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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%
Latvian Stock Market Overview 04/11/2006 – 08/11/2006
This week was rich on changes in both Baltic Main List and Baltic I-List. None of the companies has kept its position during this period. The were four rises and two falls in Baltic Main List and three rises and two falls in Baltic I-List. The overall turnover has increased from 716,457.09 EUR to 1,313,135.40 EUR and from 1,056,579.63EUR to 353,805.60 EUR in Baltic Main List and Baltic I-List respectively. Liepajas Metalurgs(LME1R) with 92 deals and turnover of 61.90.90 EUR was the company whose share value experienced most significant increase. Ventspils Nafta(VNF1R) lost -2.98% in share value becoming the biggest loser. All in all this week ended up with 499 deals, 477,243 EUR securities and 1.666.941.00 EUR showing increase in all these three factors in comparison with previous week.
This week’s leader Liepajas Metalurgs(LME1R) experienced the rise in share price of 5.86% from 2.22 EUR to 2.35 EUR. The value of share was keeping constant for the whole week when on Friday it rocketed up and reached its highest value in this year. The increase occurred after the forecast for the turnover and the profit 2006 publication on 08.12.06. It stated that Liepajas metalurgs turnover this year could be around 195 million LVL (278,6 mil EUR) and profit: of 9 million LVL (12,9 mil EUR)despite the tendency for the product prices to go down and decrease in production volumes connected to the repair and maintenance works. These numbers shows the stable position and future prospective of the firm that will make its prices go up.
Ventspils Nafta(VNF1R), the loser of the week made 86 deals: more than twice as many as last week and had a turnover of 116,765.17 EUR. The share value of the company was fluctuating between 2.30 EUR and 2.35 EUR for three days. Then on Tuesday, the price leveled off at the value of 2.28. No information concerning this company was published during the week in periodicals. This means that Ventspils Nafta tries not to implement any changes after financial report published on 30.11.06. As there were no reasons for the decrease in share value to happen, we assume that it occurred due to some technical. The reasons for continuous decrease in share price cannot be found so prices should recover in the nearest future.
One of the week’s gainers Grindeks(GRD1R) experienced growth in share value of 1.74% and reached the level of 7.00 EUR. Its turnover was 381,528.56 EUR with 28 deals. On 6th of December JSC Grindeks entered into cooperation agreement with the Biomedical Research and Study Centre of Latvia upon cooperation in the fields of research and innovations. Moreover, leading pharmaceutical company in the Baltic States continued to develop manufacturing infrastructure, and on Friday, 8th made a decision upon the investments required for the construction of new manufacturing plant. Implementation of the latest technological devices will enable the company to double its production capacity of finale dosage forms and meet the constantly growing demands for it in Latvia and abroad. This will make the share value increase in the future and bring company’s shareholders bigger profit.
By Nataļja Avramenko
Aleksandrs Graholskis
Juris Rumba
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