TSE (Tallinn) Market Overviews
Estonian Stock Market Overview23/01/2006-27/01/2006
It seems that despite the air is getting warmer, the frost is still keeping the Estonian market. This week’s turnover is even smaller than the previous one – €12,138,969.33. Moreover, OMX Tallinn index decreased marginally by 0.5% from 660.56 to 657.25. This is mainly due to the fact that 6 out of 9 companies from the main list experienced decreases in their prices of shares. What is even more, 5 out of 6 companies from the I-list were upset with their share prices rolling down. Once again the greatest turnover as well as the highest number of deals made was reached by AS Tallink Grupp (TAL1T) - €2,345,185.74 in 350 deals.
Although last week AS Starman (SMN1T) was one of the luckiest companies having the biggest increase in its share price of 2.11%, this week the situation changed completely – the company experienced the top decrease among the Estonian companies from the main list – 2.58% from €3.82 to €3.78. It seems now that the courting process for this company will not gain popularity and attractiveness among the investors as long as there is an uncertainty about the prices of the services that AS Starman provides.
The top increase of the share price was made by AS Tallinna Kaubamaja (TKM1T). However, this increase is marginal and amounts only 0.46%. Nevertheless, during the start of year 2006 this company had a decrease of the share value of 4.02% so it is not hard to guess that the share value should be fluctuating at least until the financial report for December is released or even the report for the whole year 2005.
AS Tallinna Farmaatsiatehas (TFA1T) was the unluckiest Estonian company this week having the tiniest number of deals made (1) and the biggest fall of share value – 7.69% from €3.90 per share to €3.60 per share. The only producer of medications in Estonia has experienced great fluctuations in its share price during the 6 month period. One of the factors that caused this is negative results from the last financial statement. Following this result, it is also expected that the overall report for the year 2005 will not be very attractive for investors.
By Ramojus Gineika
