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As the world trend has not gone up recently, Tallinn Stock Exchange Market was not the exception and its index decreased by 1.66% from 641.62 to 630.95 EUR. During the last 3 months there was a drop of 23% in total. Such numbers might scare away quite many investors since there is no news concerning good times coming soon. This week 9 companies showed negative results while 6 firms performed positively and 3 remained stable. The biggest winners were Silvano Fashion Group (SFGAT), Trigon Property Development (TPD1T) and Harju Elekter (HAE1T) with 9.86%, 7.53% and 6.90% respectively. Arco Vara AS (ARC1T) by decreasing 5.88% and Tallink Grupp (TAL1T) by 5.68% were the worst performing companies. The total turnover of Tallinn Stock Exchange Market was 10,616,850 EUR and number of deals reached 1562. Hence it can be stated that the week was not very active.

 

Tallink Grupp (TAL1T) was the most popular company this week in TSE. It had the biggest number of deals – 547 as well as the largest turnover of 4,845,851 EUR which was almost the half of the total market turnover. The reason for such popularity was publication of some news. The company announced resolutions of the Annual General Meeting, changes concerning office, supervisory council resolutions and published Yearbook of the 2006/2007 financial year. However, investors have not kept these news as positive ones; therefore, Tallink Grupp (TAL1T) value declined by 5.68% from 0.88 to 0.83 EUR. Such a low price was reached only in the middle of 2006, when it fell to its bottom. Perhaps it is already the floor again.

 

The biggest winner’s place this week was taken by Silvano Fashion Group (SFGAT). Although there was no news about the company, its value managed to rise by 9.86% from 3.55 to 3.90 with a turnover of 471,445 and 66 deals. Actually, its price was jumping quite a lot during the week, as it can be seen in the Figure1: on Monday it decreased to 3.40 and starting from Wednesday it rocketed up. Thus, we can only guess to which direction it will go in the nearest future. Probably it depends on the whole trend.

 

Although it was almost a tradition for half a year that Olympic Entertainment Group (OEG1T) is the most liquid stock, this week company did not get a high interest from investors. The turnover was 517,643 and it took only fifth place in the TSE. The value decreased by 2.05% from 2.93 to 2.87 EUR. It almost reached its opening price in 2006 October when the demand for this stock was impressive and it followed a considerable rise up to 6 EUR/stock. These good times are over long time ago. Now investors should hardly think whether it is already the end of non-stop declining or it will still continue.

© 2007 SSE Riga Investment Fund