Baltic markets hold steady

Riga, LatviaRiga - The three Baltic stock exchanges continue to trade in a steady range this week, maintaining the trend started at the end of last week.

The NASDAQ OMX Tallinn exchange closed down 0.75 per cent Tuesday. Vilnius was down 0.56 per cent, while Riga's exchange, the smallest of the three, rose 5.94 per cent.

That was enough to cause the Baltic Benchmark Index (BBI) which includes data from all three exchanges, to record a modest rise, closing up 0.37 per cent at 332.19.

Despite the general flatness in the markets, there were one or two big fluctuations among individual stocks.

Lithuanian furniture maker Klaipedos Baldai recovered its losses of last week with a big 15 per cent rise in its share price. Latvian fur farmer Grobina headed in the opposite direction with an 11 per cent loss. (dpa)

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