The Morningstar Finland Index rose 11.25% in the second quarter amid a rally in the technology sector. The Finland index tracks the performance of the top 97% of the Finnish investable universe by market cap, and each quarter we screen from among the stocks in this index to find the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.
The Best-Performing Stocks of Q2 2026
The Worst-Performing Stocks of Q2 2026
Metrics for the Best-Performing Stocks
Nokia NOKIA
- Sector: Technology
- Industry: Communication Equipment
- Economic Moat: None
Nokia climbed 70.76% in the second quarter, leaving shares up 169.17% for the past year. Nokia has a Morningstar Rating of 1 star, with its stock trading at a 58% premium to the €7.30 fair value estimate.
Puulio PUUILO
- Sector: Consumer Cyclical
- Industry: Department Stores
- Economic Moat: Not Rated
Puulio soared 46.39% in the second quarter, leaving the stock up 44.76% for the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Hiab HIAB
- Sector: Industrials
- Industry: Farm & Heavy Construction Machinery
- Economic Moat: Not Rated
Hiab climbed 37.12% in the second quarter, leaving shares up 14.48% for the past year. Hiab has a quantitative Morningstar Rating of 4 stars.
Nokian Tyres TYRES
- Sector: Consumer Cyclical
- Industry: Auto Parts
- Economic Moat: Not Rated
Nokian Tyres soared 31.68% in the second quarter, leaving the stock up 100.16% for the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Vaisala VAIAS
- Sector: Technology
- Industry: Scientific & Technical Instruments
- Economic Moat: Not Rated
Vaisala jumped 29.56% in the second quarter, leaving the stock up 17.52% for the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Metrics for the Worst-Performing Stocks
Revenio Group REG1V
- Sector: Healthcare
- Industry: Medical Devices
- Economic Moat: Not Rated
Revenio Group plunged 35.65% in the second quarter, leaving the stock down 55.96% for the past year. Shares were 58.08% below their last high on July 29, 2025. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Valmet VALMT
- Sector: Industrials
- Industry: Specialty Industrial Machinery
- Economic Moat: Not Rated
Valmet tumbled 13.34% in the second quarter, leaving shares down 15.46% for the past year. Stocks in the company were 34.31% below the last high on July 30, 2025. Valmet has a quantitative Morningstar Rating of 5 stars.
Kemira KEMIRA
- Sector: Basic Materials
- Industry: Chemicals
- Economic Moat: Not Rated
Kemira slid 12.71% in the second quarter, leaving the stock down 13.22% for the past year. Shares were 23.53% below their last high on Feb. 11, 2026. The company’s stock has a quantitative Morningstar Rating of 5 stars.
Terveystalo Healthcare TTALO
- Sector: Healthcare
- Industry: Medical Care Facilities
- Economic Moat: Not Rated
Terveystalo Healthcare tumbled 11.45% in the second quarter, leaving shares down 29.00% for the past year. Stocks in the company were 36.48% below the last high on July 11, 2025. Terveystalo Healthcare has a quantitative Morningstar Rating of 3 stars.
Elisa ELISA
- Sector: Communication Services
- Industry: Telecom Services
- Economic Moat: Not Rated
Elisa dropped 11.09% in the second quarter, leaving the stock down 18.70% for the past year. Shares were 33.20% lower than their last high on July 29, 2025. The company’s stock has a quantitative Morningstar Rating of 5 stars.
Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.
