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On the other hand, if Latvijas Gaze's strong performance had been included in the Riga indexes, it would have pulled the market for a gain for the week, and the Riga bourse would have stood out from its neighbors in terms of volume.
Estonia's lead in terms of turnover and performance narrowed last week. Average daily turnover dropped by half last week, with liquid shares leading the decline.
Turnover volume on the Lithuanian National Stock Exchange nearly closed the gap with the Tallinn exchange. This was due to a change in direction regarding the merger of Vilniaus and Hermis banks. News that Vilniaus had abandoned its takeover attempt of Hermis caused trading in both shares to jump.
Estonia's Hansapank sold, through the bourse, the controlling stake in the Panyevezys construction company PST, also contributing to higher turnover.