Thu, 26 Nov 1998: Stock markets: weekly report (November 16 - 22)…



23-24 by VB's and the investment company Vilfima's leadership to meet with their main foreign consultant, Nomura.Vilnius Bank's main argument is that it has remained profitable while Unibanka and Uhispank have fallen into the red. It appears that at least the Lithuanian stock market believes this argument, as VB's share price shot up nearly 30 percent last week. Over the past month Uhispank's share price has climbed just 14 percent and Unibanka's only 10 percent, while VB's share price has soared 63 percent.Latvia: Riga bourse loses source of intrigueThe news of Skandinaviska Enskilda Banken's investment into Unibanka was of course the major event of the week. The news was undoubtedly positive for the Latvian securities market, but several ... Read the rest of this entry »

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