Thu, 28 Oct 1999: STOCK MARKETS: WEEKLY REPORT (OCTOBER 15 - 22)…



The movements were of short duration, the broker observed. "Nobody had a clear-cut vision, nobody supported the market on the buying or the selling side," he said.The start-of-the-week decline on European and American markets set the tone for trading in Tallinn as well, the broker added. Regardless of the good economic results published on Monday, Norma was the week's biggest loser with a drop of 16.18 percent. The shares closed Friday at 29 kroons ($2.01). Some investors may have regarded Norma's council reshuffle as sufficient grounds for selling. "Norma set the seal on the whole bourse week," Helmja said, referring to expectations of additional information about the sale of shares to Sweden's Autoliv. The firm reported a net turnover of ... Read the rest of this entry »

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