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Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / MICEX 0.00% Stocks: VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% / VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% Porfolios: StraterS 0.00% / koncik 0.00% / Laime 0.00% / Life 0.00% / RIX 0.00%
Lithuanian Stock Market Overview 29/01/2007-02/02/2007
This week’s total turnover in Lithuanian Stock Exchange market was €32,414,585.09 (Main List – 23,669,770.45), which is €4,500,301.13 more than previous week. Overall, during the week stock value of 24 companies rose and 14 went down. The leaders of increase (in Main List) were Apranga (APG1L) and Ūkio bankas (UKB1L) with 8.40% and 7.32% increase in value respectively. Ūkio bankas was also the leader of turnover – 6,739,772.93 EUR. One of the biggest decreases in value was “achieved” by Vilniaus baldai (VBL1L) – 3.91% down. The overall OMX Vilnius index rose by 1.67% up to 523 (from 514.42)
Ūkio bankas (UKB1L), oldest private commercial bank in Lithuania, maintained huge turnover from the previous week as well as faced considerable increase in value – up to 1.36 EUR. Its success can be easily explained by the very positive results announced two weeks before. Market is full of optimism towards its future, thus price of shares are expected to increase. And it’s not only pure optimism – all statistical data supports it. As a result, our recommendation stays the same as previous week – buy these shares.
It isn’t surprising that the stocks of Apranga (APG1L) continue increasing this week. Previous week its stock value increased by 0.61 LTL, whereas this week it has increased by 0.38 € to 4.71 € and has reached its biggest price ever. One of its reasons is that people invest money obtained from selling shares of Mažeikių nafta (MNF1L). Also, the company plans big turnover of 120.19 billion € and the profit before taxes of 8.98 billion €. In addition, sales in January were bigger than expected, so even if the first quarter of the year is usually not very profitable due to sales, the company is expected to work really profitably in the first quarter of the year.
This week we have noticed much bigger popularity in the stock value of Šiaulių bankas (SAB1L) after quite a long period. Its stock value increased by 0.07 € to 1.2 € with a huge turnover of 11636983 €, whereas previous week it increased only by very little. It happened because these shares are „safe“, as company doesn‘t avoid paying dividends and pays even big ones. Also, for people who have free shares (they are obtained by increasing the bank‘s capital) there‘s a possibility to obtain bank‘s shares by lower than market price with prerogative right. Moreover, bank‘s secondary company „Šiauliai bank leasing“ earned pure profit of 0.35 billion LTL in the previous year (32 % more than in 2005). We recommend buying these shares.
By Ignas Junevičius
Ramunė Rimgailaitė
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