TSE (Tallinn) Market Overviews

This week Tallinn stock market continued to show negative moods. With almost no significant inner information Tallinn market is mostly influenced by the US marked, where situation slightly improved by the end of the week. This helped OMX Tallinn to level-off its decrease at -3.03%. The turnover as usually was around 20 million euros (19,559,569). The only rising stocks were Olympic Entertainment Group (OEG1T), and Ekspress Grupp (EEG1T): 2.15% and 1.06% respectively. Those who dropped the most: Merko Ehitus (MKO1T), AS Viisnurk (VNS1T), and Trigon Property Development (TPD1T), -20.49%, -11.87%., -7.77%. If not the high turnover of the best performing stocks, the OMX Tallinn would have been dragged down even more.

The worst stock this week – Merko Ehitus (MKO1T). The price went from 16.98 to 14.50 Euros. This company looked promising, but the financial results for 9 months were lower than the expectations. From July this stock has fallen by more than 40%. Nevertheless, this company remains strong in the Baltic market and it is worth to have this position in mind when deciding where to invest.

The biggest winner’s place was taken by Olympic Entertainment Group (OEG1T). At last this stock succeeded to recover slightly for the first time this week after negative operating profit results announced half a month ago. Its price has demonstrated an increase of 2.15% from 3.72 to 3.80 Euros. Olympic Entertainment Group (OEG1T) was also a leader in TSE according to all other parameters: the largest turnover – 5,776,615 and the biggest number of deals as well – 474. On Monday the company has announced that a new casino in Ukraine was opened. Therefore, investors should take it into account whether they are thinking about the future benefits.

Ekspress Grupp (EEG1T) was the second and the last firm which showed a positive change in the Tallinn stock market. With 137,860 turnover and 55 deals its value rose by 1.06% to 4.75 Euros. Some developmental news was published during this week - a business information line called TeleTell was launched in Romania by AS Ekspress Hotline which is the part of the Ekspress Group. However, this news did not admire the investors, because the next day (Friday) only 2 deals were done and the price even decreased. It seems that the whole situation in all the Baltics is quite tense. Hopefully the world trading trend will continue to be positive (like it was in the most days of this week) without hearing any bad news. That way it will probably shift up the negative mood which lasts for more than one month in the Baltics.

By Justinas Noreika