Nasdaq’s three Baltic stock exchanges saw considerably lower transaction numbers as well as trading asset turnover last year than in 2022, with shares in the Tallinn exchange’s now-delisted Baltika seeing the Baltic Main List’s biggest drop of 2023 at 46%.
Last year, a combined 1.108 million stock transactions took place on Nasdaq’s Tallinn, Riga and Vilnius stock exchanges, including 1.037 million transactions on the Baltic Regulated market and 71,402 transactions on the alternative First North market, or Baltic multilateral trading facility (MTF).
The Baltic exchanges’ trading asset turnover totaled more than EUR 465.8 million.
In comparison, 2022 saw a combined 1.35 million stock transactions take place on the Nasdaq Baltic markets, with a combined turnover of more than EUR 629.5 million.
The biggest drop last year on the Baltic Main List was seen by Baltika, the home market of which prior to delisting earlier last year was Nasdaq Tallinn and the shares of which fell by nearly 46%.
This was followed by SAF Tehnika (Riga) with a 45% drop and PRFoods (Tallinn) with a 38% drop. AUGA group (Vilnius), Hepsor (Tallinn) and Tallinna Sadam (Tallinn) stocks all likewise fell by 22-23% last year, while Enefit Green (Tallinn) stocks were down by just under 20%.
At the opposite end of the rankings, Pro Kapital Grupp (Tallinn) stocks went up by more than 78% last year, while Grigeo (Vilnius) and Tallink Grupp (Tallinn) by 56% and 32%, respectively. Apranga (Vilnius) and HansaMatrix (Riga) stocks were both up more than by 20% last year as well.
Of companies on the Tallinn market, Merko Ehitus, Tallinna Kaubamaja Grupp and LHV Group stocks also all went up last year – by nearly 8%, nearly 6% and more than 4%, respectively.
Overall, however, the number of companies traded on the Baltic Main List to see their stocks go up last year was outnumbered by those that went down – 23 to 12.
On First North, ELMO Rent (Tallinn) stocks dropped by 80% last year. Shares in the since-delisted Clevon (Tallinn) likewise fell by nearly 75% and Hagen Bikes (Tallinn) by more than 71%.
Infortar (Tallinn), trading in the shares of which began only earlier this month, has seen more than 1,600 transactions with its 89,833 shares, with a total turnover of EUR 2.36 million. The final price per share in the company’s IPO was set at EUR 26. (ERR/Business World Magazine)
