As the Finnish economy recovers from recession, local attitudes towards capital markets are changing. The switch is likely to provide a boost for Finnish equities at the same time as reducing the range of opportunities for participation in debt financing. The move from debt towards equity goes right to the top.
The Helsinki Stock Exchange (HSE) has experienced a resurgence of activity, spurred by privatization and a growing internationalization of trading in Finnish equities.
The recovery in the Finnish economy (turnover on the HSE official list in 1996 reached a record high of Fmk101.3
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