO)$27.64 bln+0.33%+2.46%-11.29%
Neste Oyj (HEL:NESTE)$24.21 bln+2.14%+3.80%+44.87%
Wärtsilä Oyj (HEL:WRT1V)$21.84 bln+2.82%+1.74%+9.41%

Nokia has become a concentrated Finland tech trade because the stock’s AI and optical-network case is now driving the tape. The company said in April that Q1 comparable net sales grew 4% on a constant-currency and portfolio basis, Network Infrastructure sales rose 6%, and sales from AI and cloud customers rose 49%.

Justin Hotard, Nokia’s president and CEO, said: “We are increasing our growth assumption for Optical and IP Networks and we are investing to capture accelerating demand from AI & Cloud customers.” Nokia Corporation | Nokia

Nokia kept its full-year comparable operating profit target at 2.0 billion to 2.5 billion euros. It also said it expects Network Infrastructure net sales to grow 12%-14% in 2026 and combined Optical Networks and IP Networks to grow 18%-20%.

The next hard date is July 23, when Nokia plans to publish Q2 and half-year results. Its closed window for Q2 runs from June 23 to July 23.

Roman Perkowski is a senior markets reporter at TS2.tech, specializing in stocks, technology and macroeconomic trends. A graduate of the Cracow University of Economics, he previously worked in investment research and corporate finance. His coverage helps readers understand the key forces driving global financial markets and emerging industries.

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