|
Authorization
Lost user data?
|
||||||||||||||||||||||||||||||
|
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 6/11/2006 - 10/11/2006
This week was less active than previous one. The turnover went down almost twice from 3 308 347,86 EUR previous week to 1 655 951,20 EUR this week. Both BALTIX and OMXR indices experienced an increase by 2,86% and 1,36% respectively. The leader in turnover was Grindex (GRD1R) with 608 211,21 EUR and 51 deals and it was one of the most successful week for Ditton pievadķēžu rūpnīca (DPK1R) with +12,82% change in price, none of the other firms experienced the same enormous increase during this period. Latvijas kuģniecība (LSC1R) had the second highest increase in share price only by 3,16%. Share prices of the leader of the past week Ventspils Nafta (VNF1R) declined by –0,41%. Overall, week had ended with 2 rises, 2 falls and one unchanged position in the Baltic Main List and with 3 rises and 2 falls in the Baltic I-List.
Ditton pievadķēžu rūpnīca (DPK1R) is the leader of this week with the greatest growth in share prices by +12,82%. On the 7th of November were announced about changes in Management Board. Member of the Management Board Volda Juhno has been relieved from his duties since 4 November 2006 in connection with his retirement. The news caused an increase in share prices, but prices dropped by slight amount on the last day of the trading week. Share prices are unpredictable at the moment as well as the new member of the board, who will be elected in few days. New member of the Management Board could be successful and lead to the rise of the firm or could not. This again states the unpredictable nature of DPK1R.
Pharmaceutical company Grindeks (GRD1R) was very active this week. The name of the company was mentioned nearly in all Latvian newspapers. Firstly, on previous week the bid of Grindeks for buy out the shares of Tallinn pharmaceutical plant was approved. Tallinn pharmaceutical plant is the subsidiary company of Grindeks since 1998 and currently Grindeks controls 95,0062%. Secondly, firm consolidated financial report (Q3). The sales of Grindeks in the first nine month of 2006 reached 30,71 million Lats, being for 39% more than in the related period in 2005. Amount of net profit in the three quarters of 2006 reached 4,84 million Lats. In comparison to the sales in three quarters of 2005, this year an increase of 39% has been demonstrated. Thirdly, on the 10th of November Grindex awarded 90 000 Ls to adult and young Latvian scientists, and to educational institutions. Despite these activities the prices of Grindex shares experienced the second greatest reduction by -2,20%. Still the rise of the prices is expecting as all this week activities confirm an improvement of the company’s position in the Latvian market.
The leader of the previous week Ventspils Nafta (VNF1R) showed a decrease by –0,41% (from 3,49 EUR to 3.47 EUR this week). It started this weak with a sharp decrease to 3.25 EUR; however then it slowly recovered during all week. Yet there were no evident reasons for this drop. We could try to base this decrease due to the almost doubled activity compared to 03.11.06 to 06.11.06, where it increased to 31 655.74 EUR. Also perhaps this was associated with investor’s hopes of oil products shipment from VITOL. Nevertheless, this week ended with good news for Ventspils Nafta, because it finally received a large transhipment (the largest in its history) from VITOL. It had fulfilled it promise to increase transhipment volume and thus might be very beneficial for the company and act as a signal for investors to buy. Therefore in next week we could expect further price increase in VNF1R.
Share price of beverage producer Latvijas Balzams (BAL1R) fell by -4,56% from 4.39 to 4.19 EUR this week that causes the overall share price reduction in this year. It can be the first case in five years time when the changes in share price in comparison with the previous year could be negative. There are no fundamental reasons that could cause reduction in share price as no new information was issued concerning the company during the last couple of weeks. And as there are no reasons, there could be technical reasons. The consumption of alcoholic beverages is also decreasing now due to seasonal factors so the reduction in share prices could be faced in further weeks.
By Nataļja Avramenko
Aleksandrs Graholskis
Juris Rumba
|
|||||||||||||||||||||||||||||
