Nokia HEL:NOKIA traded lower in Helsinki on July 6, 2026, at 14:03 EEST. U.S. ADRs looked set for a gap at the open as last week’s AI-driven momentum lost steam.
- Nokia Oyj slipped 1.39% to 11.02 euros on delayed trading in Helsinki. The OMX Helsinki 25 dropped 0.93%.
- After the July 3 U.S. holiday, the old NYSE ADR closed roughly 4.1% under the Helsinki share’s dollar value.
- Nokia traded 1.9 million shares, just 9% of its 65-day average. Even so, shares have climbed about 97% this year.
- Nokia’s optical and AI orders face their next check with the half-year results due July 23.
Nokia Oyj (HEL:NOKIA; NYSE:NOK) slipped in Helsinki on Monday. For U.S. investors, the main signal came from the spread between the updated Helsinki price and where New York closed. Nasdaq Helsinki ran normal hours, trading from 1000 to 1825 EEST.
Nokia was quoted at 11.02 euros, down 1.39%, as of a delayed 1346 MarketWatch print. The OMX Helsinki 25 showed 6,210.05, off 0.93%, by Yahoo’s latest numbers. Nokia’s U.S. ADR last finished at $12.07 on Thursday, ending the session down 6.51%. U.S. markets were shut Friday for Independence Day.
| Market line | Latest mark | Change | Read-through |
|---|---|---|---|
| Nokia shares in Helsinki | €11.02 | -1.39% | Stock lagged OMXH25 through the session |
| OMX Helsinki 25 | 6,210.05 | -0.93% | Wider Finnish market down as well |
| Nokia NYSE ADR last close | $12.07 | -6.51% on July 2 | U.S. price not updated after break |
| EUR/USD | 1.1420 | -0.14% | Rate used to convert Helsinki price to dollars |
Nokia’s ADR is equal to one ordinary share, depositary info and broker notes show. With the Helsinki stock at 11.02 euros and EUR/USD at 1.1420, that share cost about $12.58. The ADR last closed at $12.07, leaving it 4.1% under the Helsinki price before NYSE trading started.
| Cross-list bridge | Calculation | Result |
|---|---|---|
| Helsinki price in USD | €11.02 × 1.1420 | $12.58 |
| ADR to spot Helsinki gap on July 2 | $12.07 / $12.58 – 1 | -4.1% |
| Nokia move against OMXH25 Monday | -1.39% minus -0.93% | -0.46 pct point |
| Current price to 52-week high | €11.02 / €15.00 – 1 | -26.5% |
| Current to 52-week low | €11.02 / €3.42 – 1 | +222.2% |
The gap is important as New York holders still haven’t had a regular session to react to Monday’s trade in Helsinki and the euro move. NYSE trades on its main floor from 0930 to 1600 ET.
Nokia sold off in Helsinki, but trading was light. Volume hit 1.9 million shares, about 9% of its 65-day average of 19.97 million. Shares stayed in a narrow band between 10.84 and 11.04 euros.
AI names still trade at a hefty premium. MarketWatch had Nokia up 97.24% for the year and 149.09% for the past 12 months. Trading Economics showed shares dropping 14.41% in four weeks but up 149.66% over 12 months.
Nokia’s most recent release came on July 2, announcing a contract with Orange Belgium SA (EBR:OBEL). Orange Belgium chose Nokia as its only supplier for a multi-year upgrade to its optical transport network. Nokia said the project will merge fixed and mobile networks, with support for services ranging from 1G through 400G and up.
Nokia quoted Orange Belgium CTO Philippe Toussaint saying the upgrade will bring the operator’s fixed and mobile optical networks into a “single optical network.” Nokia VP Guil Yazdi said networks “can no longer rely on linear growth or legacy architectures.” Nokia Corporation | Nokia
The contract hits the same theme that pushed Nokia’s stock higher in April. In its Q1 update, Nokia said Network Infrastructure sales were up 6% on a constant-currency and portfolio view. Optical Networks climbed 20%. AI and cloud customer sales jumped 49%. CEO Justin Hotard said Nokia was “increasing our growth assumption for Optical and IP Networks.” Nokia Corporation | Nokia
Nokia’s first-quarter comparable operating profit was up 54% from a year ago at 281 million euros, Reuters said in April. That beat the 250 million euro forecast from Infront. Shares hit their highest since April 2010 after the results. The company plans to release Q2 and half-year numbers July 23.
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