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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%
Latvian Stock Market Overview 15/01/2007 – 19/01/2007
The third week of the year showed us changes in both OMX Riga and BALTIXS indices for + 0.76 % and +3.06 % respectively. The turnover of Baltic Main List doubled from 2,017,943.15 EUR to 4,335,302.10 EUR having 423 deals during this week, 5 deals more then the week before. More significant changes in turnover experienced Baltic I-List showing the decrease in turnover for 96 % reducing the number of deals only by 13. All in all, the total turnover during this week decreased from 5,097,481.20 EUR to 4,464,001.63 EUR. During this period, six companies from Baltic Main List experienced increase in share value. The most successful company was Grindeks (GRD1R) with the increase in share price for 3.24%. Two increases and two decreases as well as one unchanged position were noticed in Baltic I-List. The outsider of Baltic I-List was Ditton Pievadķežu Rupnīca (DPK1R) having 5.88 % less value of share in comparison with the previous week.
One of the gainers of the week (+0.88% in share value), JSC Latvijas Kuģniecība (LSC1R) ordered the first of four tanker new builds from Korea’s shipyard Hyundai Mipo Dockyard Co. Ltd. (HMD) on 18 January 2007. In the nearest future LASCO are planning to take the delivery of additional vessels compliant with all EU marine safety requirements and international conventions. This will enable the company to approach its main strategic goal, namely, to retain its position among the world’s top ten handy-size and middle-range tanker owners. Moreover, at the same time this will preserve company’s leading position in the North European market. This coherence with Asian producers of vessels will definitely cause the share value of the company to rise, proving shareholders’ confidence in Latvian Shipping Company.
SAF Tehnika (SAF1) experienced an increase in share price for 0.42% making 11 deals of the total value of 1,733,900.51 EUR. After the decrease in share value at the beginning of January the company recovered and currently is at the same position it was at the end of year 2006. On 17th January SAF Tehnika received an information from East Capital Asset Management AB, saying that on behalf of East Capital Baltic Fund, East Capital Asset Management AB has sold 40 000 SAF Tehnika AS shares. East Capital Asset Management’s holding after the transaction is 116 509 shares while before the transaction its holding was 156 509 shares, representing 5.27% of the voting rights and share capital. It was not stated who bought the shares so there is no possibility to foresee the sequences of this transaction. However, after the information was received, no changes in share value of SAF Tehnika were noticed: stakeholders are not bothered with this transaction.
By Natalja Avramenko
Aleksandrs Graholskis
Juris Rumba
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