Market Overview: NASDAQ OMX Tallinn (2011, wk.14)

8/7/2019 Market Overview: NASDAQ OMX Tallinn (2011, wk.14)

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Market Overview: NASDAQ OMX Tallinn 2011, wk. 14

Highlights:

During the 14th week the index NASDAQ OMX Tallinn kept falling,plummeting by 0.32 %

This week Trigon Development Property (TDP1T) has the biggest positivepercentage 8.33%.

The worst performer during 14th week was the clothing retailerBaltika (BLT1T)

decrease of 8.27%.

The 14th week of the year in NASDAQ OMX Tallinn (OMXT) shined red and was smoother even

more than previous one which resulted in lower turnover and a slight decrease of 0.32 % (Figure 1).

The biggest decline was observed on Monday 0.74 %, since then there wasnt any considerable

fluctuation which resulted in closing price of 726.37. If the recent turnover in Baltic markets

(Estonia not exception) was believed to have been low, then the turnover of this week could be

considered ridiculously low. Overall, the investors during 14th week was extremely inactive in

OMXT and as a result only 958 deals were made and 1,049,625 securities have changed their

owners which resulted in turnover of 2,819,601.96 EUR.

Figure 1The index NASDAQ OMX Tallinn in the period of 2011-04-05 2011-04-08Source: www.nasdaqomxbaltic.com

This weeks winners are Premia Foods AS (PRF1T) and Trigon Development Property

(TDP1T),which experienced the increases of 2.26 % and 8.33 % respectively. The worst performers

were Baltika (BLT1T) and Jrvevana (JRT1T) with decreases of 8.47 % and 8.06 %correspondingly.

1 Market Overview is not an advice. Neither authors nor iFund or other representatives are liable for possible use of information contained iit. Relatively reliable public information (Exchanges websites, Bloomberg, Reuters, etc) was used to produce this Market Overview.


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Premia Foods AS (PRF1T) experienced considerable increase of 2.26 % which resulted in closing

price of 0.905 EUR.During 14th week there were not any announcements or news which resulted in

slight fluctuation. Nevertheless, on the 8th of April the consumer goods producerPremia Foods AS

(PRF1T) announced good news, namely that its subsidiaries are going to merge. Overall, this

attracted investors and resulted in increased turnover and this tendency is considered to continue

next week due the fact that Premia Foods AS (PRF1T) believes in its bright future.

Figure 2 Premia Foods AS (PRF1T) in 14th weekSource: www.nasdaqomxbaltic.com



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This weekTrigon Development Property (TDP1T) has the biggest positive percentage change inthe market value of shares, namely 8.33 % (Figure 3). The property development company Trigon

Development Property (TDP1T) started with sharp increase of 8.33 %, notwithstanding that no

news or announcements were made, which could have caused such a large increase. The 14th week

continued without any fluctuation or turnover and these facts can be interpreted only that someone

knows something. All in all, the price of shares is considered to have correction in the next week

after such a positive percentage change.

Figure 3 Trigon Development Property (TDP1T) in 14th weekSource: www.nasdaqomxbaltic.com



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The worst performer during 14th

week of 2011 was the clothing retailerBaltika (BLT1T). The weekstarted without any changes in share price and continued until 6th of April (Figure 4), when investors

responded to the news that Baltika (BLT1T) closed its shop in Ukraine and so reduced even more

number of shops which is 15 less than year before. On the other hand, it is not wise to get rid of this

stock, since it was announced that Baltikas (BLT1T) consolidated retail sales revenue totaled 3.5

mill EUR and was 5 % higher compared to March previous year in a situation where the sales area

shrunk by 8%. To conclude, the facts that consolidated retail sales revenue are growing second

month in a row and that comparable stores sales (LFL) per square meter increased by 12%, have to

provoke positive changes next week.

Figure 4 Baltika (BLT1T) in the period of 2011-04-04 2011-04-08

Source: www.nasdaqomxbaltic.com



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The second worst performer was Jrvevana (JRT1T), one of the five construction companies listedin NASDAQ OMX Tallinn. In total the company hasnt experienced any changes until Friday

afternoon, since any news was announced. As a result, no one was interested in this company, apart

from the fact that only 2 deals were made (selling) which provoked great decrease of 8.06 % right

before NASDAQ OMX Tallinn was closed (Figure 5). Notwithstanding the fact that Jrvevana

(JRT1T) has been experiencing losses for two years in a row, the construction company ought to

attract investors attention and the fact that losses were reduced from 134,000 EUR to 19,000 EUR

i.e. as much as 85 % should be taken into consideration.

Figure 5 Jrvevana (JRT1T) in 14th weekSource: www.nasdaqomxbaltic.com

Overall, the 14th of 2011 was odd due investors inactivity which obviously resulted in decrease of

turnover. It has to be interpreted as an odd fact on account of the fact that most of the companies

announced dates of annual General Meetings and suggested to pay considerably large dividends.

Therefore, it is believed that NASDAQ OMX Tallinn (OMXT) will regain green color in 15 th week

of 2011.

Review by: Liudvikas Galvanauskas, Paulius Jurgutis, Oleg Demidov, Liene Putnina.


Documents

Market Overview: NASDAQ OMX Tallinn (2011, wk.14)