OREANDA-NEWS. February 01, 2011. The major indices of the Baltic stock exchanges, showing slight changes compared to previous closing, turned mixed during the reporting period. Riga Stock Exchange (+0.60%) ended up trading in positive territory; Vilnius Stock Exchange (-2.60%) and Tallinn Stock Exchange (-0.83%) closed the week in negative territory.

The turnover on the Riga Stock Exchange was higher than average and reached 325,000 lats. A large portion of this amount – 170,000 lats – came from trading shares of Grindeks.

The positive movement of the Riga Stock Exchange Index was largely created by positive dynamics in shares of two issuers: Grindeks (+5.24%) and Latvijas Gaze (+3.85%). Successful performance was also demonstrated by shares of Latvijas Tilti (+1.74%) and Latvijas Krajbanka (+0.96%).

The following stocks were moving contrary to the Index: Valmieras Stikla Shkiedra (-5.63%), Latvijas Kugnieciba (-4.20%), Ditton Pievadkezhu Rupnica (-1.83%) and Liepajas Metalurgs (-1.52%).

As to the latest news, it is necessary to mention that on January 24, 2011 the Financial and Capital Market Commission (FCMC) allowed to AB Snoras bank to announce an offer concerning mandatory buyout of Latvijas Krajbanka’s shares. The buyout prospectus can be found on the official website of the Riga Stock Exchange.