Market Overview: NASDAQ OMX Tallinn 2011, wk. 11 The 11 th week of the year in Tallinn market was an odd due to situation in Japan which made all the markets shine in red and OMX Tallinn (OMXT) was not an exception. As we can see from the graph (Figure 1), the index dipped by 7.56% until the end of Tuesday. However, this attracted buyers who wanted to get some “cheap” stocks and from then on everything turned vice versa. The OMXT index rose again by 9.4% from Wednesday and the week ended up with the soaring by 3.21%. The OMXT index closing value was 732.83 points last Friday and the last closing value (18 th of March) is 741.10 points. Figure 1 Baltic market indexes in 11 th weekSource: www.nasdaqomxbaltic.com The best performances were shown by the companies Trigon Property Development (TPD1T) and Järvevana (JRV1T), going up by 4.57% and 4.05% respectively. The greatest losers of 11 th week were Harju Elekter (HAE1T) and Arco Vara (ARC1T), declining 4.75% and 1.92%. Overall, in the Nasdaq OMX Tallinn 4,315 deals were made and 5,760,614 securities have changed their owners which resulted in turnover of 7,866,035.53 EUR. Even though one of the leading real estate development companies Arco Vara (ARC1T) went down a lot during the week ( Figure 2), there are good news for its investors that were not yet seen during the trading week. The companies’ associate attracted 11.4 million EUR for Tivoli project development, which allowed the company to repay its SEB loan and receive 6 million EUR funds for financing the construction. This funding makes it possible for the company to proceed with the development of the Tivoli project and start the construction of a new residential area already in autumn 2011. It is expected that these news will boost the confidence of the investors and raise the price of the stock the following week. 1 Market Overview is not an advice. Neither authors nor iFund or other representatives are liable for possible use of information contained in it. Relatively reliable public information (Exchanges websites, Bloomberg, Reuters, etc) was used to produce this Market Overview.
Transcript
8/7/2019 Market Overview: NASDAQ OMX Tallinn (2011, wk.11)
The 11th week of the year in Tallinn market was an odd due to situation in Japan which made all themarkets shine in red and OMX Tallinn (OMXT) was not an exception. As we can see from thegraph (Figure 1), the index dipped by 7.56% until the end of Tuesday. However, this attractedbuyers who wanted to get some “cheap” stocks and from then on everything turned vice versa. TheOMXT index rose again by 9.4% from Wednesday and the week ended up with the soaring by3.21%. The OMXT index closing value was 732.83 points last Friday and the last closing value(18th of March) is 741.10 points.
Figure 1 Baltic market indexes in 11th week
Source: www.nasdaqomxbaltic.com
The best performances were shown by the companies Trigon Property Development (TPD1T)
and Järvevana (JRV1T), going up by 4.57% and 4.05% respectively. The greatest losers of 11 th
week were Harju Elekter (HAE1T) and Arco Vara (ARC1T), declining 4.75% and 1.92%.Overall, in the Nasdaq OMX Tallinn 4,315 deals were made and 5,760,614 securities havechanged their owners which resulted in turnover of 7,866,035.53 EUR.
Even though one of the leading real estate development companies Arco Vara (ARC1T) wentdown a lot during the week (Figure 2), there are good news for its investors that were not yet seenduring the trading week. The companies’ associate attracted 11.4 million EUR for Tivoli projectdevelopment, which allowed the company to repay its SEB loan and receive 6 million EUR funds
for financing the construction. This funding makes it possible for the company to proceed with thedevelopment of the Tivoli project and start the construction of a new residential area already inautumn 2011. It is expected that these news will boost the confidence of the investors and raise theprice of the stock the following week.
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.
8/7/2019 Market Overview: NASDAQ OMX Tallinn (2011, wk.11)
The group of construction companies AS Nordecon (NCN1T), which slightly shrunk by 0.29 %and didn’t experience much fluctuation in 11th week (Figure 3), made a contract of 3.1 million EUR with Järva County Vocational Training Centre that ensures the company to build a new studentdormitory and a canteen. This socially oriented investment is expected to raise the price of the stock the next week or at least to contribute to the upward going trend of the stock in the long run as well.
Figure 3 Nordecon AS (NCN1T) in 11th week
Source: www.nasdaqomxbaltic.com
In the beginning of the week official news were spread that the company of media AS EkspressGrupp (EEG1T) and Vivarone OÜ agreed to restructure their present partnership in EestiPäevalehe AS. By this agreement, Vivarone OÜ will be the owner of the real-estate owned by Eesti
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.
8/7/2019 Market Overview: NASDAQ OMX Tallinn (2011, wk.11)
Päevalehe AS and AS Ekspress Grupp (EEG1T) will become a solo owner of Eesti PäevaleheAS. In addition to savings, 100% ownership in Eesti Päevalehe AS will allow Ekspress Grupp tobetter use its expertise while improving competitiveness of Eesti Päevaleht as a daily paper. Eventhough these news were not able to make the stock resist the overall trend downwards in thebeginning of the week (it fell by 7.3% until Wednesday, Figure 4), restructuring is expected to helpthe price of the stock go up in the long run.
Figure 4 Ekspress Grupp (EEG1T) in 11th week
Source: www.nasdaqomxbaltic.com
To conclude, the 11th week had both bearish and bullish moods; however, companies’ dividendpaying time is coming soon, which help the prices of stocks to go only up; thus, we will probablyface raising prices of stocks until the time the dividends are paid.
Review by: Oleg Demidov, Liudvikas Galvanauskas, Liene Putnina, Paulius Jurgutis
3 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.
