It is interesting to compare in this light the stocks that will be
included on the Baltic List as of the new year. The total weekly
turnover of Balta, Unibanka, Ventspils Nafta and Latvijas Gaze
totaled about $177,000. Meanwhile the turnover of Eesti Telekom,
Hansabank, Norma, Uhispank and Optiva Bank totaled more than $8
million.
So, the turnover of the Estonian portion of the Baltic List is 45
times higher than the Latvian portion. It is already clear that the
Lithuanian part of the Baltic List, which includes Kalnapilis
brewery, Rokiskio Suris dairy, Utenos Trikotazas knitwear factory,
Vilniaus Bankas and possibly refrigerator maker Snaige shares, also
will not come close to the turnover of the Estonian securities.
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