Estonia, Financial Services, Investments, Markets and Companies

OMXT hit 1,000 points in intraday trading at about 11:30 a.m. and at 11:39 a.m. the index stood at 1,001.25 points, 0.6% higher than its closing value on Thursday.

The last time the index closed above 1,000 points was on Feb. 7, 2007, when its closing value was 1,042.95. Already on the next day the index fell to 983.5 points.

"It was mostly small investors who were behind the fall of the market today. It's the same herd instinct at work as in an upswing – some rush ahead and others follow at full tilt," Mart Veskimagi, director for equity markets at SBM Bank, told BNS on Feb. 8, 2007.

Veskimagi said the direction stocks will take in the near future depends on three key factors: first, future sentiment of local small investors; secondly, whether also the large funds will go along with the fall; and thirdly, the attitude of Swedish retiree investors.

The value of the OMXBBGI index of the Baltic stock exchanges on Friday morning was 722.10 points, the value of the Riga index OMXR was 639.21 points and the value of the Vilnius index OMXV 514.46 points. The Nasdaq indexes are calculated based on the price of shares and market capitalization.

The issuers that have quit the Tallinn stock exchange since February 2007 are Norma, Starman, Jarvevana, Kalev and Saku Olletehas. The businesses that have listed since are Ekspress Grupp and Arco Vara, which debuted in 2007, Pro Kapital Grupp, which debuted in 2012, Linda Nektar, which debuted on the First North alternative market in 2015, and LHV Group, which debuted in 2016.

In 2010, the food group Premia Foods obtained listing on the stock exchange. It remained listed under that name until November 2014 when it sold its ice cream making business to the Ukrainian group Food Union. The company that retained its frozen fish business is now listed as PRFoods.