OREANDA-NEWS. January 25, 2011. The benchmarks of the Baltic stock exchanges turned mixed during the reporting period. In positive territory did end up indices of the Riga Stock Exchange (+5.20%) and the Vilnius Stock Exchange (+3.67%), while the Tallinn Stock Exchange Index closed the reporting period in negative territory by declining 0.73%.

The turnover on the Riga Stock Exchange was higher than average and reached 846,000 lats. The leaders in sales volume were Latvijas Kugnieciba (617,000 lats), SAF Tehnika (61,000 lats), and Latvijas Krajbanka (LKB1R) with 53,000 lats.

A steep growth curve was demonstrated on the Riga Stock Exchange by shares of Latvijas Krajbanka (LKB1R) which rocketed 34.01%. This outstanding performance of the bank’s shares was triggered by the statement of AB Snoras filed with the Financial and Capital Market Commission in regard to mandatory buyout of Latvijas Krajbanka’s shares at 2.56 lats per share. As of close on January 21, 2011, price of one Latvijas Krajbanka’s share was 2.494 lats. The buyout proposal will take effect only after a respective permission is received from the Financial and Capital Market Commission.

Stocks of the following companies also traded in green zone during the reporting period: Valmieras Stikla Shkiedra (+4.82%), Latvijas Kugnieciba (+4.63%), SAF Tehnika (+2.96%) and Latvijas Balzams (+1.12%).

Stocks of the following issuers were moving contrary to the Index: Kurzemes Atslega 1 (-14.13%), Olainfarm (-2.61%), Latvijas Tilti (-1.78%) and Grindeks (-1.05%).