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
2007-12-01 19:55:01
EUR/USD 0.6833
EUR/LVL 1.4278
EUR/LTL 0.2896
EUR/EEK 0.0639
EUR/SEK 0.1070
EUR/RUB 0.0279
Indices: / OMXR 2.16% / OMXV -0.45% / OMXT -0.16% / OMXS30 0.88% / OMXH25 0.97% / RTS 1.82%                     Stocks: YUKO -20.37% / VDG1L -10.14% / VSN1T -6.76% / ACG1V -6.25% / LTT1R -6.19% / VZEN 16.22% / SAF1R 16.10% / GRD1R 14.60% / SMR1R 14.57% / NLB1R 13.00%                     Porfolios: first 0.00% / second 0.00% / third 0.00% / Monstras1 0.00% / Monstras2 0.00%
 

VSE (Vilnius) Market Overviews

12/11/2007-16/11/2007
 
Even after a recovery on Friday, for the fourth week in a row the OMX Vilnius index closes with a negative change which this week was 1.18%. Trading was not exceptionally intensive with 9,491,024.66 EUR total turnover and only 3,523 deals. Of the 16 losers this week the most significant ones were Lietuvos elektrinė (LEL1L) (-7.9%), Gubernija (GUB1L) (-7.1%) and Vilniaus baldai (VBL1L) (-6.6%). There were only 9 winners, but unlike what we have seen for the past month several were traded quite intensively. The biggest increase was achieved by VST (4.05%), followed by the star of the week – Rokiškio sūris (3.1%). However, the market is still not showing many positive signs for the bulls as the most liquid positions keep declining and, except in a few cases where promising news  have been announced, trading is still unpredictable, which makes the Vilnius Stock Exchange unattractive to investors. The growing concerns for overheating economy in the Baltic States add to this mood of the market as well. Meanwhile, LMFA (the association of Lithuanian brokers) suggest suspending trading of the three energy companies, namely Rytų skirstomieji tinklai (RST1L), Vakarų skirstomieji tinklai (VST1L) and Lietuvos energija (LEN1L) due to the recent appearances of unconfirmed information in the media, leading to extreme price movements and misleading the investors.

 

Stocks of Rokiškio sūris (RSU1L) showed one of the most successful performances of the week with increase of 3.10%, big amount of deals of 368, and total turnover of 586,941.41 EUR. There was some promising information published about RSU1L during the week. The company has acquired 50,05% of shares of Latvian company SIA “Jekabpils piena kombinats”. In addition, analytical company “Orion Securities” has researched Rokiškio sūris and claimed that company performing better than expected and most probably this positive tendency will continue. So someone could consider possibility of investing into RSU1L, “Orion Securities” recommends to do it at price of 3.44 EUR per share.

 

The leader in deals this week was Ūkio bankas (UKBL1) and with a record of 799 deals it also had a huge turnover of 1,365,266 EUR: 2nd place in OMX Vilnius. Shares suffered 3.26 % decrease, what is quite a lot comparing with other this index companies if taking into account the amount of trading. Although announced financial results were extremely good, the panic about inflation in Baltic region and decreasing confidence about banks all over the world prevents shares from increase. However, it dropped significantly only in Monday (from 1.24 to 1.21 EUR), what shows that this might be an overestimation in price from last week increase in Friday. During this week it remained almost stable and was closed at 1.20 EUR in Friday, the 16th of November.

 

Lifosa (LFO1L) stayed stable in its stock’s price (closing value was equal to 21,26 EUR) with positive change of only 0.54 %. The LF01L is showing great stability in decreasing tendency of whole Vilnius market. For this week Lifosa had total turnover of 968,931.45 EUR from 273 deals. One should not expect sudden falls of Lifosa stocks, in the beginning of month there was announcement that Lifosa has increased net profits in 5 times over 9 months and probably we could expect that this trend will continue.

 

 

By Aurimas Balsiukas
Kotryna Drąsutytė
Glebs Filipovs