Market Overview: NASDAQ OMX Tallinn (2011, wk.15)

8/7/2019 Market Overview: NASDAQ OMX Tallinn (2011, wk.15)

1/5

Market Overview: NASDAQ OMX Tallinn 2011, wk. 15

Highlights:

The Baltic market indexes Nasdaq OMX Vilnius (OMXV) and Nasdaq OMXTallinn (OMXT) have experienced significantly decreases of 0.99% and 1.00%

respectively.

The biggest losers of the 15th week were Viisnurk (VSN1T) and AS PremiaFoods (PRF1T) with decrease of3.63 % and 3.87 % correspondingly.

The biggest gainers: Trigon Development Property (TDP1T) +12.82% and Jrvevana(JRV1T)+6.04%.

The 15th

week of 2011 ought to be considered as the waiting time for Q1 results i.e. Investors arewaiting for Q1 results which resulted in fallen turnover in the world markets. The Baltic market

indexes Nasdaq OMX Vilnius (OMXV) and Nasdaq OMX Tallinn (OMXT) have experienced

significantly decreases of0.99% and 1.00% respectively (Figure 1), regarding the fact that the

World markets resulted in pessimistic and waiting mood. Notwithstanding that investors were

trading in the market not very actively, the best performers Trigon Development Property

(TDP1T) and Jrvevana (JRV1T) with sharp increases of 12.82% and 6.04% have to be

mentioned. On the other hand, the rest of the companies in OMXT have been experiencing

significant losses, with the leaders Viisnurk (VSN1T) and AS Premia Foods (PRF1T) with

decrease of3.63 % and 3.87 % correspondingly. Overall, in 15th week 1,345 deals were made and

2,216,318 securities have changed their owners which resulted in turnover of3,383,728.99 EUR.

Figure 1 Nasdaq OMX Tallinn and Nasdaq OMX Vilnius in 15th week of 2011

Source: www.nasdaqomxbaltic.com

One of the least liquid stock listed in OMXT Trigon Development Property (TDP1T) showed the

best performance during 15th week a larger increase of 12.82%. In spite of being best performer,

the construction company Trigon Development Property (TDP1T) didnt attract investors

1Market 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.


2/5


attention until 15th of April i.e. Friday. On account of the fact that it is a very illiquid stock i.e. the

market is not deep and investors can influence price very easily, the stock is considered to have

been affected by this 4 deals on Friday which resulted in 1,120.25 EUR turnover and extremely

large increase of 18.60 %. To conclude, we strongly believe that Trigon Development Property

(TDP1T) has to experience correction after such sharp increases two weeks in a row i.e. 8.33% and

12.82 %.

Figure 2 The construction company Trigon Development Property (TDP1T) in 15th week




3/5


Jrvevana (JRV1T) was the second most improving company in 15th

week. During the week theconstruction company showed positive trend sharp increases until 13th of April, then a

considerable gain followed by small correction. Overall, Jrvevana (JRV1T) has experienced gain

of 6.04%. Nevertheless, the fact that the stock is considered to be illiquid as well as Trigon

Development Property (TDP1T) has to be noted. In other words, the market is not deep as well in

this case and, for instance, 6 deals and turnover of 1,416.60 EUR on 12th of April resulted in large

increase of 8.11%. All in all, we believe that (similar to previous case of Trigon Development

Property (TDP1T) ) a correction during incoming week is inevitable.

Figure 3 The construction company Jrvevana (JRV1T) in the period of 2011-04-11 2011-04-15




4/5


5/5


The food producerPremia Food AS (PRF1T) was the most unsuccessful during this week. Theweek began with opening price of0.905 EURand ended up with closing price of0.87 EUR i.e.

overall, the company gained a loss of3.87 %. During the week until Thurday there were made any

announcements which could have been directly affect the company. Nevertheless, on 14 th of April

Premia Food AS (PRF1T) made an announcement that it registered and reduced a share capital

denominated in euro. To sum up, a conclusion that the price will be declining next week due to the

above mentioned fact has to be commemorated.

Figure 5 The food producer AS Premia Foods (PRF1T) in the period of 2011-04-11 2011-04-15


Overall, the 15th week was rather pessimistic due negative macroeconomic background of global

markets; also International Monetary Fund (IMF) cut the USA and Japan GDP growth which

resulted in negative tendencies in global markets that affected Nasdaq OMX Tallinn (OMXT) as

well. To conclude, we strongly believe that tight situation in Libya, anxiety of Greek bankruptcy

result in the fact that investors risk appetite will be reduced and they would rather wait for Q1

results; knowing strong correlation between Baltic markets and global markets these fact can result

in negative tendencies during next week.

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


Documents

Market Overview: NASDAQ OMX Tallinn (2011, wk.15)