TSE (Tallinn) Market Overviews
Estonian Stock Market Overview16/01/2006-21/01/2006
This week’s biting frost congealed the trade on Tallinn Stock Market, decreasing the overall turnover to €13,177,050.45, which is more than 1.5 times smaller than the previous week’s result. Following the air temperature, six of the Main List companies’ stock went down, and only two gained in value this week. As a consequence, OMX Tallinn index fell by 1.24% from 668.87 to 660.56, almost the same as in the previous week. It has already become a tradition that the leader according to the turnover and the number of deals is AS Tallink Grupp (TAL1T), and this week is not an exception. In the I-list it is quite symmetrical – the values of two stocks increased, two decreased, and two remained the same.
AS Starman (SMN1T), Estonia’s largest cable telecommunication company, experienced the biggest stock value rise from the Main List this week -2.11%, although the turnover was not very large: €31,914.26. On Monday, January 16, Starman legally challenged the intention of AS Elion to raise the price for the usage of its cable ducts. In 2005, the respective expenditures amounted ca €500,000, and if the tendency of price increase continues, it may have a negative effect on the company’s investing activities, and hence adversely influence the stock value in the future.
It would be strange not to mention AS Tallink Grupp (TAL1T), which made the largest turnover of €8,882,204.93 as a result of 591 deals with 1,967,679 securities, which is one million euro bigger than the previous week. This Thursday was one of the rare days when the stock of AS Tallink group went up, increasing by 1.1%, but this did not prevent the stock value from falling by 2.33% to €4.61 over the week. Inspiring news for the shareholders might be the fact that this week an analysis by Suprema bank predicted a €5.50 goal price for Tallink over the next 12-18 months, and later AS Hansapank repeated its €5 prognosis.
Baltic I-list trade was quite inactive this week, indicating that the total turnover of €220,390.20 – almost halved since the previous week. AS Klementi (KLEAT) was surely quite unhappy to see its shares fall by 4.76%, which is a dramatic change, bearing in mind almost 10% previous week’s increase. Over the last month, the company’s stock value has mostly been increasing, but such strong fluctuations as observed lately were typical for Klementi in the second half of 2005, and are quite often seen in the I-list.
By Andrii Shekhirev
Linas Liktorius
