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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: fanfan 10.78% / A3 9.82% / Gold lump 8.54% / ETFs 8.26% / Quantum Fund 8.21%
Lithuanian Stock Market Overview 11/12/2006-15/12/2006
This week Vilnius Stock Exchange market was noticed with the biggest total turnover in its history of 1.141.134.258,98 EUR. Mainly, this was due to the successful trade of Mazeikiu Nafta (MNF1L) when 84,36% of shares were bought by the Polish oil company PKN Orlen S.A.. Overall, the jobbing was very active and companies have shown positive results in the market as the rate of rises and falls in stock value was 25/9. Thus, Vilnius OMX index increased by 1,32%. The greatest growth in stock value (+18,32%) in Baltic Main List of Lithuanian companies was shown by Rokiskio Suris (RSU1L). What is more, Ukio Bankas (UKB1L) experienced the biggest amount of deals – 893. Furthermore, Kauno Tiekimas (KTK1L) and Zemaitijos Pienas (ZMP1L) were noticed with the highest stock values in Baltic I-List – 41,79% and 18,68% respectively.
This week PKN Orlen S.A. finally purchased 84,36% of shares of Lithuanian oil refining and transportation company Mazeikiu Nafta (MNF1L). 53,7% was sold by Yukos International UK and 30,66% by the Lithuanian government. Overall, the deal totaled 2343,9 millions USD and could be called very successful because the Polish company offered very high price – 2,96 EUR per one share. Moreover, the deal was made on Thursday but money was transacted on Friday. Therefore, due to the increase in value of USD by 0,22%, the deal brought in extra revenue for Lithuania of approximately 5 million LTL. Now PKN Orlen S. A. is going to buy in all residual shares in the market for the same price. According to the fact that the stock value has not still reached this price, it is expected that the price of shares will increase during the period of procurement.
The leader of the Main List according to increase in value, was Rokiškio Sūris (RSU1L) whose shares’ price rose by 18.32%, from 13.93 EUR to 16.28 EUR. The number of deals totaled 114 and the turnover was 381488.59EUR, what is 1291492.61EUR smaller than previous week. Such big increase could have been resulted by draft resolutions of Shareholder General Meeting announced on the 11th of December 2006. It was stated, that company wants to decrease its capital and purchase up to 10% of its own shares, minimum price being 2.90EUR (10 LTL) and maximum 33.59EUR (116 LTL) and resolution’s term of validity lasting 18 months. Since the share of this company, which is the biggest cheese manufacturer throughout the Baltic states, increased a lot, one could predict that it will continue rising because of bigger attention from the investors.
Ūkio bankas (UKB1L) had the biggest amount of deals in the Main List equal to 893, which is still 528 smaller than the previous week. Despite still big investors’ interest, the value of this share decreased by 0.77%, from 1.14 EUR to 1.13 EUR. Turnover was 2291591.23 EUR what is 2160058.04 EUR smaller than previous week. Since no news which could discourage investors were published one could make an assumption that the decrease in value, in turnover or in the number of deals is because people choose to invest in other, currently more active shares, such as ones of diary products or oil companies. Despite that there is no actual base why the value of these shares should decrease, expectations of huge rises should be even less possible.
By Saulius Nižinskas
Justas Grigalauskas
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