TSE (Tallinn) Market Overviews
Estonian Stock Market Overview09/01/2006-13/01/2006
It is clear now that the season of festivities is over and active trade began. This week the turnover of €20,144,488.81 was made in Estonian stock market, which is almost doubled number of the previous week’s turnover. Once again the greatest part of it was made by AS Tallink Grupp (TAL1T) - €7,810,930.34 as well as the hugest number o deals agreed – 707 out of 1726. However, this week’s overall result of share trading is not very satisfying as OMX Tallinn index declined by 1.23% from 677.19 to 668.87. This is mainly because five companies this week from the main list had a fall in the value of shares and only two had increases. In contrast to this, five companies from Baltic I-list were happy about their share prices going up, and only one was unhappy to see its share price falling.
AS Baltika (BLT1T) this week experienced the greatest increase among Estonian companies in the main list – the share price went up by 1.23% to €13.15 per share. It seems that this company is still thought to be a good investment as during the year 2005 its shares value increased by 598.92%, and during the first half of January, 2006 it has already increased by 1.89%. However it is not only overemphasis of a company. Perhaps the main reason is a very positive report on sales of December, 2005. It is reasonable to say that with a run like this the company should present an impressive report of year 2005, so the share value would go even higher.
AS Tallink Grupp (TAL1T), a well known provider of high-quality mini-cruise and passenger transport services in the Northern Baltic Sea region as well as a leading provider of ro-ro cargo services on selected routes, is not as lucky in the cruise in the Tallinn stock market sea, as this week this company has not only made about a third of the total turnover and the highest number of deals, but also its shares decreased by 3.67%. The market is still adjusting the price, but we can expect a raise in the long run.
Baltic I-list surely deserves one paragraph not only for AS Kalev (KLV1T), which had 8.87% raise in shares price, but also for AS Klementi (KLEAT) which is even more lucky with making 142 deals and having an increase of 9.57%. During the year 2006 the company managed to attract the investors and increased its shares price by 12.50%. Mostly this is because AS Klementi has not yet posted the results for the last quarter as well as for the year 2006 and people expects that the price afterwards will go even higher which makes this a very attractive investment.
By Ramojus Gineika
