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Prices up on the Baltic bourses

Aug 19, 1999

Last week prices of most liquid shares climbed, but with low trading volumes it is difficult to call this a turnaround. Average daily turnover on the most liquid of the three Baltic bourses - the Tallinn Stock Exchange - has been hovering around $1 million for some time. Turnover on the Riga Stock Exchange remains lethargic. Last week's average daily turnover was just $40,000. Even $2 million in trading of government T-bills did not change the impression of critically low activity on the market. ...

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