Economic History, Financial Services, Investments, Lithuania

A specialist of SEB Bank noted that the decrease of the Vilnius stock exchange index took place due to the foreign facts, writes LETA/ELTA.

"At least one can take comfort from the fact that decline [of the stock exchange in 2011] was mainly due to foreign news, not local. From the earthquake in Japan to the eurozone debt crisis", said Arvydas Jacikevicius, Senior Broker at SEB Bank.

According to him, the main European stock markets still tried to resist the pessimism up until the end of the summer, while stock markets in developing countries, including Lithuania, did not show any obvious signs of recovery since spring.

However, according to Rytis Davidovicius, the General Director of Orion Asset Management, which manages 7.6 million litas worth investment fund Omx Baltic Benchmark, next year would bring many challenges because of multiple market sentiment changes and political decisions directly affecting the stock markets.

"For this reason, the investors should not get distracted and after reassessing their risks keep to their investment strategy", said R. Davidovicius.

From the beginning of this year to Wednesday, Vilnius stock market index OMX Vilnius suffered the biggest fall among the Baltic States' indexes – by 27.5%, the OMX Tallinn fell by 22.9%, and OMX Riga – by 6.2%.