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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%
Latvian Stock Market Overview 20/11/2006 – 24/11/2006
This week was rather passive on the Riga Stock Exchange. There were only two rises in the Baltic I-List; one fall and two rises in the Baltic Main List. Companies in other positions remained constant. Despite these insignificant changes, the Baltic Main List turnover almost doubled from 1 411 298.48 EUR to 2 140 616.94 EUR (+51,6%). The Baltic I-List turnover has changed noticeably as well by + 68,1% from 147 011,44 EUR to 247 169.96 EUR. Both BALTIX and OMX Riga indices experienced increases by +1.42% and +1.01% respectively. Grindeks (GRD1R) had the biggest turnover this week of 1,050,179.64 EUR and experienced the only fall by -0.72% in the Baltic Main List. Olainfarm (OLF1R) saved its leader position and had the biggest growth of share prices by +3.00% this week.
Olainfarm (OLF1R) the leader of the previous week saved its positions and experienced the increase in share prices by +3.00%. The price has changed rapidly at the last day of the trading week after announcement about decision to transfer Olainfarm shares from the Baltic I-List to Baltic Main List starting with December 1, 2006. The decision has been taken upon the request of the company and pursuant to the Riga Stock Exchange Listing and Disclosure rules. Thus, starting with December 1, 2006 there will be 6 companies on the RSE Main list. Taking into account these positive news for the company, we could expect a future increase of Olainfarm share prices.
The second rise in the Baltic I-List was faced by the greatest Latvian alcohol producer Latvijas Balzams (BAL1R). As in case of Olainfarm, the share prices of Latvijas Balzams increased rapidly on the last day of the trading week. This increase compensated the value decrease that company experienced in the beginning of the week. In general, the change was +2.31%. On Friday Latvijas Balzams announced 9 month financial report on the Riga Stock Exchange homepage. The turnover of the first three quarters of the year 2006 was 60,2 million LVL, which is 19,7% higher than in this period in the previous year. For this period company increased number of products offered in the market. Also BAL1R expanded by providing 60 more workplaces. These announcements might have positive impact on share prices as they confirm the stable position on the Latvian market. Hence, the increase in the value is expected.
Other firm that announced consolidated financial report this week was Latvijas Kuģniecība (LSC1R). This was the main reason for the change in value by +1.98% this week. The result of the report is positive as unaudited Net Profit for the nine months ended 30 September 2006 is 20.0 million EUR. The Group’s Net Profit for the respective period of 2005 was 16.4 million EUR. At the end of the period Latvijas Kuģniecība unaudited Shareholders’ Equity was 321.9 million EUR, which is the highest level in the history of LSC1R as a private company. Successful performance is caused by development of the Strategic Plan of the LSC1R to ensure high positions in future. As a result, the growth in the share price is probable.
By Nataļja Avramenko
Aleksandrs Graholskis
Juris Rumba
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