Thu, 28 Oct 1999: FALLING PRICES AND LOW TURNOVER HAUNT BALTIC BOURSES…



Publication of three-quarter results changed share prices little except for renewing interest in Valmieras Stikla Skiedra fiberglass factory. But Valmieras SS will be unable to pull the market up by itself, and experts are not forecasting any increased trading excitement soon.Lithuania's market has dropped the curtain on the drama which has driven trading the past several months. Terms of the merger between Hermis and Vilniaus banks are now clear, and Ukio's secret investor has retreated into obscurity, along with speculators. Considering the problems in the energy sector and the impending collapse of the government, the 0.80 drop in the LITIN-10 index appears to be quite a good result.Most world bourses rebounded last week following slides... Read the rest of this entry »

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