National Stock Exchange Of Lithuania Monthly Bulletin - February

February of 2004 was marked with positive news, excellent trading results and new records for the National Stock Exchange of Lithuania (NSEL). February was the first month in the NSEL history when the total turnover of each trading session exceeded LTL 3 m (EUR 869 thousand), and that of shares topped LTL 1.9 m (EUR 550 thousand). The total turnover of the month reached LTL 272 m (EUR 78.78 m), surpassing total turnover of any month in 2003. The same applies to the turnover of shares (LTL 106 m or EUR 30.70 m) and government securities (LTL 166 m or EUR 48 m). Moreover, in February the share turnover on the central market hit a lifetime high of LTL 69.5 m (EUR 20.13 m).

Active participation of investors not only animated trading on the market, but also boosted stock prices. In February, only 9 shares went downwards. Prices of over 10 shares advanced by more than 10%, and 13 shares broke or repeated their all-time highs. Like in January, share indices continued to rise. The Official list index LITIN beat 500 points again on 18 February, and all listed share index LITIN-G exceeded 2000 points on 11 February and continued to rise further. It was in 1997 when LITIN-G reached 2000 points for the last time. Most actively traded shares index LITIN-10 hit a new record at 2622.59 points.

Lietuvos Telekomas AB yielded its leading position on the central market to Mazeikiu Nafta AB, the turnover of which reached LTL 15 m (EUR 4.34 m) on February 6 and to Vilniaus Vingis AB. The shares of the mentioned three companies were leaders in terms of trading volumes that exceeded LTL 10 m (EUR 2.90 m). Monthly turnover of 18 shares outstripped LTL 1 m (EUR 290 thousand). Investors also actively traded in shares of Vakaru Skirstomieji Tinklai AB, Alita AB and Rokiskio Suris AB that announced tender offers after their privatisation.

Since the beginning of 2004, 450 transactions are concluded per trading session on average, and an average daily share turnover reaches LTL 7 m (EUR 2.03 m) and that of debt securities LTL 10 m (EUR 2.90 m). These indicators are more than 1.7 times higher than in 2003. The share turnover of the two months of this year comprises 49% of the share turnover for the whole 2003, and turnover of Government securities and the total turnover constitute 28% and 1/3 accordingly.