The Bank of Åland believes that installation company Instalco's share price will rise during the day on the news that the company is implementing savings.

"The purpose of the measures is to strengthen the margin, the company's long-term profitability and competitiveness. We expect the market to view these measures positively and that the share will trade up during the day," the bank writes in a morning commentary.

In early Tuesday trading, Instalco's shares are down 2.7 percent.