VSE (Vilnius) Market Overviews
Lithuanian Stock Market Overview30/01/2006- 03/02/2006
This week in the Lithuanian Stock Market left the red mark in the history as share prices of companies went into a freefall on Thursday. Overall stock values decreased in 39 companies while the only one Gubernija (GUB1L) could boast of 4.03% rise in its share price (ratio of increased/decreased shares – 0.0256). Many firms suffered from massive sell-out of shares because the values of most companies actually lost the touch with the fundamental indexes during the grand rise of Stock Exchange in previous years. Lifosa (LFO1L) demonstrated one of the most significant drops (-13.78%) and the turnover of Lietuvos Telekomas (LTK1L) capitalized at 3,592,998.60 EUR. Throughout the week were 3889 deals made and the value of shares traded reached 11,762,152.62 EUR.
Lietuvos Telekomas (LTK1L) was the outstanding leader of the weekly turnover of 3,592,998.60 EUR. The company was actively trading shares which price, however, lowered by 5.38% from 0.75 EUR to 0.71 EUR. The leader in Internet, data communication and fixed-line telephony markets in Lithuania reported having taken over the Comliet-Kaliningrad. Through its secondary companies it acquired 100% of OOO Comliet-Kaliningrad shares.
Gubernija (GUB1L), one of the oldest Lithuanian brewery, was the survivor of the week since it was the only company that did not sustain the dramatic decrease in its value. On the contrary, it managed to overcome pessimistic minds and raise its stock value by 4.03% from 0.43 EUR to 0.45 EUR; moreover, it made the turnover of 186,932.67 EUR. During the last week of 2005 Vitas Tomkus, the editor of daily newspaper “Respublika“, bought 43.89% of the company‘s shares and recently he have applied to the Competition Council for the rest take of shares and agrees to pay approximately 0.47 EUR per unit.
Lifosa (LFO1L), the first mineral fertilizer producer in Lithuania, possessed by Russian Mineral and Chemical concern EuroChem, showed the second significant fall of 13.78% in its stock value this week. The share price declined from 13.24 EUR per share to 11.24 EUR and the value of shares sold amounted 398,713.71 EUR. 31st January, 2006, Lifosa released its financial results of year 2005, stating the lower sales rate than it was expected. The company forecasts the stable state of sales in the nearest future but anticipates the lower profits as employees’ wages are being increased and the company might incur the bigger cost of raw material from EuroChem.
By Mantas Juknevičius
Sigita Juodeikytė
