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Indices: / OMXR 1.07% / OMXV 0.98% / OMXT -2.15% / OMXS30 -3.42% / OMXH25 -3.62% / MICEX -3.14% Stocks: ALT1L -14.29% / SAF1R -11.90% / RSU1L -11.11% / NDA1V -10.93% / ARC1T -10.00% / EWY 18.79% / TUR 17.49% / FXI 15.60% / SLX 14.73% / RST1L 14.63% Porfolios: fanfan 10.78% / A3 9.82% / Gold lump 8.54% / ETFs 8.26% / Quantum Fund 8.21%
Lithuanian Stock Market Overview 26/02/2007-02/03/2007
Companies in Lithuanian Stock Market have shown negative results during this week. The OMX market index decreased by 5.54 % to 485.14 this week. However situation in Estonia was even worse, as OMX market index decreased by 9.28 % there. That happened, because there appeared several announcements in Estonian market that prices of real estate are too big and, as a result, people sold stocks of biggest real estate companies. In Latvia the situation is also quite bad – due to expectations of the Lats devaluation, the price of stocks is decreasing. Foreign investors feel that devaluation might happen not only in Latvia, but also and in other countries, so go out from the Baltic’s market. In Vilnius Stock Market there were 4 rises in the stock value versus 36 falls. The total turnover reached 25 251 579.73 € and the number of deals reached 7400. Both numbers are approximately bigger than previous week, just previous week there were less falls in the stock market. The biggest turnovers were achieved by these companies: Apranga (APG1L), Šiaulių bankas (SAB1L), Ūkio bankas and TEO LT (TEO1L). The whole Lithuanian market can be understood well by analyzing these companies.
Apranga (APG1L), Lithuanian clothes trading company, experienced a decrease of 6.46 % in its stock price to 4.36 € this week with a turnover of 2428409.67 €. The stock price continues decreasing from the previous week. The company has bigger profits than they are prognosed and is going to expand even to other countries than the Baltics. 12 new shops are going to be opened in the following 45 days. The company does really well, just its good news are not able to counterbalance negative all market’s tendencies. When the market will recover, the increase in stock price will increase as much as now it has decreased.
The stock price of TEO LT (TEO1L), Lithuanian Telecom Company, has decreased by 8.33 % to 0.76 € this week. Previous week it decreased only by 0.01 €. The company generated the biggest turnover of the week of 6466634.39 €. The company is stable, doesn’t have any debts, but probably due to Lat devaluation foreign investors are going out from Baltic’s market. People buy these stocks even if the price is decreasing, because the probability that the price will decrease to a lower level than now is minimal and big dividends will still be received.
The stock price of Šiaulių bankas (SAB1L) has also decreased by 2.15 % to 1.18 €. Differently from the other two companies the price of its stock was increasing previous week. The bank is going to provide people with new stock emission with a smaller price than in the market. The company is going to increase it capital even from its own money. Before the board meeting on the 29th of March, people, who already have some stocks of the company, should be even more interested in these shares in order to get stock from new emission. That should increase the price of the shares, but usually these laws usually don’t prove for the company. The profit, as planned, has increased three times. Just now the negative market’s tendencies influence the market more than positive bank’s results.
By Ramunė Rimgailaitė
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