TSE (Tallinn) Market Overviews
Such a successful week like this for Tallinn Stock Exchange Market has not been for about 2 months. With a turnover of 36,121,483 and 2387 deals the value of the TSE increased by 3.14%. As Estonian market showed a positive change second week in a row after a huge permanent drop in whole November, it might be predicted that trend has become bullish and investors’ buying interest is growing. Only 2 companies performed negative results – Arco Vara AS (ARC1T) and Trigon Property Development (TPD1T) which decreased by 4.83% and 1.50% respectively – while other companies stocks either increased or at least remained stable. The biggest winners of the week were Tallinna Kaubamaja (TKM1T) with 9.17% positive change and Eesti Telekom (ETLAT) – 6.21%.
It became usual that Olympic Entertainment Group (OEG1T) is the most liquid stocks of TSE. This week was not the exception as this firm generated the biggest number of turnovers and deals - 14,263,249 and 578 correspondingly. In addition, it demonstrated the increase of 3.88% to 3.75 Euros and was the third company in the winners’ list. Since Olympic Entertainment Group (OEG1T) turned out to be very attractive during the last month in terms of price and the entire situation is quite likely to be upward, investors’ positive attention to this stock should rise as well.
This week‘s winner Tallinna Kaubamaja (TKM1T) showed 9.17% increase in stock price and turnover of 1,731,393 Euros. The enterprise regained investors trust in early December and intact with overall recovery of
Worst performing stock was Arco Vara AS (ARC1T) – a decrease of 4.83% and turnover of 898,821 Euros. The stock lost its popularity after announcement that chairman of the management board resigned. Such news almost always trigger plunge of stock price. However, the change is not permanent and, given the situation in the Estonian real estate market, the price will improve at least to its previous level.
By Justinas Noreika
Ervinas Škikūnas
