Estonian stock market sees EUR 4.5 mln block trade in Tallink

Tallink saatis Tallinna-Helsingi liinile uue reisilaeva Silja Europa

PHOTO: Liis Treimann

 A block transaction of 4.5 million euros with shares of the listed shipper Tallink at one euro apiece was concluded on the Tallinn stock exchange Friday as Estonian shares in general moved higher.

The index, OMXT, rose 1.92 percent to 801.23 points and 272 trades produced a turnover of 5.9 million euros.

"Next week the Tallink share will apparently rise near one euro also in ordinary trading on the news of this block of one euro per share," LHV Pank trader Ragnar Plees told BNS.

"There was a block transaction in Nordecon and relatively many trades in Arco Vara," he added.

On Dec. 13 Tallink informed the stock exchange that Baltic Cruises Holding L.P. had acquired 105,961,960 Tallink shares or 15.73 percent of the equity at 1.1 euros a share. In December the major shareholders of Tallink changed the statutes of association in such way that transactions exceeding five million euros and going beyond regular economic activity must get the approval of three quarters of the members of the supervisory board.

The stock of Tallink Grupp finished 4.84 percent higher at 0.975 euros with 106 trades transacted and a turnover of 5.5 million euros.

Nordecon firmed 0.86 percent to 1.17 euros in two transactions worth 117,644 euros.

Main indexes of the securities quoted on the Tallinn stock exchange on Friday and changes from Thursday were as follows:

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NameClosing priceChange, pctAvg priceNo of tradesTurnover
Arco Vara1.20013.211.1162513 590.75
Baltika0.759-0.910.74992 679.73
Ekspress Grupp1.0600.001.062114 582.85
Harju Elekter2.6300.002.6391119 504.13
Merko Ehitus6.6802.776.6102138 035.95
Nordecon1.1700.861.1702117 643.50
Olympic Entertainment Group1.9200.521.9102747 323.25
Premia Foods0.6350.950.630611 742.57
Silvano Fashion Group2.6400.002.6381723 083.80
Skano Group1.1900.000.00000.00
Tallink Grupp0.9754.840.9461065 548 476.63
Tallinna Kaubamaja6.0600.336.0261924 435.34
Tallinna Vesi10.2000.0010.2011419 156.60
Pro Kapital Grupp2.2500.002.21933 107.00
Trigon Property Development0.288-0.350.288186.40