Swedbank Equity Weekly: A mild optimism in Tallinn

Photo: TOOMAS HUIK/PM/SCANPIX BALTICS

OMX Tallinn (+0.61% w/w) once again ended the week on a positive note. Although the w/w increase was moderate, OMXT is still posting impressive weekly figures. The Baltic benchmark index rose by 0.75% w/w. 

0. One of the most actively traded stocks during the week was Tallinna Vesi, which published its quarterly report on January 25. Tallinna Vesi’s stock price rose above EUR 10 and ended 2.0% higher w/w. Total generated turnover in TVEAT was EUR 0.52m. Baltika had also a good week, with the stock price rising by 5% w/w. Its sales figures showed a 6% increase in January (y/y). The biggest laggers of the market were Arco Vara (-5.40% w/w) and Trigon Property (-11.83% w/w).

   The week was quiet on NASDAX OMX Riga. Volumes were particularly low on Thursday and Friday. The most actively traded stock this week was Olainfarm. The share continued to move sideways and consolidated the gains from the recent rally. The NASDAQ OMX Riga index finished the week at 400.15, having declined from its closing value of 405.60 the previous Friday.

   The OMX Vilnius index remained almost unchanged at the 373.5 level this week, as turnover was a moderate EUR 1.8m (flat w/w). Much of this turnover, i.e. EUR 0.44m, was traded in Panevėžio statybos trestas (PTR1L), a Lithuanian construction company, including a EUR 0.26m block trade by LHV on Thursday. This resulted in a share price increase of 10.0% w/w. Apranga (APG1L) was the second-most-traded stock by volume, as the company announced a 7.6% y/y increase in turnover in January, down from 21.8% y/y in December. The share price declined slightly (-1.2%) this week. Last but not least, TEO (TEO1L) delivered its Q4 2012 figures, which had a slight negative effect on the share price (-0.7% w/w).