The Baltic stock exchanges have been resilient to regional moods this year, with trends of Western European markets, which have hit their five-year highs, prevailing in the three countries, Marius Ignotas, the head of equity sales for Lithuania at Swedbank, has said at a news conference.
"There were no jumps in the Baltic markets. Perhaps we can call ourselves true westerners. But these price gains were really sharp and stocks have become really expensive," he said.
These gains have brought Baltic companies' relative indicators closer to the global market level and made Baltic companies similar to those in Poland and Slovenia. As a result of this, the "charm" of the Baltic region is already quite costly for investors, the broker says.
Ignotas predicts that positive moods may continue to prevail in the Baltic stock markets this year.
"We expect the situation to improve by the end of the year. We may have further growth. But we must keep in mind that bad news that something is changing in this region may come any time," he says.
The OMX Vilnius index closed at 413.66 points on Monday, up 16.50 percent compared with the start of the year.