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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 26/02/2007 – 02/03/2007
This week was rather interesting in Riga’s stock market’s life. Ten out of eleven companies experienced reduction in their share value from both Baltic Main List and Baltic I-List. The only company that has kept its position is Latvijas Gaze (LZE1R). It is a well known fact that world’s stock markets have now a tendency to decrease in value. There amounts of deals have doubled in both lists and at end of the week were 824 in Baltic Main List and 414 in Baltic I-list. However, the overall turnover has increased only by 6% and was 3,099,868.90 EUR. The loser of this week is Ditton Pievadkezu Rupnica (DPK1R) with 126 deals and 66,636.12 EUR of turnover. To compare, the week before this numbers were 17 deals and 9,512.80 EUR.
The most successful company of this week was Latvijas Gaze (LZE1R). For this period it has had 22 deals, 2 deals more that the week before, and the turnover of 26,406.03 EUR which increased by 202% in comparison with the previous week. On Monday the value of Latvijas Gaze’s shares increased by 0.11 EUR. On Thursday the value decreased and possessed the same level as it had had at the beginning of the week. The price of the shares remained at the same level due to the information about the performance of the company during year 2006. It was said that gas sales volume in 2006 was 1 720 million m3, which is by 3,3% more than in 2005.In its turn according to operative data net turnover of JSC “Latvijas Gāze” in 2006 was LVL 182 millions (EUR 259 millions), which is by 36% more than in 2005. This information made shareholders keep the price at relatively high level and made them be sure in further good performance of Latvijas Gaze.
One of the companies that lost their positions in Riga stock market was Olainfarm (OLF1R). Its shares’ price has decreased from 4.01 EUR to 3.84 EUR. This week Olainfarm released the information that stated that company has invested in extending of the product portfolio and in development of new production facilities. Olainfarm also plans to launch a new competitive production line. Production capacities and sales volumes are expected to continue to grow rapidly. This will strengthen the positions of Olainfarm in western markets. The information is confirmed by several important agreements signed with international cooperation partners last year and similar ones are to come this year. Moreover, net non-audited profit of JSC „Olainfarm“of 2006 was 1.06 million LVL (1.5 million Euro) and the sales have increased by 28% compared to a previous year. Nevertheless, despite the information Olainfarm shares’ value has lowered. As it was already mentioned, all shares tend to decrease in price irrespectively of companies performance. However, shareholders should expect positive changes in share prices due to the company’s ambitious plans.
By Natalja Avramenko
Aleksandrs Graholskis
Juris Rumba
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