TSE (Tallinn) Market Overviews
Estonian Stock Market Overview07/11/2005-11/11/2005
This week’s total turnover in Tallinn Stock Exchange market was €5,272,104.30, which is €1,777,335.12 less than previous week. Tallinn OMX index decreased by 0.06% during this period from 677.38 to 676.97. The biggest changes in stock value were shown by AS Baltika (BLT1T) – 11.64% increase in value of shares, AS Klementi (KLEAT) – 23.53% increase in value of shares, and AS Kalev (KLV1T). Overall, the stock value of 5 companies went up, however for 6 companies it decreased.
AS Baltika (BLT1T) this week made the greatest number of deals – 238, and its shares rose by 11.64% in price. This is mainly caused by the announcement of the sales by AS Baltika in October. It showed that the net increase by 21% compared to last year. Retail sales grew by 27% and wholesale sales grew 31%. Having in mind the results of this announcement and remembering the AS Baltika financial results for 9 months, which were posted on 21st of October, it is very likely that the value of shares will keep rising during the next week.
Once again AS Tallinna Vesi (TVEAT) made the largest turnover of €2,597,917.37 during the week, though the value of shares has decreased by relatively small percentage- 0.14%, from €13.86 to €13.85. The shares of the exclusive supplier of drinking water and sewerage services in the main service area in Tallinn this week has still been fluctuating around €13.85, though on Friday separately the value increased by 0.73%. This increase may lead to positive changes during the next week, as the company’s situation according to financial results for 3rd quarter.
The hugest fall in shares value in the Baltic Main List was made by AS Tallinna Kaubamaja (TKM1T) – 5.70% from €23.50 to €21.69. The company has recently published the third quarter financial results, which showed that the consolidated unaudited net sales of Tallinna Kaubamaja Group for the 9 months of 2005 were 122.2 million euros. Compared to the last year’s result the net sales increased by 36 per cent. Though the company expanded the selling area of Tallinn Kaubamaja and will open a new department shop in Tartu, the net profit has decreased from €2,748.00 to €4,150.00 and that did not pleased the shareholders. If the company will show that the investment was worth it, the value of shares should increase in the nearest future.
By Ramojus Gineika
