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

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Market Overview: NASDAQ OMX Vilnius 2011, wk. 15

Highlights:

iauli Bankas (SAB1L) became profitable

Lesto (LES1L) announced not paying dividends

emaitijos Pienas (ZMP1L) announced dividends

Week 15 in Vilnius Stock Market was more active, however, negative moods remained. OMXVilnius index continued decreasing and managed to drop by 1% from 391.25 to 387.35 points perweek. The total turnover during the week reached 2 076 077.65 EUR and it was larger by 36% than

it was the previous week. Throughout the week total of 10 stocks increased, 19 declined and 9 havenot changed their price. The biggest winner this week was iauli bankas (SAB1L) with 3.54%gain, followed by Agrowill Group (AVG1L) increase of 2.43% and Sanitas (SAN1L) with 1.92%gain. The biggest turnover in week 15 was reached by TEO LT (TEO1L) - 412,878.13 EUR.However, its stock price decreased by 1.60% and it was one of the main reflections of the wholeweek in Vilnius Stock Market. The biggest negative gain in stock prices had Stumbras (STU1L). Itmanaged to drop by 11.94%. It was followed by Lesto (LES1L) and Snaig (SNG1L) whichdeclined by 5.37% and 3.12% respectively.

This weeks biggest winneriauli Bankas (SAB1L) announced that during the firstquarter of 2011 they have earned 0.89 mil. Euros net profit. Last year during first quarter iauli

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

Chart 1 OMXV index in week 15. Source: nasdaqomxbaltic.com

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

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Market Overview: NASDAQ OMX Vilnius 2011, wk. 15

Bankas had 2.35 mil. Euros of losses. Investors reacted very positively to these news and liftedshare price by 5.86%. Although it looks like it was just a short impulse as next day we already sawa small correction. But still these results should increase iauli Bankas image and that will have

positive impact on its share price in the future.

One of the biggest losers this week was Lesto (LES1L) which generated one of the biggestturnovers this week, but it was followed by decline in share price of 5.47%. The main reason forthis negative change was that Lesto announced that they will not pay dividends this year. Thisannouncement was a little bit surprising because this year Lithuanias government said that theywill try to gather as much revenue thru dividends from companies, where they are mainshareholders, as possible. But it looks like there was more talking than actual doing. And getting

back to the Lesto share price it does not seem like it will change its trend nest week. Most likely itwill continue to decline or will passively move around current price.

Sanitas (SAN1L) this week had third highest gain in share price in Vilnius Stock Market.That mainly could be explained by speculations in media that Actavis Group could try to buySanitas if the acquisition of other pharmacy company Polfy Warszawa would fail. More fuel in fire

pours the information that Sanitas board of directors already consulted one firm about sale of thecompany. And it is obvious that at the moment smaller investors are hoping that acquisition willreally happen and they will be able to fix neat profits. Of course as Invalda (IVL1L) controls 25.6%of Sanitas these speculations also positively affects its share price. If information about possiblemajor investors will continue to appear we can expect further increase in both Sanitas and Invaldashare prices.

emaitijos pienas (ZMP1L) at the start of the week announced that they will pay dividends

this year. Company will divide 0.724 mil. EUR which means dividends will be equal to 0.014 EURper share.emaitijos pienas last years net profit was 5.38 mil. EUR.

Authors: Tomas Matulionis, Martynas Samulionis, Mindaugas Vaznonis, Gerard Chmyznikov,

Auris Germanaviius.

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