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Swedbank: Baltic stock market may gain 25% in 2012
Juhan Tere, BC, Tallinn, 30.01.2012.
Print version
Print versionStocks in Estonia, Latvia and Lithuania may gain 25% in 2012, according to Swedbank experts.
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Such an increase is likely as the region's economic outlook is among the best in Europe and prices do not reflect the companies' earnings potential, explains Swedbank, writes LETA.
The Baltic economies will be some of the fastest growing in the 27-member European Union this year, with Lithuania's gross domestic product seen expanding 3.3%, Estonia's economy growing 2.7%, and Latvia's 2%, Swedbank predicts.
The Nasdaq OMX Tallinn index declined 24% last year, while Lithuanian stocks lost 27% and Latvian equity market declined 4%. The markets are at about half of their peak levels hit in 2007.
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