VIDEO | Seen across the decades, Finland’s stock market has been one of the most rewarding in the world. Recently less so – and a long list of factors have contributed to a downturn in its total market capital: delistings, inflation, a slow domestic economy, investment hesitation under the closeness to the Ukraine war … On stage with PostTrade 360° Helsinki on Wednesday, Nasdaq’s Henrik Husman shared an overview, in a chat with BNP Paribas’ Juha Sternberg.
By some measures, the Nasdaq-operated Helsinki stock exchange is the most international one in the world – when one takes into account the global business scope of the corporates listed there.
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30 new listings last year made for a promising all time high – but with new actors being small, it does not weigh up for the broader challenges to the total cap. As in the rest of the world, buy-outs by hedge funds and other private equity actors target ever larger corporations, taking them out of the publicly-traded circuit.
A call for increasing competition between central securities depositories made for one of the final notes from Henrik Husman. Not a single broker in the Baltic countries is offering retail investors direct trading access to all the Nordic and Baltic Nasdaq markets – despite them all running on the same technical platform.
“On that, I point my finger to the post trade, actually.”
Also on the post-trade side, Henrik Husman views the recent move of Finland’s trade settlement, to the EU’s Target2-Securities system, as promising. Many companies express interest in double-listing between Finland and other countries.
“At least on paper, it should now be much more straightforward to do that with Finland, on the same platform.”
The Wednesday session was titled “Helsinki’s trading scene in numbers”. Henrik Husman is President of Nasdaq Helsinki and Vice President, Head of European Cash Equities of Nasdaq. Juha Sternberg represents Derivatives Execution and Clearing, Nordic Region, BNP Paribas.
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