Tallinn 10:00-14:00
Riga 10:00-14:00
Vilnius 10:00-14:00
Moscow 09:30-17:45
Stockholm 10:00-18:20
Helsinki 10:00-18:20

All times: GMT +2
2007-12-07 19:55:01
EUR/USD 0.6824
EUR/LVL 1.4347
EUR/LTL 0.2896
EUR/EEK 0.0639
EUR/SEK 0.1065
EUR/RUB 0.0279
Indices: / OMXR -1.86% / OMXV -0.44% / OMXT 0.86% / OMXS30 1.30% / OMXH25 0.72% / RTS 1.18%                     Stocks: RAR1R -15.00% / GUB1L -10.92% / ACG1V -6.67% / VSN1T -6.59% / GZE1R -4.82% / TJT1V 20.00% / FRM1R 8.66% / MEO1V 7.53% / NRE1V 7.53% / ELQAV 7.52%                     Porfolios: NZ2 3.41% / Traumatalogijas slimnica 3.31% / Karlo24 3.04% / Stresa nav3 2.99% / B-PORTFEL 2.86%
 

VSE (Vilnius) Market Overviews

29/10/2007-02/11/2007
 
This was a very short trading week in Vilnius Stock Exchange as due to the celebration of All Saints’ Day Thursday and Friday were non-business days. However, investors were active and the turnover during these three days reached 8,716,394.03 EUR, a total of 2,659 deals, and the OMXV index dropped dramatically by 2.42% to 565.42, despite many companies announcing positive financial results of the third quarter. There were 24 losers, the biggest being Snaigė (SNG1L), Lietuvos energija (LEN1L) and Utenos trikotažas (UTR1L), while of the 10 winners the biggest increases were achieved in positions with very small turnover: Gubernija (GUB1L) and Kauno energija (KNR1L), leaving TEO LT (TEO1L) the only stock which experienced some increase in its value along with a significant turnover. This pessimistic mood in the market could be caused by news of a big investor selling out in Vilnius market and overall warnings about overheating economy, also buyers were cautious during the week while watching the world markets and waiting for news from the US Federal reserve concerning rate cuts.
 
TEO LT (TEO1L) was almost the only stock which increased in price this week, if we take into account only those with at least an average turnover. With an increase of 1.27% (from 0.69 to 0.7 EUR) it had a turnover of 2,585,468.38 EUR, which was the biggest turnover of the market this week. The increase was caused mostly by the announcement that TEO LT made an agreement to buy 100% shares of “Nacionalinė skaitmeninė televizija” (National digital television). The deal must be reviewed by appropriate state institutions, but it really shows serious intentions of TEO LT to take a huge part of digital TV market.
 
Apranga (APG1L) was one of the most traded positions this week, generating a turnover of 1,621,996.34 EUR, the number of deals 306. Even though the company announced good preliminary results on October 30th, the general bearish mood in the market prevented its price of stock from gaining value and it closed at 5.18 EUR, a drop of 4.53% comparing with last week. APG1L has been decreasing for the past month despite the company’s expansive plans and overall good performance, which suggests that this position could be oversold. Aggressive supply of shares of Apranga was provided by one big investor which was pushing the price down, possibly selling out this position from a fund. As the turnover is not decreasing, which means that buyers are strong, we can expect that APG1L price will recover once this massive sell-out is finished.
 
The biggest loser of the week was Snaigė (SNG1L) with an impressive decrease of 14.29% that lowered the stock’s price to 1.91 EUR. The whole turnover for the week was 14,355.71 EUR with a total of 24 deals. Continuous decrease of Snaigė can still be explained by the fact that the company is facing a loss; another reason that influenced the price were the news published in the beginning of the week that Snaigė failed negotiations over the sale to a new investor because of disagreement in price and further development strategy of company. So for now the stock of this company is showing a tendency of decrease.
 
Lietuvos Energija (LEN1L) also showed negative statistics this week. The fall was equal to 13.92% - the closing price reached 1.94 EUR. Total turnover was 377,009.88 EUR with 257 deals. It is rather difficult to explain this decrease – probably it is just continuing of the tendency. On Wednesday’s evening important news were announced – 3 companies (LEN1L is one of them), which will be united in one for building new nuclear plant, were evaluated. The results weren’t very promising for Lietuvos Energija – it was evaluated lower than its current market price – so one should expect negative change in price in the beginning of the week. Also, at the end of the trading week the 9 months unaudited results of operations were announced, showing that the company had made a net profit of 11.3 million EUR, considerably more than last year.

Rytų Skirtomieji Tinklai (RST1L) this week decreased by 4.9% from 1.58 to 1.51 EUR with a turnover of 536,543.76 EUR. This was mainly caused by the downward trend of the whole market; to make matters worse, on Wednesday after the market closed financial reports for three quarters were announced, which showed that Rytų Skirstomieji Tinklai got 32% less profit than last year at the same period, even though they had a bigger revenue for this year (193.8 million EUR, 13.8% percent more). The decrease in profit is mainly caused by the increased cost of electricity because of prolonged repair of Ignalina Nuclear Power Plant. Meanwhile, the state made a decision of increasing the cap of electricity prices which could affect the price to the positive side, but the probability that it will increase is very low, given the decreased profit and the news that in preparation for the building of a new nuclear plant an evaluation of the company has been provided to the public, where Rytų Skirstomieji Tinklai was assigned a value lower than its current market price.
 
By Aurimas Balsiukas
Kotryna Drąsutytė
Glebs Filipovs