Just like other developing markets, the Tallinn Stock Exchange has offered good money-making opportunities this year while Harju Elekter has boosted the property of its owners most, Postimees Online/LETA reports. Bourse index OMX Tallinn has gained by nearly a half from the beginning of the year, 45.92%.
Harju Elekter has been the best performing share. 1,000 kroons invested in the company a year ago have more than doubled into 2,070 kroons, a growth of 107%.
Owners of Tallinna Kaubamaja and Merko Ehitus can also be happy, their property has grown over 70% since the beginning of the year and 1,000 kroons have become 1,730.
The biggest loser at the Tallinn bourse this year has been Baltika, as its shares have fallen by 45% since the beginning of the year. Analysts say that the company’s situation continues to be difficult but it has exited the liquidity crisis of the beginning of the year. The risk is still considered high.
Real estate developer Arco Vara, which ended last year with a more 1 bln kroons loss and experienced a short price rally at the end of summer, has fallen by more than a fifth since the beginning of the year.