HELSINKI, June 30, 2026 — Nokia Oyj (HEL:NOKIA) shares climbed 4.46% to €11.72 by 12:57 EEST on Tuesday, a move that accounted for an estimated 41% of the OMX Helsinki 25 index's 1.10% advance to 6,218.18. The telecom equipment maker's rally was more than four times the benchmark's percentage gain, underscoring its dominant weighting in Finland's leading stock gauge.
The OMX Helsinki 25 is a capitalization-weighted price index that caps any single stock at 10%. At that cap, Nokia's Tuesday increase would add roughly 0.45 percentage points to the index, or about 41% of the day's total rise. Actual live weights may differ slightly, but the math highlights how heavily the Finnish market leans on its largest component.
Despite the bounce, Nokia's stock still sits about 3.8% below its June 25 close of €12.185. The shares had fallen 6.52% on June 26 and another 1.54% on June 29, so Tuesday's recovery only partially repaired the two-session drop. The stock's intraday high reached €11.76, with a low of €11.51 on volume of 2.18 million shares.
Nokia's outsized market value—approximately $71.84 billion according to MarketScreener's OMXH25 component screen—makes it the largest stock in the index by a wide margin. Nordea Bank Abp (HEL:NDA-FI) ranks second at $63.53 billion, followed by KONE Oyj (HEL:KNEBV) at $29.31 billion. Other top components include Sampo Oyj (HEL:SAMPO) at $27.64 billion, Neste Oyj (HEL:NESTE) at $24.21 billion, and Wärtsilä Oyj (HEL:WRT1V) at $21.84 billion.
The stock's recent momentum is fueled by its AI and optical-networking narrative. In April, Nokia reported first-quarter comparable net sales grew 4% on a constant-currency and portfolio basis, with Network Infrastructure sales rising 6% and sales from AI and cloud customers surging 49%. CEO Justin Hotard stated, “We are increasing our growth assumption for Optical and IP Networks and we are investing to capture accelerating demand from AI & Cloud customers.”
Nokia maintained its full-year comparable operating profit target of €2.0 billion to €2.5 billion. The company expects Network Infrastructure net sales to grow 12%-14% in 2026, with combined Optical Networks and IP Networks expanding 18%-20%. These projections have helped sustain investor enthusiasm, even as the broader market remains cautious.
The next major catalyst is July 23, when Nokia plans to publish its second-quarter and half-year results. The company's closed window for Q2 runs from June 23 to July 23, meaning no further guidance or commentary is expected until the earnings release. Analysts will be watching closely for updates on AI-driven demand and margin trends.
In New York, Nokia's American depositary receipts (NYSE:NOK) edged up 0.15% to $13.03, reflecting a more subdued reaction in U.S. trading. The disparity between Helsinki and New York performance may stem from the index-weighting effect in Finland, where Nokia's large cap exerts disproportionate influence on benchmark moves.
Nokia's year-to-date performance has been stellar, with the stock up nearly 110% as of Tuesday's close, far outpacing the broader market. The AI boom and optical-network investments have transformed Nokia into a concentrated tech play for Finnish portfolios, but the stock's volatility also introduces risk for index-trackers. With Q2 results just weeks away, all eyes remain on Espoo.
