UPDATE 1-NORDIC STOCKS - Factors to watch on June 24

(Adds Volvo, Scania)

HELSINKI, June 24 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Wednesday:

VOLVO (VOLVb.ST), SCANIA (SCVb.ST)

The market for new heavy commercial vehicles in Europe fell by 49.6 percent at an annual pace in May according to industry data published on Wednesday by Brussels-based automotive industry association ACEA.

Separately, German peer MAN (MANG.DE) said the situation remained difficult, and that the second quarter was more or less in line with the first quarter.

For more on the companies, double click on [VOLVb.ST] [SCVb.ST]

DANISCO (DCO.CO)

Danish food ingredients and enzymes producer Danisco is expected to report an 18 percent drop in operating profit for the year to end-April, according to a Reuters poll of analysts. Earnings before tax were seen falling to 1.22 billion Danish crowns ($227.1 million), roughly in line with the company's guidance given in May.

For more on the company, double click on [DCO.CO]

HENNES & MAURITZ (HMb.ST)

The Swedish fashion chain's size, historical performance and lower risk justify the stock's high valuation, business daily Dagens Industri said ahead of H&M's second-quarter results.

H&M is due to publish the report on Thursday, June 25.

For more on the company, double click on [HMb.ST]