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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 22/01/2007 – 26/01/2007
This week was rather active and successful comparing to the previous one. Both OMX Riga and BALTIX indices experienced the increase of +2,44% and +2,89% respectively. There were no dramatic changes in the turnover of the Baltic Main List as this week it amounted to 4 659 216, 00 EUR (comparing with the previous week turnover of 4 335 302,10 EUR). But the Baltic I-List turnover have doubled during this week and reached 245 350,11 EUR (in comparison with 128 699,52 EUR of the previous week). Overall turnover of the fourth week of the year 2007 has amounted to 4 904 566,11 which is 440 564,48 EUR greater than the previous week turnover. During this period, there were no losers in the Baltic Main List and only one was in the Baltic I-List. The most successful gainer of the week in the Baltic Main List was Grindeks (GRD1R) with the overall increase of +13,23%. The second best gainer was Latvijas Gāze (GZE1R) with only +2,65% change in the share price. The only loser in the Baltic I-List was Valmieras stikla šķiedra (VSS1R) with the slight decrease of –0,42% and the most successful gainer in the I-List was Liepājas Metalurgs (LME1R) with the positive change of +2,90%.
Ventspils Nafta (VNF1R) experienced the lowest increase in the Baltic Main list of +0,83%. But the growth of the share price value is expected in the nearest future because of many reasons. Firstly, this week the Supervisory Board of the joint-stock company Ventspils nafta (VNF1R) agreed on the budget for 2007. Secondly, decided that the will continue to operate in the following main business fields: crude oil and petroleum product storage and transshipment; transport of crude oil and petroleum products by pipelines; printing; sea cargo transport; real estate management and development; publishing. Thirdly, in 2007, JSC Ventspils nafta (VNF1R) and its subsidiaries will keep a sustained development level operating in compliance with plans made by shareholders and reaching the goals set by them. The Supervisory Board of the company claimed that the main task of the holding company of Ventspils nafta (VNF1R) is to increase value of the concern and each separate company furthering successful development of each business field of the concern, as well as managing effectively financial resources and, if necessary, shifting them from business fields, whose capital return is not so high, to fields with a higher capital return. Such optimistic announcement might have a positive influence and the share price and that is the reason of expected growth in the nearest future.
The increase of the share price value of the biggest Latvian pharmaceutical company Grindeks (GRD1R) +13,23% may strike as strange, because there were no any announcements form the January 10th when the competition “Grindeks help your heart” ended. We can suppose that this rapid increase is the result of the changing the Top Management in the very beginning of the year 2007. We also can assume that the growth is interrelated with the strange changing weather. As hard frost began at the end of the week and the inhabitants of Latvia were not ready for such extreme weather conditions the demand on the medicine protecting form cold, cough and flu is expected to grow. This can be the reason of the strengthen position of Grindeks (GRD1R) in the Latvian medicine market and Stock Market. It’s difficult to say what changes can we expect from the Grindeks (GRD1R), so our advice is to be cautious buying the shares of the GRD1R.
By Natalja Avramenko
Aleksandrs Graholskis
Juris Rumba
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