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Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / MICEX 0.00% Stocks: VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% / VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% Porfolios: StraterS 0.00% / koncik 0.00% / Laime 0.00% / Life 0.00% / RIX 0.00%
Tallinn Stock Market (TSE) Overview 12/02/07 - 16/02/07
The 7th week of 2007 continues to provide us with the information from the market showing negative correction in Tallinn stock exchange. During the week OMX Tallinn index has decreased by 1.09% - from 993.36 to 982.49. This is also supported by the number of shares that went down overcoming the increased positions. The value of stocks has decreased for 9 companies compared to 5 different shares that increased in value and 3 that stayed at the same level. Overall there were 5,634 deals made and the total turnover of the week amounted to €26,702,593.48.
The biggest fall in price this week was shown by Baltika (BLT1T). With the dramatic decrease of 7.88% on Monday when price has fallen until €23.26 the week ended with the overall change of -5.15%. However, there are no certain reasons for the decrease of the price except the fact that recently all the markets have been going down. Thus, Baltika is just one of the carriages in the whole market train. The further fluctuations of the value of this share will depend on how well all the market performs.
The most demanded stocks this week were those of Olympic Entertainment Group (OEG1T). This is due to the fact that the shares of this company made the biggest turnover of €7,768,462.25 with 1.215 deals. Although the overall result of the week is negative (-1.17%) the stocks have been gaining value since the fall on Monday. The rise may be influenced by an announcement of February 14th claiming that company is taking up actions to increase its market share in Lithuania. To be more exact, subsidiary of OEG received a license for using B-category slot machines the demand for which is growing in this country. The machines of this type have limited stakes and winnings and also do not have possibilities for bonus winnings. Due to positive changes the value of the shares is expected to continue rising; nevertheless, the trend may change its direction as a result of mood of the market which is going down.
Finally, the news from Tallink (TAL1T) provide us with some interesting information. On the February 15th the shares of this company (TAL1T and TAL4T) have been assimilated and now will be sold under a single ticker (TAL1T). Taking this into consideration the sum of the turnovers of Tallink’s different shares makes the second largest number this week as it equals to €7,671,385.14. Such interest in the shares of the company can be explained by its extremely positive performance. According to announcement of February 12th the number of passengers in January comparing this year with 2006 has increased by 122.9%, cargo units 172.9%, and passenger vehicles 84.1%. What is more the company also announced about the increase of share capital which was registered in the Commercial Register on February 12th. The registered share capital of the company is now €430,676,019 and the amount of shares is 673,817,040. According to all this positive information it is quite natural to expect a rise in the stock value when the market recovers.
By Justas Lešinskas
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