After rallying the previous two weeks the Lithuanian market had a strong correction last week, mostly due to the fall in Vilniaus Banka's share price.
Trading on the Estonian market was anemically thin, and a hint of uncharacteristic optimism appeared among Latvian traders.
Even if the Baltic bourses decided to merge today the action would unlikely impress anyone. A united Baltic market would have a daily turnvoer of just $1.3 million and its market capitalization would not even hit $2 billion. These figures are unimpressive not only on the world scale but on the Eastern European scale as well.
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