Nasdaq Baltic index OMX Baltic Benchmark declined by 6.23% to 575.25 points in 2014. Throughout the year, 116 050 transactions (including shares, bonds and fund units) were made on the stock exchange, with turnover of EUR 470 million. The number of transactions declined by 15.4% compared to the previous year (137 148 in 2013), while the turnover of stock exchange transactions remained approximately at the same level compared to 2013 (EUR 477 million in 2013).

 

During the year, the average daily turnover of the stock exchange was EUR 1.88 million (EUR 1.91 million in 2013) and the average transaction value was EUR 4050 (EUR 3504 in 2013).

 

Trading was most active with the shares of Olympic Entertainment Group (10 237 trades), followed by Tallink Grupp (7704), Šiaulių bankas (6902), Silvano Fashion Group (6258) and TEO LT (5557). The biggest turnovers were made with the shares of Olympic Entertainment Group (EUR 37m), Tallink Grupp (EUR 26.2m), Silvano Fashion Group (EUR 16.5m), Tallinna Vesi (EUR 15.9m) and Apranga (EUR 13.3m) 

 

There were 581 trades made on the bond market with the total turnover of EUR 245 million.

 

In the Main List, the share price of Lietuvos energijos gamyba, AB gained 98%, the share price of Grigiškės gained 38%, the share prices of LESTO and Vilkyškių pieninė gained more than 27%. The share price of Tallinna Vesi gained more than 10% and the share prices of Vilniaus baldai and Šiaulių bankas increased 9% and 8% respectively, while the share price of Silvano Fashion Group declined more than 55%, the share prices of Utenos trikotažas and Arco Vara lost more than 40%, and the share prices of Latvijas kuģniecība and Skano Group declined more than 30%.

 

 

 

In June, the shares of three new companies – INVL Baltic Real Estate, INVL Baltic Farmland and INVL Technology which were established after the reorganization of Invalda LT – were listed on Nasdaq Baltic Secondary List.

 

The offering of new shares of Arco Vara AS took place on August 8-29. In total, 1 375 305 shares were subscribed for. As the result of the subscription the share capital of Arco Vara AS was increased by 962 713.5 EUR, i.e. the new share capital was 4 281 908.4 EUR.

 

The takeover offer to acquire all shares in AS Järvevana ended in September. Riverito reached 97.5% ownership and thus the offering condition (at least 90% threshold) was fulfilled. The takeover of the shares in AS Järvevana held by the remaining shareholders by AS Riverito for compensation in the amount of 0.84 euros per share was approved by the AGM of AS Järvevana in the end of October.

 

As of the end of the year, it was possible to trade in the shares of 79 companies with the total market value of EUR 5.99 billion.

 

 

 

In March, the pawnshop operator SIA ExpressCredit bonds in total value of EUR 4.750 million were listed on the Nasdaq Baltic Bond list.

 

In November, Capitalia, AS bonds and AS mogo bonds were listed on the Nasdaq Baltic Bond list.

 

In December, AS TRASTA KOMERCBANKA bonds were listed on the Nasdaq Baltic Bond List. 

 

As of the end of 2014, there were 33 Latvian corporate bonds, 19 Latvian government bonds and bills, 3 Lithuanian corporate bonds and 23 Lithuanian government bonds and bills listed on the Nasdaq Baltic Bond List. 

 

 

 

In September, Swedbank joined the Baltic market maker program and became a liquidity provider for three shares traded on the Baltic Market: Tallink Grupp, Olympic Entertainment Group and Merko Ehitus.

 

In October, Nasdaq implemented two-day standard settlement (T+2) to securities admitted to trading on the Baltic and Nordic exchanges and the respective First North markets.

 

As of the end of the year, 29 Exchange members had access to trading on at least one of the Nasdaq Baltic markets. 

 

 

Funds
 

In January, Citadele Universal Strategy Fund EUR, Citadele Universal Strategy Fund USD, Citadele Caspian Sea Equity Fund and Citadele Russian Equity Fund were listed on Nasdaq Baltic Fund list.

 

In September, the sub-funds “Rietumu Asset Management Cash Reserve Fund-USD” and “Rietumu Asset Management Cash Reserve Fund-EUR” managed by AS Rietumu Asset Management IPS were listed on the Baltic Fund List. Also, fund units of open-ended “Rietumu Asset Management Fund” three sub-funds “Rietumu Asset Management Fund-Global Equity USD”, “Rietumu Asset Management Fund-Fixed Income High Yield USD” and „Rietumu Asset Management Fund–Fixed Income Investment Grade USD” units were listed on the Baltic Fund list in September.

 

 

 

In April, the Estonian Law Firm VARUL was granted the Certified Adviser status by Nasdaq Riga, which made VARUL the first pan-Baltic Certified Adviser of the Nasdaq Baltic First North Market.

 

In July, the auditing and business consulting company Grant Thornton Rimess was granted the status of the Certified Adviser on the Baltic First North Market by Nasdaq Tallinn.