Bourse: Free fall on Tallinn Stock Exchange

Share prices on Tallinn Stock Exchange went into free fall today, prices of five listed companies’ shares dropped by more than 10 pct, Äripäev analyst Tõnis Oja writes in his overview.

Tallinna Kaubamaja shares were traded the most and had the biggest turnover. Its share fell 10.3 pct to EEK 75.10. The turnover totaled EEK 4.5 mln.

Harju Elekter dropped the most: 14.8 pct. Also the shares of Eesti Ehitus went through a 15 pct fall. However, the closing price of the share was EEK 52.09 which makes the fall percentage of 10.3 pct.

Also Arco Vara and Baltika can be named as important fallers. The prices of shares fell 8.33 pct and 6.88 pct respectively.

Tõnis Oja wrote in today’s Äripäev that Estonian businessman Toomas Tool’s influence in Arco Vara is likely to grow sharply as his holding has increased over 15 pct and probably will increase even more. Today Toomas Tool called and affirmed that this is only a portfolio investment and he is not planning to interfere in company’s operations. At the same time he did not exclude that opportunity in the future.

Source http://balticbusinessnews.com/default2.aspx

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