TSE (Tallinn) Market Overviews

Estonian Stock Market Overview
13/02/2006-17/02/2006

This week’s turnover was not as good as previous in Estonia: €16,120,873.34. Nevertheless, Tallinn OMX index increased by 6.70% reaching 659.65. This was mainly due to the stock price changes in the Baltic main list: 5 prices went up, whereas 3 felt down and one was inactive. Completely different picture was in the Baltic I-list, where 3 companies experienced decreases in their share price. AS Baltika (BLT1T) was happy this weak with the greatest increase in their share price – 10.70% from €13.67 to €15.10, and greatest number of deals made - 360. There were 1136 deals made this week. Once again the greatest turnover was made by AS Tallink Grupp (TAL1T) – €6,847,500.39. The biggest fall in the share value occurred to AS Kalev (KLV1T). The prices of shares for this company decreased by 6.50%.

AS Baltika (BLT1T) has not only changed the name of CHR|Evermen to Mosaic but also managed to conclude the largest number of deals and reach the greatest increase in its share price – 10.5%. This led the company to be the top Estonian company this week. Moreover, the prices of shares are expected to rise even more, at least until the final results of the company for 2005 are announced.

The second best increase in the shares price was reached by AS Tallinna Kaubamaja (TKM1T). The group of supermarkets and hypermarkets was happy to announce 6.63% increase in its share price: form €20.34 to €21.70. The greatest increase was reached during Thursday, when the financial results for 12 months and for Q4 were published, and Friday. The company managed to gain 5.9 million Euros of consolidated profit and increased its selling area by approximately 30% during 12 month period and showed even better results in the Q4. Thus, the shares of this company are expected to continue rising.

The biggest decrease in the main list made investors of AS Merko Ehitus (MKO1T), Estonian construction company, not so happy this week. The price of shares went down by 3.13% from €17.60 to €17.00. This decrease followed the trend that AS Merko Ehitus has been experiencing from the middle of October, 2005. If the company does not show good financial results for 2005, it is very likely that the prices of shares will continue declining even more.



By Ramojus Gineika