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Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / RTS 0.00% Stocks: AVAZ 0.00% / SCVB 0.00% / SCVA 0.00% / SCRIB 0.00% / SCRIA 0.00% / AVAZ 0.00% / SCVB 0.00% / SCVA 0.00% / SCRIB 0.00% / SCRIA 0.00% Porfolios: pantera 5.38% / Reliance 4.31% / AC 3.55% / Kraujas 3.48% / Vito 3.39%
29/10/2007-02/11/2007
The mood in the most of the world markets continued to be negative this week, especially in the Baltics which are expected to suffer from the overheating in economics by several financial experts. This fact threatened quite many investors and they were willing to hold safer assets than stocks. Consequently, the value of Tallinn Stock Exchange Market decreased by 2.37%. According to Bloomberg Tallinn Stock market had the largest decrease in the october among 90 countries (decrease of 8.86%). During the week only 2 companies managed to increase their price of stock, while 15 experienced falls and 1 company remained stable. The total turnover of the week was 21 835 145 Euros, whereas the number of deals reached 2 341. The biggest winners were OEG1T (Olympic Entertainment Group) and SFGAT (Silvano Fashion Group) which rose by 1.13% and 0.22% respectively. The places of the losers of the week were taken by BLT1T (Baltika) and EEH1T (Eesti Ehitus) – falls of 10% and 8.26%.
The company Baltika (BLT1T) experienced the biggest decline for the third week in a row. With 156 deals and 1 030 228 turnover, its price went down sharply by equally 10% from 5.40 to 4.86 Euros per stock this week. If we took a look for the period of 3 weeks, we would calculate the decrease of 26.14%! The number is shocking and it makes the investors start not to believe in this position any more. However, the company announced the results of sales in October on Friday
. Hence the announcement was made after the closing time of the market. It was said in the report that Baltika’s consolidated net sales increased by 13% compared to October previous year. If this result is good enough for investors, the price will probably go up next week at last.
The biggest winner’s place was taken by OEG1T (Olympic Entertainment Group) again. Moreover, this company had the largest turnover as well of 7 377 345 Euros and was in the second place by accumulating 389 deals. Its value of the stock increased from 5.29 to 5.35 by 1.13%. Although this number is not very high, in the decreasing market this result is more than enough to be appreciated. As far as announcements are concerned, the company informed that they had established a subsidiary in
Quite interesting things happened to the company ARC1T (Arco Vara AS). Firstly, it had the biggest number of deals 427. Furthermore, although this firm experienced the total decrease of 6.37% of the week, the price on Friday rocketed by the whole 5.00% from 1.41 to 1.47. What is more, it accumulated the turnover of 2 700 471 Euros only on Friday, which composed 74% of the week’s turnover (3 664 948 Euros). To make matters stranger, there were no announcements on Thursday or Friday from the company. The only thing which should be mentioned is the recommendation made by Hansabank on Friday to buy this firm’s shares which could have influenced this stock positively. It is obvious that the investors should pay attention to this stock. According to Hansabank equity research, the value of this stock is expected to grow; however, they agree that the investment into ARC1T (Arco Vara AS) shares is high-risky.
By Justinas Noreika
Ervinas Škikūnas |
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