VSE (Vilnius) Market Overviews
Lithuanian Stock Market Overview07/11/2005- 11/11/2005
Companies in the Lithuanian market have shown positive results during the recent week as there were 19 rises in the stock value versus 16 falls. The amount of deals totaled 3,650 and the overall turnover reached 10,622,541.52 EUR. Ūkio bankas (UKB1L) was noticeable again with the biggest weekly turnover of 2,609,784.34 EUR and the most significant drop of 10.58% in the share value. What is more, AB Linas (LNS1L) distinguished itself with the greatest increase of 22.30% in its stock.
Ūkio bankas (UKB1L) became the leader of the week as it made the biggest turnover of 2,609,784.34 EUR and 712 deals. As we can recall, this company was also the first in terms of circulation and even experienced a growth in share price during the previous week (31/10/2005- 06/11/2005). However, this week it suffered from the biggest weekly decreasce: the share price has lowered by 10.58% from 8.49 EUR to 7.59 EUR. As a matter of fact there is still a huge demand of shares which influences so many deals.
Linas (LNS1L), one of the biggest manufacturers of linen products and the exporter in Lithuania and the Baltics, presented amazing results of the biggest weekly increase in value change. The share price rose by 22.30% from 0.40 EUR to 0.49 EUR. The company still hasn’t announced consolidated returns; therefore, customers are expecting the positive results and buy shares. Moreover, the company has rearranged its structure recently as well as outsourced some of their activities to the secondary companies in order to have a greater tendency to growth.
Panevėžio Statybos Trestas (PTR1L), Construction Company, was the second (after Linas) observable company that demonstrated a considerable stock rate increase in Lithuanian market this week. Its stock value climbed by 10.89% from 2.93 EUR to 3.24 EUR. Beside that, the record boom in construction sector predetermined a profit of PST 2.343M EUR during 9 months of 2005 (4.4 times more than in the same time in 2004). There was also announced (2005 11 07, Andrius Adomkus, VŽ (8p.), Mano investicija) that Panevėžio Statybos Trestas group revenues for those 9 months reached 38.9M EUR and compared with the same period of the last year has increased by 33.2%.
By Mantas Juknevičius
Sigita Juodeikytė
Roberta Rudukaitė
Inga Šimaitė
