VSE (Vilnius) Market Overviews
Lithuanian Stock Market Overview28/11/2005- 02/12/2005
This week brought even bigger decrease in Lithuanian Stock Market as 23 companies experienced their stock value decline while only 15 companies managed to increase this value. Thus in comparison with the turnover of previous week the total turnover of Lithuanian Market dropped off by 22. 95%. Recently it reached 5,736,062.25 EUR. However, the total amount of deals made this week over passed 3,255 and got to 3,283. The leader overall was Mažeikių nafta (MNF1L) with the biggest turnover and deals made. This week Linas (LNS1L) Company had the largest plummet in its stock value by 24.67%.
Mažeikių nafta (MNF1L) once again arose as a leader of this week’s Lithuanian Stock Market. Although, the company contained a turnover of 1,283,363.31 EUR and made 695 deals, there was a negative stock value change by 10%. The price of shares decreased from 3.16 EUR to 2.74 EUR. During this week it was suspected that Mažeikių nafta might have used its influence on market in order to put different prices of fuel for Lithuanian, Latvian and Estonian consumers. Thus the company saved 2,89 mll EUR for possible fains of this offence.
Linas (LNS1L), the largest linen textiles producer and exporter in Lithuania and the Baltic States, reached the turnover of 191,726.98 EUR. Lately the firm has made 231 deals. As there was mentioned before, it faced with the biggest decrease of its shares value in the Lithuanian Stock Market. It diminished from 0.45 EUR to 0.31 EUR. The company lost the support of its investors when projects of real estate were sold at a market price, which probably did not give any positive flow.
Vilniaus Vingis (VNG1L), one of the largest designers and producers of electronic components in Europe, made only 24 deals and a 36,472.33 EUR turnover this week. Since its price of shares went up from 1.09 EUR to 1.16 EUR, the company experienced an increase of value by 6.67%. At the beginning of this year the Board of the company approved the plans to sell production and perform services for no less than 36.78 mills EUR and to earn 1.01 mill EUR profit before taxes in 2005. Due to the stagnation in the European TV tubes market the company will not be able to reach planed targets.
By Mantas Juknevičius
Sigita Juodeikytė
Roberta Rudukaitė
Inga Šimaitė
