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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%
Lithuanian Stock Market Overview 01/01/2007-06/01/2007
Companies in Lithuanian market have shown extremely good results during this week as there were 31 rises in the stock value versus 7 falls. This shows that after the celebrations there are much money in the market. Vilnius stock market is different from all other European markets, as it does not react to the fall in the oil price of 5 %. Even more money in the market is expected after the official suggestion to buy Mažeikių nafta (MNF1L) shares. The OMX Vilnius market index increased by 2.45 % from 492.65 to 504.7. The amount of deals totaled 2578 and the overall turnover reached 14713019.52 € (5915135.19 € more than the previous week). Ūkio bankas (UKB1L) was noticeable with the biggest weekly turnover of 7166024.62 € and number of deals of 738. Lifosa (LFO1L) distinguished itself with the greatest increase in value of 19.58 % in its stock.
TEO LT (TEO1L), Lithuanian telecom company, became one of the leaders of the week with its big turnover of 6996524.46 €. Its stock value increased by 4.35 % to 0.84 €. One of its reasons is that buyers expect dividends for the previous year. Also it shows that TEO LT attracts foreign investors. Therefore, after the official suggestion to buy Mažeikių nafta (MNF1L) shares, which ends on the 15th of January, shares of TEO LT should become even more popular.
Lifosa (LFO1L), first chemistry and mineral fertilizer factory in Lithuania, experienced an incredibly huge increase in its stock value of even 19.58 % to 7.73 €. It happened, as during the period from January 2006 to November 2006 its sales revenue were 17373 € more than in the previous year. Probably, that’s due to speculators who see that the market is increasing and want to become better off by buying shares, which have already been a bit forgotten by investors. Chemistry industry has smaller profits than in the previous year due to increased gas prices, lack of some materials and decreased selling prices, so speculators behavior is illogical unless they know something about the company that none knows.
Panevėžio statybos trestas (PTR1L), one of the biggest construction companies in Lithuania, experienced an increase in its stock value of 2.65 % to 4.6 € this week. Three Poland investing funds have been noticed to buy these shares. The building materials are expected to increase in price as well as wages for employees, so these news aren’t good for the company. This year its profits should decrease.
By Ramune Rimgailaite
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