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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 20/11/2006-24/11/2006
This week’s total turnover in Lithuanian Stock Exchange market was €10,242,540.58, which is €3,469,195.92 more than previous week. Not only the total turnover increased drastically, the amount of deals were also higher – 4,404 (34% increase, as last week there were 3,283 deals). Overall, during the week stock value of 22 companies rose and 14 went down, which also lead to increase in Vilnius OMX index by 1,19%, up to 444,71. The leaders of increase were Lietuvos energija (LEN1L) and Alita (ALT1L) (both from I-List) with 7.69% and 7.46% increases (respectively) in value. Biggest turnover was achieved by Ūkio bankas (UKB1L) (Main List) reaching 1,790,300.78 EUR. It also achieved highest increase in value (5.94%) among all companies in Baltic Main List. The biggest looser of the week was Gubernija (GUB1L) (I-List) with 13.04% decrease in value.
Lietuvos energija (LEN1L), manufacturer and distributor of electricity, faced 7.69% increase due to the announcement of successful cooperation with Poland in creating new energetics company, which will implement project of Electricity Bridge between Lithuania and Poland. Although foundation documents are still not signed, but it is expected that during next few weeks it will by done. Taking into consideration its’ underestimated assets (such as water-power plant “Kruonis” in Kaunas) it becomes reasonable to expect increase in stocks value in the long run.
Ūkio bankas (UKB1L), the oldest private commercial bank in Lithuania, was attractive to investors due to further expansion. This week the Board of Ūkio bankas approved the proposal of HSH Nordbank AG (Copenhagen) and Raiffaisen Zentralbank Osterreich AG (Vienna) on the extension of the syndicated loan of 38.5 million EUR to Ūkio bankas. Thus, the value of shares in the long run (as well as in the short run) should increase.
The decrease in value of Gubernija (GUB1L), manufacturer of beer and soft drinks, might be explained by its’ difficult situation in the market. Currently their profits are negative and it seems that investors do not believe the situation will change soon. Tough competition between beer producers in Lithuania makes it even more difficult to expect any increase in their stock value. Thus, it is advisable neither to buy these shares nor to hold it.
By Ignas Junevičius
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