Market wrap

  • 2005-06-15
  • Baltic News Service
The pan-Baltic capitalization index, BALTIX, declined 0.33 percent last week to end at 491.99. Among blue chip stocks in the index Tallinna Vesi (Tallinn Water) was the star performer, its stock price jumping 5.58 percent to 11.35 euros.

The biggest loss was registered by Estonia's Baltika garment maker, as its shares plunged 12.34 percent.

Investors' attention on the Tallinn Stock Exchange continued to center on Tallinn Water. This was the first full week of trading for the stock, which rose on demand from large funds, Uhispank broker Peeter Koppel said.

In other news, the stock exchange announced this week that shares in Hansabank would be traded for the last day on June 30 and that it had endorsed listing of the AS Starman cable communication firm (see story on Page 6). "As for the price [Starman] will be vying with Eesti Telekom with its fundamental indexes and also with SAF Tehnika on the Riga stock exchange," Koppel told the Baltic News Service.

Turnover on the Vilnius Stock Exchange reached an impressive 101.3 million litas (29.2 million euros) over the past week, thanks largely to several big deals in Rokiskio Suris shares. The cheese and dairy producer's stock climbed 3 percent to 81.8 litas on turnover of 79.5 million. Much of this turnover came from several block deals, in which 13.74 percent of the dairy company's stock capital changed hands. Part of the deals, however, were annulled due to technical problems on June 9 and were repeated the following day. The real turnover of the shares was therefore lower than that given in the bourse's statistics.