Retailers, Service Providers Excelled on Stock Market in 2012
In terms of share value, the past year was a good one for companies listed on the Tallinn stock exchange, an equity analysis specialist for a leading bank has said.
Marek Randma, head of Baltic stock market analysis for Swedbank, told uudised.err.ee that companies that depend on domestic consumer spending were a particular positive surprise.
He gave the examples of the Olympic casino chain, the Tallink shipping company and - on the basis of results for the first half of 2012 - Tallinna Kaubamaja (Tallinn Department Store).
A negative surpriser was Silvano, said Randma, affected by inflation in Belarus.
The Tallinn Stock Exchange's OMXT index grew 38 percent in 2012. Randma is forecasting 15 percent growth this year.
As reported, investor interest has fallen, with the stock market's turnover at an all-time low of 136 million euros.
"The growth of turnover may be bolstered by a number of factors such as rising prices, an increase in free float of listed companies, primary and secondary offerings, new investors entering the market, old investors trading more actively, et cetera," said Randma.
"We believe the first of the factors I mentioned will materialize in 2013."