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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 15/01/2007-19/01/2007
This week’s total turnover in Lithuanian Stock Exchange market was €39,476,234.84 (with €32,131,207.81 coming from Main List), which is €12,084,587.99 less than previous week. However it should be made clear that previous week was mainly driven by huge deals with Mažeikių nafta stock from I-List and this week it is Main List that gets most of the investor attention. Overall, during the week stock value of 30 companies rose and 8 went down. The leader of increase (in Main List) was Vilniaus baldai (VBL1L) with 10.82% increase in value and 459,928.11 EUR turnovers. Panevėžio statybos trestas (PTR1L) (Baltic Main List) was one of the leader in both increase and turnover of the week with 7.89% increase in value and 5,275,161,66 EUR turnover. Biggest looser of the week was Alytaus tekstilė (ATK1L) (Baltic I-List) with 7.69% decrease in value (down to €0.03). The overall OMX Vilnius index rose by 1.32% up to 510.66
Alytaus tekstilė (ATK1L), one of the largest producers of cotton and mixed fiber fabrics in the Baltic States, is undergoing difficult times. Huge pressure from Asia producers and difficult financial situation makes its life very complicated, thus it is very unclear whether the company will succeed in maintaining its production and not declaring the bankrupt. As Government’s attempt to help this company gave only slight improvement in its situation it is unreasonable to believe that Government will continue to donate huge amounts of money without any positive results. We strongly discourage from buying these shares as level of risk is way too high.
Sanitas (SAN1L), biggest generic medicine producing company in the Baltics, experienced an increase in its stock value of 6.7 % to 4.47 € with a turnover of 16897383.69 € (previous week its stock value increased by 3.8 %). The main reason of this rise is that a company Jelfa, controlled by Sanitas in Poland, was allowed to continue the sales of medicine “Corhydron”. Also, the company reached the edited aims in 2006. But we do not recommend to buy these shares, as the company’s brand in the market has not recovered yet.
Panevėžio statybos trestas (PTR1L) had quite a big turnover of 18214078.1 € last week. People buy these shares, as they have free money after having sold Mažeikių nafta (MNF1L) shares. The value of the stock increased by 7.89 % (more than previous week) to 4.95 € . These shares are popular among people due to quick expansion of the building sector, important investment funds investing to this position as well as having orders for two years ahead.
By Ramunė Rimgailaitė
Ignas Junevičius
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